The dollar stabilized in thin trading before the Christmas holiday

The dollar stabilized in thin trading before the Christmas holiday

24-12-2016 12:23 PM



East News -

New York, Washington - Reuters

The dollar steadied in thin trading, because he remains without the highest level in 14 years hit earlier in the week about 0.5 percent amid the reluctance of investors ahead of the Christmas holiday.

It is likely that the dollar tested new levels are the highest in several years when investors return to trading after the year - end holidays. The US currency rose more than five percent against a basket of currencies since the election «Republican» Donald Trump , president of the United States on the eighth of November (November).

Scored dollar index rose slightly to 103.14 , recovering from the level of 102.89 hit earlier in the session he remains near the highest level in 14 years , which amounted to 103.65 last Tuesday.

The euro was little changed after the Italian government agreed to rescue the bank «Monte dei Paschi» package after the failure of the oldest bank in the world to raise capital it needs from investors. The European single currency stood at $ 1.0439 to remain above the lowest level in nearly 14 years, which amounted to $ 1.0350 earlier in the week.

With the closure of markets in Japan for a holiday the yen rose 0.1 percent against the euro and the dollar to 122.47 yen and 117.38 yen , respectively.

On the other hand, new homes , which can accommodate single - family in the United States more than expected in November to reach its highest level in four months as likely to be the expectation of higher mortgage rates attracted buyers to the market sales rose.

The US Department of Commerce today, said that sales of new homes increased 5.2 percent to an annual pace adjusted in light of seasonal factors , it amounted to 592 thousand units last month. And it has been the pace of sales in October (October) without modification at 563 thousand units.

Economists expected a rise in single - family , which account for about 9.5 percent of total home sales 2.1 percent to 575 thousand units last month , sales of homes. Sales rose 16.5 percent on an annual basis. Mortgage rates have increased at a rapid pace in the wake of Trump.

A report released Wednesday showed that sales of existing homes rose near the highest level in a decade in November. It is expected that Trump plans lead to the promotion of infrastructure spending and tax cuts to increase the rate of inflation.

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