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The USD rate decreases against Yen and Euro on the New Year’s Eve

USD has fallen during the light holiday trade on Thursday, backing off 14-year maximum against the currency basket, as investors are fixing the income in the run-up to the end of the year. 

29.Dec.16 5:37 AM
By Anna Tuzova


The USD rate decreases against Yen and Euro on the New Year’s Eve
The USD index, which tracks the dynamic of the American currency against the trade-weighted basket representing six main competitors has decreased by 0,3% to 102,93 (as at 08:40 GMT) after the 14-year peak of 103,62 on the last week.

Dollar has fallen approximately by 0,7% against the Yen to 116,4, backing off 10,5-months period peak of 118,65 in the last week.

At the same time Euro has grown by 0,3% against dollar to 1,0446, backing off 13-year period minimum of 1,0352.

British pound has jumped by 0,25% to 1,2258 against dollar after the decrease to 2 months minimum of 1,2201 the day before.

Dollar has fallen after the data published by National Association of Realtors (NAR) has shown that the amount of unfinished sales on the US housing market decreased to almost one year period minimum. The real estate market may be losing its power.

After the elections in the USA in the early November American currency has jumped to almost 6% against the expectations of another raising of the interest rate and accelerating the pace of increases during the administration by the newly elected president Donald Trump.

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