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US dollar is relatively stable, data from USA is expected



According to investing.com, the US dollar was stable at currency auctions on Friday, as investors are spun out by the last meeting of the European Central Bank and are expecting the release of the data on consumerism in USA.



09.Dec.16 7:09 AM
By Anna Tuzova
Photo Toinnov.com

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US dollar is relatively stable, data from USA is expected
The EUR/USD pair has increased by 0,09 per cent to 1,0627, having recovered from the sharp fall on Thursday after the European Central Bank stated that it would extend the Asset Purchase program by nine months.

The monthly Asset Purchase volume would stand the same under the QE (Quantitative easing) programme – at 80 billion Euro per month till the April 2017 and then the ECB will shorten the purchase amount to 60 billion Euro per month. 

And in addition, as predicted, ECB had left its target rate unchanged at historically low levels.

Dollar has got a support after the US Labor Department has stated that the number of initial requests for unemployment compensation per a week ended on 2nd December has fallen by 10000 to 258000, as was predicted. 

The demand for dollar is weakening before the Fed’s meeting next week.

The GBP/USD pair has grown by 0,28% to 1,26213.

As the data showed earlier on Friday, the United Kingdom’s trade deficit has fallen from 13,83 billion Pounds Sterling in September to 9,71 billion Pounds Sterling in October. The indicator has been revised from initial 12,70 billion Pounds Sterling.

Analysts had expected the reduction of trading deficit to 11,80 billion Pounds Sterling.



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