the $ goes up after the US stats but settles in the end


The Dollar offered a small intraday rally to around 96.28 before returning to equilibrium, around 96.05E: the greenback rose to around 1.1290 before sagging towards 1.1325 / E.

The Dollar fell sharply against the Pound (+ 0.6% 1.3425, the ex-floor of 29/30 September) which has only corrected for 3 sessions a large sequence of decline since mid-November, it s ‘is down 0.1% against the Canadian $.
The $ gained 0.3% against the Yen, with a small increase in T-Bonds remuneration of + 4Pts to 1.495%.

The adjustments were accelerated at the end of the day because the Forex will be very calm tomorrow, in the absence of the American forex traders who will be on leave on Friday.

Today’s US figures could have justified the Dollar retaining its initial gains: in fact, household consumption expenditure rose 0.6% in November compared to the previous month in the United States, according to the Department of the United States. Trade, while the consensus was counting on + 0.4% after disappointing retail sales (+ 0.3%) published at the end of last week.

Their household income increased by 0.4%, the increase in the PCE price index increased by 0.6 point + 5.7% in aggregate data, and by 0.5 point + 4.7% excluding energy and food (yesterday, inflation linked to GDP was revised upwards, by + 5.9% + 6%).

Another good indicator, durable goods orders rose + 2.5% in November in the United States after a small increase of 0.1% (revised) in October.

Economists forecast on average an increase of 1.6% after the initial decline of 0.5% announced in first estimate for the month of October.

Orders for capital goods for the transport sector alone rose 6.5%.

Orders for non-transport capital goods – sometimes considered a good barometer for business investment projects – posted a more modest increase of 0.8% in November.

New home sales jumped 12.4% (744,000 transactions / year but the consensus expected better with 766,000). Median home prices continue to soar with + 18.8% year-on-year to $ 416,900, a record price level.

The number of weekly registrations for unemployment benefits remained stable in the week of December 13 in the United States, it standing at 205,000, as the revised figure of the previous week.

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