News Economics USD the dollar cede against the euro yesterday the dollar had mixed results. Jeff Flake will not settle for partial explanations. However, the outstanding feature was the fall against the euro. EqiFGugZgC1&TARGET=-SM-%2fpfsca%2flogin%2ejsp%3fjumpto%3dpolhome’>Primerica gathered all the information. Several factors influenced the American currency. Thursday didnt varied events, however, Unemployment Claims ended up surpassing expectations and is for this reason that the dollar suffered some bearish pressure. This phenomenon caused the dollar to give ground to the euro during most of the day.
In addition, the ECB reduced rates of benchmark interest by 25 points taking them to 1%, which could increase confidence for the European region.But it is noteworthy that which affected strongly to trade in the dollar was the result of the Stress Test, in simpler words, the audit that the Obama administration made to the US financial sector. It was reported that a total of 10 banks of the audited 19 should increase its capital at $75 billion. The announcement intended to appease the waters and certain investors nervousness, caused a stir. However, several analysts estimated figures of much larger recapitalization, and for this reason at the last minute the dollar advanced.Yesterday the dollar lost 75 pips against the EUR and closed at 1.3362. However, the American currency against the yen recorded significant gains, advancing about 80 pips and reaching the 99.20. Against the pound, the dollar won 120 pips and closed at 1.4996, while the English stock market advanced. This happened since England remained without variation rates of interest at 0.5%.
The question that remains is if the American currency will continue advancing against the pound during the day today.For today the expected several publications, especially the Non-Farm Employment Change and unemployment rate to be published at 1230 GMT. If results exceed expectations, the dollar could recover part of the ground lost yesterday against the euro. However, if the results meet expectations, may the dollar to develop a trend bassist.