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Friday, January 26, 2007

Dollar mixed after stronger U.S. data

The dollar traded mixed against other major currencies Thursday, coming off session lows after a batch of stronger-than-expected U.S. economic releases boosted expectations the Federal Reserve would keep interest rates steady in the near-term. Greenback pared its losses against euro and rose slightly against the Yens after the information demonstrated that they rose to the sales of the existing homes of the unexpected E.E.U.U the last month, whereas the economic activity in the region of Chicago recovered more than forecast in December. A separated report that demonstrated an unexpected jump in confidence of consumer of the E.E.U.U added a certain aid.

Of ?the data this morning bullish is same dollar and will more likely guard the federal reserves on the grasping for the first trimester from 2007,? said Kathy, main strategist in FXCM. In New York that negotiated, the dollar was quoted in 118.92 Yens, compared with 118,81 Yens the last Wednesday. Euro changed the hands in $1.3157, compared with $1.3115. The British pound negotiated in $1.9622, compared with $1.9561. The dollar changed the hands in 1.2203 francs Swiss, compared with 1,2259 francs. Euro brought 156,50 Yens, compared with 155,86 Yens. To see the alive currency tariffs. Michael Woolfolk, greater strategist of modernity in the bank of New York, said in spite of the last swelling of positive data, is a ?remarkable deficiency follow-by dollar-buying.? ?He appears that the speculative players have decided to join their real money brethren of the money in a holiday extended year-end this week, choosing not to mount another speculative attack of the dollar,? he said. ?With activity winding to a close, the dollar is placed for a certain initial the next week well that it buys.?

Stronger data

Sales of the existing homes of the E.E.U.U rose 0,6% of November, to an annual index fit to the seasonal variations of 6,28 million, the national association of the Realtors this. The economists told on a drop 6,20 million. To see complete history. Separately, the board of the conference said index of the confidence of consumer of reviewed the ascending E.E.U.U to 109,0 of December of 105,3 of November. The economists counted on a declination to near 101,9 of previously the 102,9 disclosed. To see complete history. To another part, the index of the ones in charge whom they bought of Chicago sharpened up to 52,4 of December after striking a point under three years in November. The economists had hoped that the index rose to 50,9% slightly. Wednesday, the dollar fell after the united Arab Emirates said that it is gliding to diversify to his currency reserves far from the modernity of the E.E.U.U. Hair some of his losses after a report of the department of the commerce demonstrated sales of the new rose of the homes more than foretold in November.

BRITISH market of cover

The British pound rose after a report demonstrated BRITISH prices of house more strongly than anticipated. The index of prices at national level of house rose 1,2% of December as of November, improvement that expectations of an increase of 0,9%. The tariff of the year-on-year is stopped in 10.5%, the one of upper the level from the January of 2005 and raises from the 9,6% of November. The data emphasize ?that the cover market follows affluent sharp? in spite of bank two of the rises of the type of interest of England by half second of this year, the analysts said in the economy of the action. ?We hoped to see a retardation of the growth of the price the next year, because affordability descendent and higher types of interest must dampen demand, but are probable to at least see strong figures continued everywhere [the first trimester].? Euro found the aid after the member of European advice of the bank that governed power station Yves who Mersch maintained the rhetorician of the abundant bank that the types of interest continue being low liquidity and accommodative and that raises risks of the inflation. ?No change to the tendency? To another part, the bank of governor Toshihiko Fukui of Japan said in an interview with the newspaper of Sankei that ?is no change to the tendency in which the strong gains in the corporative sector are filtering to traverse to the houses.? The interview ?was taken by some as attempt to do the risk market found out of the rise of the January tariff,? the analysts said in the economy of the action of the company/signature of the investigation. The Yens dismissed of a point under two months against greenback Wednesday after the agency of the news of Jiji of Japan disclosed that the bank of the will of Japan discusses probably a supply to at night raise its target of the tariff of calls of the key by 0,25 points of the percentage to 0,5% in its meeting of following policy in January. But the modernity of Japan came under certain pressure after the data of the government sent Thursday demonstrated that the Japanese industrial production rose in a 0,7% less-that-wait for of November month of previous, marking the second month of increases. The economists had hoped that the industrial production demonstrated to 1,2% increase the month.


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