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As observed yesterday before the close of the North American session, the sharp demand for the U.S. dollar was directly related to the statement made by US President Donald Trump.
Until then, the market is dominated by buyers of risky assets, which were supported by statements made by President of the European Central Bank, Mario Draghi, during the press conference.
The growth of the US dollar is directly related to the statement of President Donald Trump, who believes that the US currency will and should be strengthened. In an interview with CNBC, Trump said that the dollar will become stronger and stronger, and its main goal is to strengthen the US dollar.
Let me remind you that the US Treasury Secretary, Steven Mnuchin, recently said the opposite. Even in the middle of the week, he announced the positive impact of a weak dollar on foreign trade.
The decline of data on sales of new homes in the U.S. did not have a significant pressure on the greenback. According to the report of the US Department of Commerce, the sales of single-family homes in the primary housing market decreased by 9.3% in December 2018, which is equivalent to 625,000 homes per year. Economists had expected sales to fall by 7.2% to 680,000 homes a year.
According to the Conference Board, the index of leading indicators from the U.S. rose in December last year, which was 107 points against 103.9 points in November reports. These data were higher than the forecasts of economists, who expected growth of 0.5%. These data were higher than the forecasts of economists, who expected growth of 0.5%. The index of synchronous indicators rose to 102.8 points, while the index of lagging indicators rose to 104 points.
Based on the report of the Federal Reserve Bank of Kansas City, the leading composite production index reached the level of 16 points in January of this year, against 13 points in December. Economists had expected the index to be 14 points in January.
The Japanese yen managed to gradually regain a number of positions after a strong fall against the U.S. dollar at the end of the day.
The yen was supported by data on the basic consumer price index, which increased in December 2017. Growth has been observed for the 12th month in a row. However, it should be noted that there is no acceleration of price growth, which could negatively affect the forecasts of investors who expect the Bank of Japan to tighten its monetary policy.
According to the report, the base consumer price index rose by 0.9% in December 2017 compared to the same period in the previous year.
From the minutes of the December meeting of the Bank of Japan, it can be observed that the majority of the board members announced the continuation of the current monetary and credit policy at the same level.
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