The dollar in the world has grown significantly

The dollar exchange rate to the euro increased markedly at international currency trading at the beginning of the current week. On Tuesday in New York, only $ 1.1087 was given for the euro, which is a minimum quotation in the last four months, Bloomberg notes. The market is actively playing raising: traders expect positive data on the construction of new houses in the United States and consumer confidence that should indicate the revival of the economy.

Previously, the uncertainty of traders regarding the short -term prospects of the American stock market restrained the promotion of the American currency, but on Monday indices in the United States grew to a maximum of 14 months, and the dollar followed this - the market was able to show a “delayed” reaction to improving the indicators of the American economy. In addition, the American currency urgently needed speculators in order to buy promotions growing like yeast.

Last week of August, data on a significant increase in retail sales in July were released, which prompted economists to increase forecasts for US GDP growth in the third quarter to 4% -5% in annual counting, plus data on the number of primary appeals for unemployment benefits, which strengthened the hopes for improving the situation in the labor market, as well as data on noticeable growth in industrial production in July, reports. K2Kapital.

Experts predict that the American currency will continue to strengthen, and in the near future the euro will give no more than the dollar and 10 cents.