It was the beginning of a very quiet trading this week in the currency markets, where the major currencies are moving in a very narrow trading range with 20 points only at Asian and early European session, as traders prepared for the day of us employment report for September, delayed from last week because of the closure of the US Government.
Under the US Government shutdown crisis Finally, try the forex markets return to work, where the focus begins to shift from politics to economic data. It will be the next key question is how will the impact of the recent political crisis on the u.s. economy as a whole. There is no doubt that the confrontation in Washington has led to plummeting consumer confidence and reduced demand from the Government during the fourth quarter, but in ensuring that Government employees paid vacation and return to work in Government, the overall impact on the economy may be less than expected.
Fact reach agreement on the budget after several negotiations before the Christmas selling season is positive for u.s. gross domestic product for the fourth quarter. In short, after being subjected to stress during the better part of the month, the dollar may get some rest so buyers might start preparing near the bottom in the near term.
While still high risk currencies on a good level of demand for the u.s. currency with partial support from the high rates of risk appetite, the US dollar also showed some gains against the Japanese yen, exceeding USD/JPY higher levels on Friday at 107.04. Alwahid economic report was released at the Asian today is the u.s. trade balance deficit for the fifteenth month high registered further reading-1.09 trillion yen for altokaatb read-1.06 trillion yen. Exports rose by 11.5% versus altokaatb read 15.4%, while imports increased by 16.5 percent compared with expectations of a reading of 19.9%.
No remarks from Bank of Japan Governor Kuroda anything new to the market but the Central Bank Governor said the Japanese economy is recovering moderately and that consumer price index may rise to tdrihai and confirmed the Bank of Japan's Kuroda to facilitate peer-to-peer policy until inflation to its target of 2% and remained stable.
One of the reasons why the US dollar improved performance against the Japanese Yen compared with other currencies is that legislators of monetary policy in Japan still tend strongly to monetary policy adapted to the consensus the Fed's steps with respect to monetary policy. At the present time, the monetary policy authorities in other countries of the Group of ten indifferent from the weak dollar. But the US economic data continued in disappointing numbers and pushed the u.s. dollar down, he is expected to become trade partners with America remains cautious. At the moment, all eyes are on the US employment report tomorrow and the market is expected to record a reading of 180,000. If these figures came close to expectations, could see the u.s. currency rise well over the week.
