MOSCOW, 16 Oct. The dollar against world currencies rising during trading on Friday data on inflation and the U.S. labor market, according to AFP.
As at 10.47 GMT the dollar index (the dollar against a basket of currencies of six major U.S. trading partners) grew by 0.09% to 94,53 item. The dollar exchange rate to yen has grown to 119,13 yen per dollar with 118,89 yen per dollar at the previous closing. The Euro-dollar exchange rate fell to 1,1372 1,1383 of the dollar from the dollar to the Euro.
Consumer prices in the USA in annual terms in September, unchanged, month-on-month deflation was recorded of 0.2%. Analysts had expected deflation in September in annual terms at 0.1%, and on a monthly basis to 0.2%. Core inflation — excluding prices for food and energy in September was 0.2%. In annual terms the indicator reached 1.9%, exceeding analysts ‘ forecasts (1,8%). In monthly terms, inflation expected at 0.1%.
The number of initial applications for unemployment benefits in the U.S. for the week ended 10 October, declined by 7 thousand compared with a revised reading of the previous week — up to 255 thousand, the lowest level since 1973, according to MarketWatch. Analysts had expected, on the contrary, growth rate of 3 thousand compared with the original data of the previous week — up to 270 thousand to 263 thousand.
Figure of the previous week was revised downward by 1 thousand to 262 thousand. The average number of initial claims for four weeks ended October 10, decreased from a revised reading of the previous week on a 2,250 thousand, up to 265 thousand — the lowest level since 15 December 1973. The original indicator was revised downward to 250 applications to 267,25 thousands.
“It is doubtful that the market tries to take into account the possibility of the fed rate hike this year according to inflation, but the fed’s decision depends on the data, so the controller will respond positively to the optimistic data,” says chief foreign exchange strategist in the Japanese division of Barclays Bank Signiture of Kadota (Shinichiro Kadota), quoted by Reuters.