The dollar against the yen fell to 122,88 yen per dollar with 123,15 yen per dollar at the previous closing. The Euro-dollar exchange rate has grown up to 1,0763 1,0724 of the dollar from the dollar to the Euro.
MOSCOW, 11 Nov. The dollar decreases in value against world currencies pending the publication of statistics from China, according to AFP.
As at 07.22 GMT the dollar against the yen fell to 122,88 yen per dollar with 123,15 yen per dollar at the previous closing. The Euro-dollar exchange rate has grown up to 1,0763 1,0724 of the dollar from the dollar to the Euro. The dollar index (the dollar against a basket of currencies of six major U.S. trading partners) decreased by 0.36% to 98,86 item.
Later on Wednesday, the National Bureau of statistics of China will publish data on retail sales and industrial production in the country during October. Polled by Reuters, experts expect that sales in annual terms rose by 10.9% on a monthly — by 10.6%, against a growth of 10.5% in September. The indicator on the volume of industrial production is expected to average 5.8% yoy and 6.2% in 10 months.
The weak performance statistics reinforce concerns among investors about the prospects of China’s economy. They, according to the Agency France Press, will be a tips for the market participants about the state of the second largest economy in the world and its impact on the global economy.
In addition, Chinese data may affect the fed’s decision regarding the timing of a rate hike in the country. Still, the regulator refused to raise rates because of uncertainty about the state of the global economy. The negative effects of the economic slowdown of China and emerging markets can put pressure on the U.S. economy, noted the regulator.
As stated by the Agence France-Presse the head of the Department of foreign exchange operations Sumitomo Mitsui Banking in new York, Yanagiya Masato (Masato Yanagiya), the fed will carefully study the markets before you receive your key decision.
