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Dollar strengthens its gains against the euro

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1 Dollar strengthens its gains against the euro on Tue Nov 17, 2015 2:34 am

Rocky


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Dollar strengthens its gains against the euro





11.17.2015

The dollar rose strongly with the markets not affected by attacks Paris last weekend and investors continue to expect a rate hike in the United States.
And it eased concerns about the attacks Friday in Paris with European stocks erase early losses and rising US stocks in the absence of crystallization demand for safe-haven assets, which was expected out of fear.
He said Axel Mark and portfolio manager at Merk Hard Currency Fund in Palo Alto, Calif President "in the context of what happened on Friday, many did not expect to be the market reaction this quiet on the equity side."
After recovering in early trading the euro fell to near its lowest level in six and a half months and has lost about one percent to hit US $ 1.0678.
The dollar index, which measures the currency's strength against a basket of major currencies 0.45 percent to 99.460 to exceed its peak in seven months recorded by following the US jobs report, which came unexpectedly strong on the sixth of November.
The dollar rose against the Japanese yen terms rose 0.5 percent to 123.23 yen derived support from data showing Japan's economy fell more than expected in the period between July and September, continuing a downturn for the second quarter in a row.
The dollar rose nearly two percent against the yen since the beginning of November Althani.anthy 29 quarters e

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