American Dollar Rate

The American dollar keeps on gathering pace amid weak statistics from the Eurozone and political uncertainty in some European countries. Yesterday euro weakened versus the US dollar to the level of 1.3121 having fallen from the mark of 1.3184 dollars versus euro at the previous session closing. The dollar-yen pair dropped to 81.14 against the greenback from 81.52 yens the day before.

The dollar index reflecting the US dollar rate versus the 6 currencies basket advanced by 0.54% - to the mark of 79.58 points. The trade participants are concerned over the remaining instability in the Eurozone economy.

On Monday the investors fears increased after a report publication, according to which the aggregative business activity index in the production and services sector within 17 euro area countries fell in April to the lowest level for 5 months which is equal to 47.4 points from 49.1 points in March.

The actual reading did not come in line with economic outlooks which had predicted an uptrend to 49.3. Aside from that, the American currency rate contributes to political instability in some European countries.

Thus, the Dutch Prime Minister Mark Rutte submitted resignation after unsuccessful negotiations with the opposition relatively the budget for 2013. The investors attention is attracted by presidential elections in France.

Calendar and reviews

Trader’s calendar on March 28: Any winners in Trump’s tariff game?

Trader’s calendar on March 21: USD to stagnate while markets hesitate?

Trader’s calendar on March 20: USD to remain among gainers despite recent decline?

Trader’s calendar on March 19: Trump’s actions cause sell-off in USD

Trader’s calendar on March 18: Is USD strong enough to stay afloat?

Editor's choice

Today the network of international InstaForex broker representatives has over 200 offices all over the world. One of them is in Kuala Lumpur, the capital of Malaysia. The company’s office is comfortably located on the 40th floor of the world-famous skyscrapers – Petronas Twin Towers raising over 450 meters high. The towers are considered as the symbol of the capital which is cultural, economic and financial center of Malaysia. We present you the reportage of InstaForex TV film group that visited the modern South-Asian megalopolis.

Anna Kochkina, Director of Special Projects at InstaForex, speaks about the way InstaForex treats its customers (ShowFx World Conference in Riga)

Trader’s calendar on March 28: Any winners in Trump’s tariff game?

Events

Video interviews

Economic calendar

Geography with InstaForex