Forex News

The US dollar has changed slightly since the recent growth

The US dollar went on a positive start on Wednesday, but since then it has been mixed, albeit with minor changes. Traders continued to follow closely the speech of Federal Reserve Chairman Jerome Powell before the Congress.

Two weeks before the next monetary policy meeting, the Federal Reserve published the Beige Book economic report.

Beige book, data on the economic conditions in the twelve Fed districts , said that economic activity continues to expand throughout the US.

Ten of the twelve Fed districts reported moderate or small growth, while the Dallas area reported a significant increase due to an increase in the energy sector, and the St. Louis region described the increase as insignificant.

The Fed noted that manufacturers across the country expressed concern about tariffs, and many areas refer to a new trade policy to raise prices and

After reporting a sharp increase in the construction of new US housing in the previous month, the Commerce Department published a report that shows a much stronger than expected rollback in the laying of new foundations in June .

The Commerce Department reported that the index fell 12.3 percent year-on-year to 1,173 million in June after rising 4.8 percent to a revised level of 1,337.

Economists had expected foundation lay-offs to fall by 2, 2 percent to 1.320 million from 1.350 million originally reported for the previous month.

Building permits, a measure of future housing demand, also fell 2.2 percent to an annual level of 1.273 million in June after falling 4.6 percent to 1.301 million in May.

The continuing decline was unexpected for the economists who expected that construction permits would increase to 1.330 million in annual terms.

The US dollar rose to an early high of 1,1602 against the euro on Wednesday, but has since retreated to around 1,1650.

Annual inflation in the euro zone accelerated in June, exceeding the European Central Bank's "lower but close to 2 percent" target, showed the final data of Eurostat.

The annual inflation rate rose to 2 percent from 1.9 percent in May, according to the forecast June 29.

According to Eurostat's forecasts, ro The output was up for the third consecutive month after stagnation in February.

The US dollar rose to a maximum of 1,301 against the pound on Wednesday, but has since fallen to about 1.3050.

UK inflation remained stable for the second month in a row in June, according to the Office of National Statistics.

Compared to the same period last year, consumer prices increased by 2.4 percent. Meanwhile, it was expected that inflation would accelerate to 2.6 percent.

House prices in the UK rose at the slowest pace for five years in May, data from the Office for National Statistics showed.

Average house prices rose 3 percent on an annual basis after an increase of 3.5 percent in April.

The US dollar reached an early high of 113,137 against the Japanese yen on Wednesday, but has since retreated to about 112,800.