The US dollar falls in the early trading and attention on new home sales

Economies.com
2016-09-26 12:39PM UTC

The US dollar fell during the European market on Monday, on Monday at the start of the week against a basket of currencies, resuming its losses, which temporarily halted on Friday within the breathtaking operations, under the pressure of declining expectations of the "Fed" the Federal Reserve to increase interest rates during the current year, and investors awaited later in the day data on new home sales in the United States during August.

 

 

By the time 12:36 GMT, the dollar index is trading around the level of 95.19 points from the opening level of 95.41 points, and recorded the highest level of 95.45 points and 95.11 points as the lowest level.

 

 

Index closed trading on Friday, up by 0.1 percent, in the first one-day gain in three days, due to rebound from the lowest level of operations in about two weeks 94.94 points, but lost 0.7 percent over the whole trading last week, the second weekly loss during the past three weeks.

 

 

The US currency suffered a weekly loss after the decline in the expectations of raising US interest rates during the current year, especially after "the US central" Federal Reserve pointed to the need for more evidence on the economic data improvement to raise interest rates.

 

 

The US later in the day waiting for important data on the housing sector, the second-best performing sector after the labor market during the third quarter of this year, to be issued by 14:00 GMT,, new home sales is forecast to add 598 thousand homes in August of 654 thousand homes in July.

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