Dollar rises to most world currencies Tuesday and rose to a month high in tandem with the Euro and in anticipation of the speech of the head of the Federal reserve system (fed) Janet Yellen.
The Euro is trading at 15:43 on Tuesday, September 26. in the area 1,1786 1,1848 Euro against the dollar at the close of the previous session.
Yesterday the dollar rose against the Euro by 0.9% on the results of the parliamentary elections in Germany. The victory was won by the ruling CDU/CSU, but with a rather weak result, which can complicate the task of forming a new coalition government.
Also a negative factor for the single European currency is a factor of uncertainty about the timing of the tapering of quantitative easing (QE) by the European Central Bank (ECB). Investors have concerns that the issue is not clear and after the next meeting of the Central Bank, which will be held on October 26.
- The price of oil broke a two-year record
The single European currency is now about 132,05 yen compared to the 132,38 yen a day earlier. The value of the dollar is 112,04 111,73 yen against the yen on Monday.
Also Tuesday will be the speech of fed Chairman Yellen devoted to inflation uncertainty and monetary policy. Nomura analysts expect her confirmation of the words spoken after the last meeting of the fed. Then Yellen noted that the observed low inflation is difficult to explain existing factors.
As you know, the Euro in Ukraine is mainly determined by the value of the Euro currency in dollars. Therefore, the weakening of the Euro against the U.S. currency could lead to the fall of his course in Ukraine.