The dollar climbs
Since the beginning of the week, the dollar showed negative trading
against other currencies but this Thursday, November 21, the reversal was done
and the dollar rose against most major peers.
The euro declined against the dollar, it was worth $1.3430 against
$1.3435 $ last night, also the yen dropped
against the greenback, the Dollar Yen was at 100.72 yen against 100.03 on Wednesday.
Federal Reserve Chairman Ben Bernanke said on Tuesday the Fed
will maintain ultra-easy U.S. monetary policy for as long as needed and will
only begin to taper bond buying once it is assured that labor market
improvements would continue.
This statement come just
a few days after Janet Yellen has dampened investors and claimed that the
dollar is less profitable and therefore
less attractive.
St. Louis Federal Reserve President James Bullard said Wednesday
that a tapering of the central bank's quantitative easing program will start on
the next Fed meeting of 17th and 18th December, 2013.
And, the better-than
expected retail sales in U.S (0.4%), has
supported the USD against reassure investors and swelled the greenback.
Indeed, the end of the "Shut Down” has left catastrophic
impacts on the social and economic fields. However the recent economic data revealed the
creation of 204 000 new jobs, the retail sales index showed that during this
paralysis which lasted 16 days, consumption increased.
Many clues indicate US
economic recovery and therefore the
willingness of some FOMC members to stop
stimulus that increase more and more the outcome of the U.S. central bank ($3.9
trillion).
