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The dollar rises in price against world currencies

The cost of the dollar against world currencies on Thursday morning rises, follows from the data of the auction. Markets are waiting for the release of statistics on the US economy for the first quarter.

As of 7:31 a.m., the euro exchange rate against the dollar fell to $1.0891 from the last closing level of $1.0911. The dollar against the yen rose to 144.59 yen from 144.46 yen. The dollar index (the rate against a basket of currencies of six countries - US trading partners) rose by 0.24%, to 103.16 points.

Later in the course of trading, the US Department of Commerce will publish the final estimate of the country's GDP, which is an important statistic for the US Federal Reserve System (FRS) when making decisions on monetary policy.

According to experts, according to the third, final estimate, the GDP growth rate will be improved to 1.4% in annual terms (if GDP grew at the same pace for four consecutive quarters) from the second estimate of 1.3%, the first assumed an increase of 1. 1%. In the fourth quarter of last year, US GDP grew by 2.6% on an annualized basis.

Investors are also evaluating the statements of Fed Chairman Jerome Powell, made a day earlier. Thus, the chairman of the Fed considers the onset of a recession in the country's economy is still possible, but not the most likely scenario.

Forex Award | World Forex Award | Forex
Forex Award | World Forex Award | Forex
Forex Award | World Forex Award | Forex
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