Dollar exchange rate falls against global currencies

Finance
  • 15 August, 2023
  • 06:29
Dollar exchange rate falls against global currencies

The US dollar on August 15 morning fell against other major world currencies. Markets later expect the publication of statistics, including regarding the US, Report informs referring to the auction data.

The euro exchange rate against the dollar rose to $1.0912 per euro from the last closing level of $1.0904. The dollar against the yen fell to 145.53 yen per dollar from 145.54 yen.

The dollar index (the exchange rate against a basket of currencies of six US trading partners) decreased by 0.08%, to 103.01 points.

Data on retail sales in the US will be published later on August 15 before the opening of trading in the country. Analysts believe that on a monthly basis, the index rose by 0.4% in July after increasing by 0.2% a month earlier.

Data on unemployment in the UK will also be released. Experts expect the indicator to remain in April-June at the level of March-May at 4%. After the opening of trading in Europe, the Center for European Economic Research (Zentrum fuer Europaische Wirtschaftsforschung, ZEW) will publish an index of investor confidence in the German economy. The indicator in August is projected at the level of July at minus 14.7 points.

Important data for the market is also expected to be released on August 16, including the minutes of the July meeting of the US Federal Reserve (Fed) and the second estimate of eurozone GDP in the second quarter.

At the same time, the yen is generally stable against the dollar after the release of Japan's GDP data. In the second quarter, the indicator, according to preliminary estimates, increased by 6% on an annualized basis (if GDP grew at the same pace for four consecutive quarters), while the growth forecast was 3.1%. At the same time, personal consumption decreased by 0.5% instead of the expected growth of 0.1%.