Jul 30, 2008

Currencies: better for the dollar



The dollar has benefited from European indices still depressed yesterday, particularly in France with a household confidence fell to the lowest in 20 years, back to 1.5580 / euro between banks, while in contrast, the Conference Board reported for the month of July of an upturn in the consumer confidence index to 51.9 U.S., against reading housed June 51 (revised up from the previous level of 50.4). The consensus space was 50 on the month of July.

Scholars expect this Wednesday, Wall Street, the monthly report of employment ADP (Paris: FR0010340141 - news) for July at 14.15 am Paris time. Tomorrow it will be the turn of the GDP of USA to be announced for the second quarter of 2008 (14.30), also passing by the Chicago PMI index on the month of July (16 hours), the index of employment Monster July and the unemployment registration. Friday, finally, investors will be aware of the inevitable government report on employment for the month of July (14h30), construction costs for June and the ISM manufacturing in July.

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