The U.S. dollar index from February 2017 fell on a monthly basis. This series of downs recognized as the longest in the last 14 years. But what led to this? The level of U.S. GDP in the II quarter of 2017 rose unexpectedly rapidly, which was not observed during the 2 years before that. In August, according to the government report, the country has established 156 000 new jobs, economists predict an increase of the average wage, but its growth is extremely sluggish – standard (as in 2016) 2.5% per year. Unemployment amounted to almost 4.4 percent, slightly up compared to the previous figure, which became a 16-year low of 4.3%. Traders reacted to the report by the end of August with lightning speed, reducing the dollar index by 0.5% in just a few minutes after the publication of the document.
In addition to the above within the economic indicators, the dollar index is also affected by external factors. Among such specialists is called the unstable geopolitical situation – the confrontation between the US and the DPRK. Sparked by a confrontation between the increase in debt does not add to the dollar position. The sad thing is that in relation to the dollar increased significantly in price in other currencies. For example, the Euro over the past six months rose against the U.S. dollar by 11%. For the first time in 2015 in dollar terms, the Euro is worth more than $1.20.
He expects the dollar further? Experts mixed on this issue. However, most do not anticipate increasing its cost, because the report on the economy next month will be made with reference to the effects of hurricane Harvey. However, about 4.7 million people work in areas affected by the storm, which is about 3% of the US economy. This disaster can cause a sharp reduction in the number of jobs, and hence to stabilize the dollar and restore the former positions are still far.
