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Currency: The dollar neglected despite solid US stats

23/12/2021
Categories: Economy/Forex

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Attacked from all sides, the Dollar experienced a difficult session. It only resists against the Yen with only -0.15%.

The dollar fell against all currencies: -0.45% against the Euro towards 1.1335, -0.4% against the Canadian $ and the Swiss Franc (to 1.28 and 0.92 respectively), then -0.65% against the Pound (at 1.3355). Today's US figures hardly justify this disaffection. The stats published in the United States were robust: the latest estimate of 3rd quarter GDP is revised from +2.1 to +2.3% as expected by the Commerce Department, inflation is revised from +5.9% at +6%. Sales of existing homes fell by -2% but median prices rose by +13.9% to $353,900, existing inventories were down by -9.8% over 1 year.

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