Dollar resumed its decline against euro and yen

The dollar resumed its decline against the euro and yen

the dollar on Wednesday, dropping against the euro after the publication of weak data on industrial organization in the US ADP employment.

According to released on Wednesday the ADP report, the number of jobs increased in April to 156 thousand. The growth rate for March was revised from 200 thousand. Up to 194 thousand. Economists surveyed by Bloomberg, on average, expected rise in April to 195 thousand in the United States.

However, the dollar index rising from the lowest level for the year as just two heads of the Federal Reserve System (FRS) drew attention to the understated market expectations on interest rates of the American Central Bank, Bloomberg reported.

On Tuesday, the head of the Federal Reserve Bank (FRB) of Atlanta Dennis Lockhart and his colleague from the Federal Reserve Bank of San Francisco Dzhon Uilyams announced that the current state of the US economy justifies the rise of interest rates at the meeting on 14-15 June. In their view, the market is too conservative about the prospects of the US economy, and raising rates.

According to quotations of futures contracts, the probability of Fed rate increase does not exceed 12% in June.

Euro to 15:26 MSK May 4 rose to $ 1.1526 from $ 1.1496 at the close of the previous session in New York, for which the dollar has risen in price by 0.3%.

The dollar exchange rate against the Japanese national currency fell during trading to 106.27 yen from 106.60 yen yesterday. value of the euro dropped slightly – up to 122.49 yen against 122.55 yen on Wednesday.

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