Dollar rose on Thursday and its index rose 9 % for the year

31.12.2015

On Thursday, the US dollar rose against other major currencies as investors prepare for the publication of the US statistics during the session, while trading volumes are weakened on the eve of the New Year.

Trading volumes are expected to remain low in the last day of the year, as many traders close positions on the eve of the holidays, reducing liquidity in the market and increasing volatility.

EUR/USD weakened by 0.16% to 1.0913.

Markets ignored the report of the US National Association of Realtors, which showed that the volume of pending home sales fell 0.9% last month, confounding expectations for an increase of 0.5%.

Pending home sales rose 0.4% in October; the figure got revised from the previous estimation of a 0.2% growth.

The dollar strengthened position after Tuesday's Conference Board said consumer confidence index rose to 96.5 in December from 92.6 in November.

Investors turned their attention to the forthcoming of publication of weekly report of the US initial claims for unemployment benefits and data on manufacturing activity in Chicago.

USD/JPY dropped by 0.10% to 120.38.

The dollar was little changed against the pound, GBP/USD pair being traded at 1.4814, and rose against the Swiss franc: USD/CHF gained 0.36% to 0.9922.

The Australian dollar strengthened; AUD/USD rose 0.34% to 0.7311, while the NZD/USD pair has remained at the level of 0.6847.

Meanwhile, the USD/CAD pair rose 0.13% to 1.3890.

The Canadian dollar which is influenced by commodities came under pressure from falling oil prices amid ongoing concerns over the excess on the world market after the US Energy Information Administration on Wednesday reported an unexpected increase in inventories.

In early European trading, WTI crude futures for February delivery were traded at $ 36.77, near 11-year low of $ 35.98, reached on December 22.

The USD index, which tracks the US currency against a basket of six major rivals, rose 0.10% to 98.40.

The dollar is ready to complete 2015 year with an increase by 9 % against the currency basket as December's decrease could not deny the brilliance of its result: the maximum annual rise since the beginning of the century. During the rally, which began in May 2014, the dollar added more than 20 % against the basket of currencies and more than 25 % against the euro.

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