The dollar loses ground after a burst of American statistics – 11/27/2024 at 5:06 p.m.

The dollar loses ground after a burst of American statistics – 11/27/2024 at 5:06 p.m.
The dollar loses ground after a burst of American statistics – 11/27/2024 at 5:06 p.m.

(AOF) – The dollar fell 0.74% to 0.9464 euros as investors learned this Wednesday of a host of macroeconomic data from across the Atlantic. The PCE index, a statistic particularly monitored by the Fed, increased in core version by 2.8% at an annual rate as expected and after an increase of 2.7% in September. Also, American GDP increased by 2.8% in the third quarter as expected after an increase of 3% in the second quarter.

American household incomes came out higher than expected in October while sales promises in October recorded an unexpected increase.

Furthermore, the number of weekly unemployment registrations rose to 213,000 last week, against 215,000 expected, after 215,000 the previous week.

Finally, orders for durable goods increased by 0.2% in October in the United States while economists expected a decline of 0.8%. They were down 0.4% in September.

US markets will be closed tomorrow due to the Thanksgiving holiday.

Canada

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