Several very good economic reports from the United States were released yesterday, suggesting that the Federal Reserve will keep reducing the size of its monthly asset purchases. The dollar profited from this and gained today.
The Consumer Price Index rose 0.3 percent in December, unemployment claims fell by 2,000 to 326,000 and the Federal Reserve Bank of Philadelphia manufacturing index advanced from 6.4 to 9.4 in January. All this reports were considered to be good, adding to evidences of growing momentum of economic recovery. The dollar was rising as the result of this, while riskier currencies were falling.
EUR/USD traded at 1.3614 as of 1:34 GMT today after falling from 1.3618 to 1.3608. GBP/USD went down from 1.6352 to 1.6332.
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