American focus : dollar weakened

The U.S. dollar fell against major currencies after data unexpected reduction of industrial production and the fall in activity in the region, the New York Fed .

Recent data , which were presented by the Federal Reserve showed that at the end of last month , industrial production unexpectedly fell , although the main figures indicate strong demand for most of the production of goods. According to the report , industrial production fell by a seasonally adjusted 0.1% in October , after increasing 0.7 % in September , while capacity utilization decreased by 0.2 % - to the level of 78.1% . Experts estimate production in October would grow by 0.1% in capacity utilization remain unchanged - at the level of 78.3 %. Note also that the growth of industrial production in September was revised upward from 0.6 %.

The report published by the Federal Reserve , New York showed that manufacturers in the area of ​​responsibility of the Federal Reserve Bank of New York reported that business conditions deteriorated this month , as the reduced volume of orders and deliveries. Fed manufacturing index to New York in November fell to -2.21 , its first negative value since May, against 1.52 in October. Index values ​​below 0 indicate a decline in activity . Economists had expected the index to 5.2 . Subindexes Fed New York as a whole weakened.

Earlier, the euro fell against the dollar, which was associated with the release of the final inflation data , which showed that the annual inflation rate among the 28 member countries of the European Union fell to its lowest level in four years in October . This situation adds to fears that the unit may be in an even more precarious position from a long period of falling prices . According to the report , consumer prices in the EU rose by 0.9 % for 12 months (until October ) , which was significantly lower than the figure at 1.3 % recorded in September. Note that the increase in consumer prices was the lowest since October 2009 . Meanwhile, data showed that the annual rate of inflation in the 17 euro-zone countries was 0.7 % in October , the lowest level since November 2009 . Recall that the preliminary data on inflation , issued October 31 , caused a quick response from the European Central Bank , which cut its benchmark interest rate to a record low of 0.25 % last week .

Pound rose against the U.S. dollar on a background of the Bank of England representative comments Huila . According to Wil , it may be correct to leave its key rate at 0.5 %, even after the unemployment rate of 7%. Member of the Committee on Monetary Policy Martin Weale said that the Bank of England will have to return to my pledge to keep rates low, at least for next year , if the unemployment rate will drop rapidly . He noted that the rate of decline is important in the unemployment rate , and that the faster -than-expected drop should encourage Committee to reconsider its position . " If unemployment will decline ... much faster than in our central forecast , we have to think about the risk of conservation rates too low for too long - he said. - Even with inflation close to the target level , would hardly be appropriate for rates to remain at current levels until not be used in all available power economy. "