American focus: the dollar fluctuates

The US dollar fluctuates against the euro after the release of mixed US data. Business activity producers of New York in August fell for the third time in five months, reaching its lowest level since 2009. This is evidenced by a report released Monday by the Federal Reserve Bank of New York. Reported Fed manufacturing index in New York in August fell to -14.9 from 3.86 in July. Economists expected the index to 5. Values ​​above zero indicate expanding activity.

As reported by the Federal Reserve Bank of New York, demand continued to decline. The new orders index fell to -15.7 from -3.50 in July. Unfilled orders, however, in August rose to -4.5 to -7.45 in July. Shipments index fell to -13.8 from 7.88 in the previous month, while the index of inventories fell sharply to -17.3 from -8.51 in July.

In addition, self-builders in the market of newly built single-family homes rose in August by 1 point, reaching 61 points, the highest level since November 2005. Meanwhile, adding that the latest update was in line with forecasts. This was reported by the National Association of Home Builders / Wells Fargo.

"That confidence builders was near the mark of 60 points for three consecutive months, it indicates that in the sector of buildings family homes recorded a slow but steady progress - said NAHB Chairman Tom Woods. - Nevertheless, we continue to see, builders encounter difficulties in access to land and resources. "

"Today's report is consistent with our forecast, which assumes a gradual strengthening of trust in 2015. - Said NAHB Chief Economist David Crowe." The improvement in the labor market should support market growth at a moderate pace during the rest of the year. "

Two of the three components HMI showed an increase in August. The component that measures current conditions of sales, rose by one point to 66, and the index of sales expectations for the next six months remained at 70 points. Meanwhile, the component measuring the traffic of customers rose by two points to 45.

Considering the three-month moving average for regional assessments HMI, the indices in the West and Midwest rose three points to 63 and 58, respectively. Meanwhile, the index for the South rose by 2 points to 63 points, while the index for the Northeast remained at 46.

The Canadian dollar strengthened against the US currency against the background of investment data. The amount of Canadian securities held in the holding of foreign investors in June rose, while Canadian investors bought more foreign securities. On Monday news agency Statistics Canada.

In June net purchases of Canadian securities by foreign investors amounted to 8.51 billion Canadian dollars against the net sales of $ 5.46 billion Canadian dollars in May. Canadian investors, in turn, in June acquired foreign securities to 8.57 billion Canadian dollars.

The agency Statistics Canada noted that this resulted in a net outflow of funds from the economy of this country in June of 60 million Canadian dollars.

Monthly data on securities transactions are an indicator of attitudes of global investors to the Canadian economy, as well as allow us to judge the opinion of Canadian investors about the prospects for the world.

The sharp fall in oil prices, which is an important source of Canada's exports negatively affected the country's economy. Canada's GDP this year declined for five consecutive months. The Bank of Canada responded by two cuts key interest rate, which currently amounts to 0.5%.

The most active foreign investors in June invested in money market instruments: net purchases here reached a record 12.04 billion Canadian dollars.

Canadian investors in June increased the amount of foreign securities in its holding primarily due to purchases of non-US debt. In general, investment in June was partially offset by a decline in US Treasury securities, which are in keeping Canadian investors.

Net purchases of foreign stocks by Canadian investors in June amounted to 4.43 billion Canadian dollars.