American focus: the euro rose

The euro rose against the dollar, as disappointing US data eased demand for the US currency, even though the losses are likely to be limited. Trading volumes are expected to remain low on the eve of the Christmas holidays. The dollar weakened after the National Association of Realtors said that sales in the secondary market fell last month by 10.5% to a 19-month low of 4.76 million units from 5.32 million in October. Analysts predicted a rise in November to 5.37 million units. The data came shortly after the US Commerce Department reported that gross domestic product grew at an annualized rate of 2.0% in the three months ended September 30, against the expected growth by 1.9%. Preliminary data originally showed an increase in the third quarter by 2.1%. In the second quarter, the US economy expanded by 3.9%. The euro kept as Spain faces a political crisis against the backdrop of controversial election results last weekend. On Monday, Spanish Prime Minister Mariano Rajoy said that his center-right People's Party (PP) intends to negotiate with competitors in an attempt to form a government, however, has reportedly left parties said they did not want to Rajoy remained in power.

The pound fell against the dollar, dropping to the lowest level since April 15. Little impact on the currency had data showing that the situation in the sector of public finances of Britain worsened in November. Natsstatistiki Office (ONS) reported that net borrowing state. sector grew to 13.56 billion. pounds in November, compared to 6.45 billion. pounds in October (revised from 7.47 billion. lbs). Economists had forecast that the volume of loans will amount to 11 billion. Lbs. At the end of November, the net debt of state. sector, excluding state banks. sector amounted to 1536.4 bln. pounds, which is equivalent to 80.5 percent of gross domestic product. The ONS said that in November last year the budget was paid 1.1 billion. Pounds in fines for violations in Forex trading, but this year there was no such income. In the first eight months of fiscal year 2015/16, net borrowing of the public sector was 8.9 per cent less per annum. Their volume amounted to 66.9 billion. Pounds, which is close to the target value for the 2015/16 financial year.

The Swiss franc rose against the dollar, despite the publication of weak data on the trade balance. The Federal Customs Administration reported that the surplus in the trade in goods decreased to 3.14 billion Swiss francs compared with 4.08 billion. Francs in October (revised from 4.16 billion. Francs). The volume of exports fell by 2.1 percent after rising 6.2 percent in October. At the same time, import growth slowed to 0.2 percent from 4 percent. On an annual basis, exports increased by 4.7 percent, offsetting a 1.5 percent decline recorded in October. Similarly, the volume of imports rose by 8.3 percent after falling by 5 per cent in the previous month. In the period from January to November 2015 trade surplus amounted to 34.16 billion Swiss. Francs.