The US dollar strengthened against other major currencies after the Federal Reserve indicated that interest rates may be increased in the coming months, with a certain probability in September.
In his statement yesterday at the rate the Fed noted that the economy and the labor market continue to be strengthened, reinforcing hopes for an initial rise in rates at the meeting in September. The Fed reported that it is watching the economic recovery after the recession in the first quarter and its "moderate growth" in the moment.
The Fed chief Janet Yellen said that the central bank may raise interest rates in September if the economy continues to improve the alleged rate.
On Thursday scheduled the publication of preliminary data on the growth of the US economy in the second quarter. The data is expected to show economic recovery after the recession in the first quarter caused by the severe winter conditions.
The euro retreated from session lows after the data on the index of sentiment in the economy, but then fell again. The threat of a Greek exit from the euro zone does not have a negative impact on sentiment in the corporate sector in the region in July. Companies in the past month more optimistic about their own prospects, although increased consumer concerns.
The published data on Thursday the European Commission pointed to an unexpected increase in confidence in the companies in most major economies in the eurozone.
The survey was carried out of the European Commission at the time when Greece is so much closer to the exit from the euro zone as no country before. Nonetheless, Greece July 13 failed to reach agreement with creditors that will allow the country over the next three years to obtain new loans.
Increased confidence in the companies suggests that the observed recent increase in investment and employment is likely to continue, supporting the economic recovery in the eurozone.
Sentiment in the euro-zone economy, which takes into account the mood of businesses and consumers, in July rose to 104.0 from 103.5 in the previous month, reaching the highest level since July 2011. The index is still above the long-term average level of 100.0.
Economists had expected the index decline in July to 103.3.
The European Commission confirmed that consumer confidence weakened in July, but the mood of the companies of the manufacturing sector, the service sector and the retail sector improved, while the mood of construction companies and the banking sector declined slightly.
EUR / USD: during the European session the pair fell to $ 1.0941, and then rose to $ 1.0984
GBP / USD: during the European session, the pair rose to $ 1.5636
USD / JPY: during the European session, the pair rose to Y124.38