© Reuters. The dollar declined while the Bitcoin leaps
The us dollar declined opposite a basket of currencies on Monday, but remains supported by expectations of rising interest rates, while the price of bitcoins has surged, with the beginning of term transactions on the digital currency.
The index dollar, which measures the greenback’s strength against a basket of six major currencies, lost 0.1% to 93.75 at 06:40 AM ET (11:40 AM GMT).
The demand for the dollar was supported after the ADP has indicated that the creation of non-agricultural employment has increased in September to 228.000, compared to an increase than 244,000 jobs last month. These figures exceed the consensus was calling for a creation of 200,000 jobs.
Average hourly earnings rose 0.2% in November, against forecasts for a rise of 0.3 per cent and after a decline of 0.1% last month.
The weakness of the data on wages did little to change expectations of a rate hike by the federal Reserve at its next meeting this week, but fears that moderate inflation could prompt the Fed to change its forecasts of rising interest rates in the future.
The Bank of England and the european central Bank will meet this week and are expected to keep their rates stable.
The dollar declined against the yen, with USD/JPY down 0.09% to 113.38.
The euro advance against the dollar with EUR/USD up 0.13% at 1.1789, away from a more as of three weeks reached Friday, and estimated at 1.1729.
The book moves back with the GBP/USD down 0.21% to 1.3365, away from a high reached on Friday after the negotiations for the Brexit.
The british Prime minister, Theresa May, will extend a greeting of “renewed optimism” with regard to the negotiations for the Brexit speaking in Parliament later in the day, declaring that Great Britain and the european Union are expected to sign an agreement at a summit this week “to go forward together” to discuss future business relationships.
In a statement to parliament, May resume its doubts about the possibility of advancing the talks beyond the initial phase of the agreement on the amount that Great Britain should pay, the rights of citizens and the border between Northern Ireland and Ireland, a member of the EU.
In the meantime, the bitcoin jumped after the launch of the first futures on the bitcoin Sunday.
Bitcoin is 16,206.00 $ on Bitfinex, based in the United States.
The trading of futures contracts, tracing the crypto-currency began Sunday at 18: 00 ET on an exchange operated by Cboe Global Markets, less than 10 days after having received the green light from the Commodity Futures Trading Commission.
The largest stock exchange of the CME Group (NASDAQ: CME) will in turn accessible futures contracts on bitcoin on 18 December.
The rally of Bitcoin occurs in a context marked by concerns related to a potential ball of assets.