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31 Dec 2014
Bloomberg dollar spot index is up 11% this year – Varengold
FXStreet (Barcelona) - The Varengold Bank Research Team notes that the Bloomberg Dollar Spot Index is up 11% this year, making a high at 1133.13 (December 23) this year, further adds that the US is set to appreciate against all of its 31 major peers in 2014.
Key Quotes
“The Bloomberg Dollar Spot Index dropped 0.4 percent to 1128.69. It closed 1133.13 on December 23, the highest since March 2009, and is up 11 percent this year. West Texas Intermediate crude for February delivery slid as much as 91 cents to $52.70 a barrel in New York, the lowest since May 2009, before trading at $53.89.”
“The dollar is set to appreciate against all of its 31 major peers in 2014 for the first time in data going back to 1989 as quickening growth gives the Federal Reserve reason to start raising interest rates next year.”
“Russia´s ruble headed for its largest annual slide versus the dollar since 1998 as slumping oil, sanctions over the Ukraine conflict and the threat of credit-rating downgrades weighed on the economy. It strengthened 4 percent to 56 per dollar today to trim its loss to 42 percent this year.”
“The euro headed for its biggest annual drop since 2005 against the dollar as Greek Prime Minister yesterday failed to persuade parliament to support his presidential candidate.”
Key Quotes
“The Bloomberg Dollar Spot Index dropped 0.4 percent to 1128.69. It closed 1133.13 on December 23, the highest since March 2009, and is up 11 percent this year. West Texas Intermediate crude for February delivery slid as much as 91 cents to $52.70 a barrel in New York, the lowest since May 2009, before trading at $53.89.”
“The dollar is set to appreciate against all of its 31 major peers in 2014 for the first time in data going back to 1989 as quickening growth gives the Federal Reserve reason to start raising interest rates next year.”
“Russia´s ruble headed for its largest annual slide versus the dollar since 1998 as slumping oil, sanctions over the Ukraine conflict and the threat of credit-rating downgrades weighed on the economy. It strengthened 4 percent to 56 per dollar today to trim its loss to 42 percent this year.”
“The euro headed for its biggest annual drop since 2005 against the dollar as Greek Prime Minister yesterday failed to persuade parliament to support his presidential candidate.”