Nevertheless, stimulus pays off, although household spending remains low and the constant fluctuations in the yen exchange rate do not add calm to exporters. As today’s data show, Japan’s GDP grew by 21.4% year-on-year in the third quarter of this year. >>>
The US dollar index continues to lose ground in the context of the overall recovery in US stock indices. One of the drivers of growth, in addition to this stimulus package, is that Donald Trump signed a resolution to extend government funding until December 11,
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Euro-dollar exchange rate
On Tuesday, it was possible to observe a slight rise of the euro against the dollar, on Wednesday it slid to the figure of 1.0945. This figure is as close to the lowest mark for the year – 1.0925.
The euro/do
llar line of falling euro/dollar trend was observed last week. Prices fell from the level of 2017 to 1.0905 to a new low. They then recovered by 40 points by the end of the session.
Charts for the day and week clearly show the downtrend in the long term.