The dollar's performance varied at the beginning of the week against the major currencies in the markets after the release of US jobs data.
the following was a statements from Vitor Constancio, ECB vice president:
The US dollar rose today to its highest level in seven weeks as the dollar index reached 93.81 in the light of the continued positive data from the US economy and remains waiting for employment data tomorrow which affected by the recent hurricanes. Today's data showed that the trade deficit shrank for August as exports rose to a two-and-a-half year high.
The beginning of the first week of the last quarter of 2017 was very inflammatory. Catalonia held a referendum on secession from Spain and the approval rate reached 90%, but the Spanish government rejected that referendum and considered it illegal. The European Commission supported that view, calling on all parties to sit at the dialogue table.
US President Donald Trump on Wednesday offered proposals for tax adjustments that would be the largest in US history, and told reporters at the White House that they would be something special for Americans. The dollar rose over the course of today's trading, as the dollar index rose from a daily low at 92.79 to reach its highest level since August 23 at 93.40.
On the economic calendar today, the most prominent headline was Janet Yellen, FED Governor speech, entitled "Inflation, Uncertainty and Monetary Policy", warning FOMC from moving too gradually and confirmed that the Fed able to meet the inflation target of 2%, and not considering changes in the target, noting that it is the uncertainty that strengthens the policy of gradually rate hike, which she supports despite the weakness of inflation.
The start of the week was dramatic for the euro, despite the success of Angela Merkel for a fourth term during the German federal elections on Sunday, September 24, the Christian Democratic Union (CDU) and the Christian Social Union (CSU) win 33% of the vote. The ruling party's current partner the Social Democratic Party (SDP) printed the worst result since the Second World War by getting 20.5%, prompting the leader of the party to describe this day by bitter today, and the shock was in the success of the far right-wing party to enter parliament for the first time in half a century, represented by the Alternative for Germany Party (AFD), which has not been established for 4 years.
The Financial Times presented a sneak preview of Teresa May's speech to be delivered in Florence on Friday, citing officials briefed on the discussions. Angela Merkel, the German Chancellor through the British government, was told to expect British Prime Minister Teresa May to pay at least 20 billion Euros to fill the EU budget hole after the departure of Britain.
Reuters published the latest opinion polls on the ECB and 50 out of 52 economists expected that ECB to announce QE tapering at the October 26 meeting, while 2 indicated that the bank would make the move in December.
Jazbec, governor of the Central Bank of Slovenia and member of the Board of Governors of ECB, made the following statement:
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