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US-dollar exchange rate falls
Finance
- 11 August, 2017
- 14:00
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Baku. 11 August. REPORT.AZ/ The US consumer price index up by 0.1% in July.
Report informs, according to surveys, majority of analysts expected increase in prices by 0.2%.
As a result, the probability of US Federal Reserve's (Fed) discount rate growth by the end of 2017 has dropped. This, in turn, led to the fall of the US-ollar exchange rate on global currency market. Thus, the rate of dollar against the main opponent up by 0.5% up to 1.18 and now it is around 1.1830 USD/EUR.
Analytical Group of Report predicts, USD/EUR rate to fluctuate at 1.15-1.20 rate by the year end: "The fall in the dollar will increase inflation in the US after a while, and the dollar will start to strengthen again in 2018”.
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