Economic expert is expected to increase the purchasing value of the Iraqi dinar
taking advantage of the economic strength of the dollar
Economic expert is expected to increase the purchasing value of the Iraqi dinar taking advantage of the economic strength of the dollar
The Iraqi Economic Information Center, said thegrowth in dollar prices of natural and foreseeable result of lower oil prices, a result of the strengthening of the US economy and growth of the market as the largest consumer of oil in the world, which determines the growth path in the direction of the oil market. The US dollar rose to its highest level in the world five years against a basket of currencies supported by the growth of American jobs. Jumped dollar index, which tracks the US currency’s value against a basket of six major currencies to its highest level since March 2009.
The head of the Center lion Muhammad Ali in a press statement I followed (news agency, media / INA), said that “the Iraqi currency pegged to benefit relatively from the economic strength of the dollar and the rising value of purchasing, but the losses resulting from the decline in oil prices is much greater than the gains of the Iraqi economy Limited, which earned its currency strengthened this partial growth rates the dollar. ” He noted that “growth indicators this will not last long in the light of the current swing in oil prices and the prospect of rising from their lows currently registered,” stressing the need to take advantage of this relatively high dollar contract prices relatively less, especially with countries that dropped their currencies relative to the dollar.
The number of US jobs in November rose to the highest pace in nearly three years and increased wages, which could enhance the motives of the Federal Reserve (the US central bank) to raise interest rates. The US Department of Labor last Friday, said that the number of jobs in non-agricultural sectors increased 321 thousand jobs last month, the highest increase since January 2012. The unemployment rate unchanged at 5.8 percent, its lowest level in six years, also participate in the labor force – or percentage of Americans rate settled in the working age who have a job or looking for a job – at 62 percent.