Forex - Dollar Remains Moderately Lower Despite Upbeat U.S. Data By Investing.com

Forex - Dollar Remains Moderately Lower Despite Upbeat U.S. Data

ForexDec 19, 2017 13:44

This article has already been saved in your Saved Items

Forex - Dollar Remains Moderately Lower Despite Upbeat U.S. Data

Investing.com - The dollar remained moderately lower against other majors currencies on Tuesday, despite the release of upbeat U.S. data, as investors remained cautious regarding progress on the U.S. tax reform front.

Trading volumes were expected to become more and more thin throughout the week, ahead of the Christmas holiday.

The dollar shrugged off data on Tuesday showing that the number of U.S. housing starts unexpectedly increased in November, while building permits declined much less than expected.

Investors remained cauitous as the U.S. tax reform bill was to set to enter the final stages of approval with the House of Representatives expected to vote on the bill at around 1:30 p.m. ET (18:30 GMT) on Tuesday. The Senate vote is expected to follow either later on Tuesday or on Wednesday.

Republicans have convinced their holdouts to back the bill, suggesting that the proposal with me swept through the Republican-controlled Congress for a final signature into law by U.S. President Donald Trump.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.13% at 93.11 by 08:40 a.m. ET (12:40 GMT).

EUR/USD gained 0.38% to 1.1826, while GBP/USD slipped 0.19% to 1.3356.

Earlier Tuesday, data showed that German business confidence fell unexpectedly in December.

The yen turned lower, with USD/JPY up 0.18% at 112.75, while USD/CHF eased 0.08% to 0.9849.

Elsewhere, the Australian and New Zealand dollars remained stronger, with AUD/USD up 0.08% at 0.7668 and with NZD/USD rising 0.16% to trade at 0.7006.

Earlier Tuesday, data showed that the ANZ business confidence index for New Zealand improved to -37.8 in December from -39.3 the previous month.

Separately, the minutes of the Reserve Bank of Australia showed that the central bank is more confident the economy will strengthen further next year, potentially paving the way toward its first policy tightening since 2010.

Meanwhile, USD/CAD held steady at 1.2863.

G7 mulling Russian asset seizures to help rebuild Ukraine - German Finance Minister By Reuters - May 20, 2022 1

BERLIN (Reuters) - Seizing Russian state assets to help finance the rebuilding of war-torn Ukraine remains a possibility, German Finance Minister Christian Lindner said on Friday,...

Dollar Edges Higher but Set for Losing Week; China Cuts Key Rate By Investing.com - May 20, 2022

By Peter Nurse Investing.com - The U.S. dollar edged higher in early European trade Friday, but is still heading for its worst week since February as traders reacted to lower U.S....

Dollar Up, but Set for Worst Week Since Feb 2022 as Headwinds Remain By Investing.com - May 20, 2022

By Gina Lee Investing.com – The dollar was up on Friday morning in Asia, headed for its worst week since early February 2022 as U.S. Treasury yields retreat and fatigue after the...

Add a Comment

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:

Enrich the conversation
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically.
Use standard writing style. Include punctuation and upper and lower cases.
NOTE: Spam and/or promotional messages and links within a comment will be removed
Avoid profanity, slander or personal attacks directed at an author or another user.
Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

I have read and understood Investing.com UK's comment guidelines and agree to the terms described.

I Agree

Write your thoughts here

Are you sure you want to delete this chart?

Delete Cancel

Post

Post also to:

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

Please wait a minute before you try to comment again.

Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.

Comments (2)

Kopral konol Jo Oct 25, 2021 20:46

Follow this post

Unfollow this post

Save

Saved. See Saved Items.

This comment has already been saved in your Saved Items

Block User

999999

0 0

Report

Kopral konol Jo Oct 25, 2021 20:46

Follow this post

Unfollow this post

Save

Saved. See Saved Items.

This comment has already been saved in your Saved Items

Block User

free fire

0 0

Report

<div id="comment">
				<div class="comment js-comment" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="231964193">
    <div class="mainComment js-content">
       <div class="commentInnerWrapper">
        <a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody">
                					<span class="commentUsername">
                    	<a href="{userLink}" class="js-user-link js-user-name">{username}</a>
					</span>
                                <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
                <div class="commentDropDown js-commentDropDownWrapper " data-user-id="231964193" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

<div class="js-option addRow follow">
            <div class="js-follow-post-button">
                <span class="alertfollowIcon middle"></span>Follow this post            </div>
            <div class="js-unfollow-post-button displayNoneImp">
                <span class="alertUnfollowIcon middle"></span>Unfollow this post            </div>
        </div>

<div class="addRow js-option save">
		<a href="javascript:void(0);" class="js-save-item-btn" data-item-type="comments" data-item-id="{commentID}">
			<i class="saveItemBigIcon middle"></i>
			Save		</a>
	</div>
	<div class="addRow saveItemsConfirmation noHover displayNone js-saveItemResult">
		
<div class="content js-saveItemSuccess displayNone">
	<span class="mediumGreenSuccessIcon"></span><span>Saved. See <a href="/members-admin/saved-items" target="_blank">Saved Items</a>.</span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
<div class="content js-saveItemAlreadySaved saveItemAlreadySaved displayNoneImp">
	<span>This comment has already been saved in your <a href="/members-admin/saved-items" target="_blank">Saved Items</a></span>
	<a href="javascript:void(0);" class="bugCloseIcon js-close"></a>
</div>
	</div>

<div class="addRow js-option blockUser js-block-option" data-comment-id="{commentID}"  data-user-id="231964193">
			<a href="javascript:void(0);">
				<span class="blockIcon middle"></span>Block User			</a>
		</div>
				<div class="addRow shareButtons js-sharePopup displayNone">
			<div class="js-shareComment"><span class="js-shareCommentSpan"></span></div>
		</div>
	</div>
</div>
                 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div>             </div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="commentBigChart js-comment-chart" onclick="openViewChartPopup('{commentID}')">
					<img src="https://d51-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="231964193">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

<div class="reportComment js-flag float_lang_base_2">
                            <a href="javascript:void(0);" id="commentFlag_{commentID}">
                                <span class="reportCommentIcon middle"></span><span class="inlineblock middle">Report</span>
                            </a>
                        </div>
                    				</div>
					</div>
	   </div>
	</div>
	</div>			</div>
			<div id="reply">
				
    <div class="commentReply js-comment js-comment-reply" data-comment-id="{commentID}" id="comment-{commentID}" data-user-id="">
		<div class="commentInnerWrapper"><a href="{userLink}" class="js-user-link"><img src="{userImage}" width="33" height="33" alt="{usernameAlt}" class="img" onerror="this.src='https://i-invdn-com.investing.com/defaultUserMaleTmp.png';"></a><div class="commentBody js-content">
            				<span class="commentUsername">
					<a href="{userLink}" class="commentUsername js-user-link js-user-name" onMouseOver="">{username}</a>
				</span>
                        <span class="js-date" comment-date="{dateFormat}" comment-date-formatted="{dateFormatted}" title="{dateTitle}">Just Now</span>
			 <div class="commentAuthor js-comment-by-author"><span class="commentAuthorIcon"></span>Author's response</div> 			<div class="commentDropDown js-commentDropDownWrapper " data-user-id="" data-cid="{commentID}">
	<a href="javascript:void(0);" class="threeDotsIconSmall js-thinDropdownArrow"></a>
	<div class="tooltipPopup commentActionsPop noHeader js-commentDropDownOptions displayNone">
		<div class="addRow js-option share">
			<a href="javascript:void(0);" class="js-commentSharePopup" data-cid="{commentID}" data-curl="{commentLink}"><span class="smallShareIcon middle"></span>Share</a>
		</div>

</div>
		<div id="commentText-{commentID}" class="js-text-wrapper commentText withImage">
							<div id="commentBigChart{commentID}" class="replyBigChart displayNone js-comment-chart">
					<img src="https://d51-invdn-com.investing.com/comments_images/{commentImage}" alt="{commentAlt}">
					<i class="newMagnifyChartIcon"></i>
				</div>
				<span id="commentSmallChart{commentID}" class="commentSmallChart pointer js-comment-chart" onclick="openViewChartPopup('{commentID}')">
                    <img src="https://d51-invdn-com.investing.com/comments_images/{commentImageSmall}" width="116" height="52" alt="{commentAlt}">
                    <span class="chartMagnifyOverlay displayNone"></span>
                    <span class="searchGlassIcon chartMagnify displayNone"></span>
                </span>
						<span class="js-text">{commentContent}</span>
			<div class="clear"></div>
							<div class="commentButtons js-not-master-user">
					<a href="javascript:void(0)" class="reply js-reply-btn" data-real-parent-id="{commentID}" data-to-user-name="{username}" data-to-user-id="">Reply</a>
					<div class="inlineblock likeDislikeBox js-like-dislike-box" data-item-id="{commentID}">
	<input class="js-like-checkbox" type="checkbox" name="option" value="Yes" id="like_{commentID}">
	<label for="like_{commentID}" class="like" title="I agree"></label>
	<span class="numOfLikes js-like-count lighterGrayFont">0</span>
	<input class="js-dislike-checkbox" type="checkbox" name="option" value="No" id="dislike_{commentID}">
	<label for="dislike_{commentID}" class="dislike" title="I disagree"></label>
	<span class="numOfDislikes js-dislike-count lighterGrayFont">0</span>
</div>

Are you sure you want to delete this chart?

Delete Cancel

Post

Replace the attached chart with a new chart ?

Replace Cancel

1000

Comment Guidelines

Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.

FTSE 100	7,389.98	+87.24	+1.19%
DAX	13,981.91	+99.61	+0.72%
Euro Stoxx 50	3,657.03	+16.48	+0.45%
US 30	31,281.0	+27.9	+0.09%
US 500	3,904.3	+3.5	+0.09%
Nikkei 225	26,739.03	+336.19	+1.27%
GBP Index	74.23	+0.01	+0.02%

Brent Oil	112.91	+0.87	+0.78%
Crude Oil WTI	110.35	+0.46	+0.42%
Gold	1,845.10	+3.90	+0.21%
Silver	21.765	-0.143	-0.65%
Copper	4.3042	+0.0212	+0.49%
London Cocoa	1,718.00	-25.00	-1.43%
London Wheat	340.00	+0.00	+0.00%

GBP/USD	1.2489	+0.0029	+0.23%
EUR/USD	1.0562	-0.0024	-0.23%
USD/JPY	127.86	+0.07	+0.05%
EUR/GBP	0.8457	-0.0037	-0.44%
USD/CAD	1.2839	+0.0014	+0.11%
GBP/JPY	159.69	+0.46	+0.29%
AUD/USD	0.7039	-0.0008	-0.11%

Lloyds Banking	43.60	+0.17	+0.39%
Vodafone Group PLC	121.10	+2.64	+2.23%
Barclays	152.72	-0.56	-0.36%
BT Group	185.00	+5.40	+3.01%
HSBC	490.75	+4.85	+1.00%
BHP Billiton Ltd	2,674.00	+75.00	+2.89%
Exxon Mobil	91.86	+0.72	+0.79%

Forex - Dollar Remains Moderately Lower Despite Upbeat U.S. Data

Related Articles