Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Forex - Dollar Remains Moderately Lower Vs. Rivals, U.S. Data Ahead

ForexJan 18, 2018 10:18
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Dollar still on the downside ahead of U.S. economic reports

Investing.com - The dollar remained moderately lower against other major currencies on Thursday, as investors remained cautious ahead of a flurry of U.S. economic reports due later in the day.

Market participants were looking ahead to the release of U.S. data on building permits, housing starts, unemployment claims and manufacturing activity in the Philadelphia area.

The dollar has been pressured lower recently by concerns the global economic recovery will outpace U.S. growth and prompt other major central banks, including the European Central Bank to begin unwinding loose monetary policy at a faster pace.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.15% at 90.51 by 05:15 a.m. ET (09:15 GMT), off the previous session's fresh three-year trough of 89.97.

The euro and the pound were higher, with EUR/USD up 0.25% at 1.2215 and with GBP/USD adding 0.08% to 1.3838.

The euro has strengthened broadly since last week's minutes of the ECB’s December meeting boosted expectations that policymakers are preparing to wind down their bond buying stimulus program.

The yen held steady, with USD/JPY at 111.35, while USD/CHF declined 0.42% to 0.9616.

Elsewhere, the Australian and New Zealand dollars were stronger, with AUD/USD up 0.10% at 0.7975 and with NZD/USD gaining 0.25% to 0.7288.

Data earlier showed that China’s economy grew at a faster than expected pace in the fourth quarter, helped by strong export growth and a rebound in the industrial sector.

China is Australia's biggest export partner and New Zealand's second biggest export partner.

Meanwhile, USD/CAD was almost unchanged at 1.2438.

Forex - Dollar Remains Moderately Lower Vs. Rivals, U.S. Data Ahead
 

Related Articles

Bitcoin falls 7% to $35,431.15
Bitcoin falls 7% to $35,431.15 By Reuters - Jun 18, 2021

(Reuters) - Bitcoin dropped 7% to $35,431.15 at 20:02 GMT on Friday, losing $2,666.53 from its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is down...

Fed-fuelled dollar rises as bears make for exits
Fed-fuelled dollar rises as bears make for exits By Reuters - Jun 18, 2021

By Saqib Iqbal Ahmed and Julien Ponthus NEW YORK (Reuters) - The dollar extended its advance against a basket of currencies on Friday, building on the gains logged after the U.S....

Trust Dollar Rally for Now, But Bears Will Be Back
Trust Dollar Rally for Now, But Bears Will Be Back By Investing.com - Jun 18, 2021

By Yasin Ebrahim Investing.com – The dollar's sunny days are set to continue for quite a while, but the Fed's path will eventually turn murky again to bring the bears out of...

Add a Comment

Comment Guidelines

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.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
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.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
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.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email