Breaking News
Close
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Forex - U.S. Dollar Rises After Weak German Data

Forex Jan 15, 2019 17:14
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

Investing.com - The greenback rose on Tuesday, while the euro was lower as data showed that Germany’s economy slowed in 2018 and investors were waiting for the results on the parliamentary vote on the UK’s withdrawal from the European Union.

Growth in the German economy slowed to 1.5% in 2018, the slowest rate of growth in five years. The data added worry over slowing global growth due to trade war disputes with the U.S.

EUR/USD slipped 0.67% to 1.1397 as of 11:26 AM ET (16:26 GMT).

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, jumped 0.56% to 95.73, while USD/JPY rose 0.37% to 108.56.

The dollar was also boosted after news that China would inplement more stimulus measures in response to an unexpected fall in the country's exports in December. The measures should help ease investor worries over slowing global growth.

Still, the dollar has fallen in recent weeks, as investors expect the Federal Reserve to pause its rate of monetary tightening this year.

Sterling was lower, as UK Prime Minister Theresa May’s Brexit deal is largely expected to lose a parliamentary vote later in the day. The prospect of a no-deal Brexit is increasing, as the UK is expected to leave the bloc on March 29. GBP/USD fell 0.78% to 1.2763.

The risk sensitive Australian and New Zealand dollars were flat, with AUD/USD falling 0.03% to 0.7191 and NZD/USD down 0.04% to 0.6815.

Forex - U.S. Dollar Rises After Weak German Data
 

Related Articles

The 'Big Package': How Russia was driven to default
The 'Big Package': How Russia was driven to default By Reuters - Jun 27, 2022 3

By Marc Jones LONDON (Reuters) - Russia's first major international debt default in over a century, which Washington said became a fact on Monday, follows months of co-ordinated...

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
Our Apps
DOWNLOAD APPApp store
Investing.com
© 2007-2022 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
  • Sign up for FREE and get:
  • Real-Time Alerts
  • Advanced Portfolio Features
  • Personalized Charts
  • Fully-Synced App
Continue with Google
or
Sign up with Email