Dollar Turns Mixed Against Major Counterparts

RTTNews | 592天前

(RTTNews) - The U.S. dollar is turning in a mixed performance against its major counterparts on Friday, after having climbed higher earlier in the day after hot inflation data raised expectations that the Federal Reserve will keep its monetary policy tight for longer.

Data from the Labor Department on Thursday showed that the consumer price index climbed by 0.4% in September after increasing by 0.6% in August. Economists had expected consumer prices to rise by 0.3%.

The report also said the annual rate of consumer price growth was unchanged at 3.7%, while the annual rate of core consumer price growth slowed to 4.1% in September from 4.3% in August.

In U.S. economic news today, the University of Michigan said its consumer sentiment index tumbled to 63.0 in October from 68.1 in September, while economists had expected the index to edge down to 67.4.

Assessments of personal finances declined about 15%, primarily on a substantial increase in concerns over inflation, and one-year expected business conditions plunged about 19%," said Surveys of Consumers Director Joanne Hsu.

The report also showed a sharp increase in year-ahead inflation expectations, which jumped to 3.8% in October from 3.2% in September, reaching the highest level since May.

The dollar's rise was also due to investors' preference for the safe-haven currency amid rising geopolitical concerns.

The dollar index climbed to 106.79 after having dropped to 106.29 in the Asian session. The index is currently at 106.68, up marginally from the previous close.

The dollar is up against the Euro at 1.0508. Against Pound Sterling, the dollar has firmed to 1.2135 from 1.2174.

Against the Japanese currency, the dollar is weak, fetching 149.56 yen, down from the previous close of 149.81 yen.

The dollar is up against the Aussie at 0.6296, and weak against Swiss franc at CHF 0.9025. Against the Loonie, the dollar is down at C$ 1.3663

U.S. Dollar Strengthens On Trump's Tariff Delay

The U.S. dollar was higher against its major counterparts in the New York session on Tuesday amid easing trade tensions between the U.S. and the European Union.

RTTNews | 43分鐘前

European Stocks Close Broadly Higher On Strong Data, Easing Trade Tensions

European stocks closed on a positive note on Tuesday, continuing to benefit from U.S. President Donald Trump's decision to amid slightly easing concerns about a potential trade war following U.S. President Donald Trump's decision decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.

RTTNews | 2小時11分鐘前

U.S. Consumer Confidence Rebounds Much More Than Expected In May

A report released by the Conference Board on Tuesday showed a substantial improvement by U.S. consumer confidence in the month of May. The Conference Board said its consumer confidence index spiked to 98.0 in May after plunging to a downwardly revised 85.7 in April.

RTTNews | 4小時53分鐘前

U.S. Durable Goods Orders Plunge 6.3% In April As Aircraft Orders Plummet

With orders for transportation equipment pulling back sharply, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of April. The Commerce Department said durable goods orders tumbled by 6.3 percent in April after surging by a downwardly revised 7.6 percent in March.

RTTNews | 5小時3分鐘前

Dollar Plunges Amidst Renewed Trade Tensions And Fiscal Deficit Concerns

The Dollar recorded a massive plunge during the week ended May 23 amidst an escalation in tensions between the U.S. and its trading partners, particularly the European Union.

RTTNews | 6小時21分鐘前

Bay Street Seen Opening Higher Again

Canadian shares are likely to extend recent gains on Tuesday following U.S. President Donald Trump's decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.

RTTNews | 6小時30分鐘前

U.S. Durable Goods Orders Pull Back Sharply In April

RTTNews | 6小時31分鐘前

Eurozone Economic Sentiment Rises More Than Forecast

Eurozone economic confidence strengthened more than expected in May as manufacturers, consumers and retailers showed signs of recovery, survey data from the European Commission revealed on Tuesday. The Economic Sentiment Indicator climbed to 94.8 from 93.8 in April. The reading was above forecast of 94.0. The rise in the ESI was primarily driven by the improvements in the industry, retail trad

RTTNews | 6小時49分鐘前

EURUSD	1.13378	GBPUSD	1.35144	AUDUSD	0.6446
USDJPY	144.248	USDCAD	1.37934	USDCHF	0.82718

Advertisement

Dollar Turns Mixed Against Major Counterparts