U.S. Dollar Moves To The Upside After Early Volatility

RTTNews | 239 days ago
U.S. Dollar Moves To The Upside After Early Volatility

(RTTNews) - After seeing considerable volatility earlier in the day, the value of the U.S. dollar has moved higher over the course of trading on Friday.

The U.S. dollar index is currently up 0.45 points or 0.4 percent at 109.41 after swinging back and forth across the unchanged line in morning trading.

The buck is trading at 156.22 yen versus the 155.16 yen it fetched at the close of New York trading on Thursday. Against the euro, the dollar is valued at $1.0269 compared to yesterday's $1.0301.

The value of the dollar moved higher in early morning trading but pulled back sharply after the Federal Reserve released a report showing U.S. industrial production increased by much more than expected in the month of December, reducing the currency's safe-haven appeal.

The Fed said industrial production jumped by 0.9 percent in December after rising by a revised 0.2 percent in November.

Economists had expected industrial production to climb by 0.3 percent compared to the 0.1 percent dip originally reported for the previous month.

Traders are also looking ahead to President-elect Donald Trump's new administration ahead of his inauguration on Monday.

read more
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

Preliminary data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index fell to 55.4 in September from 58.2 in August. Economists had expected the index to edge down to 58.0.
RTTNews | 1 day ago
U.S. Jobless Claims Unexpectedly Climb To Nearly Four-Year High

U.S. Jobless Claims Unexpectedly Climb To Nearly Four-Year High

First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended September 6th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 263,000, an increase of 27,000 from the previous week's revised level of 236,000. Economists had expected jobless claims to edge down to 235,000.
RTTNews | 2 days ago
U.S. Consumer Prices Climb 0.4% In August, Slightly More Than Expected

U.S. Consumer Prices Climb 0.4% In August, Slightly More Than Expected

Following yesterday's report showing an unexpected dip by producer prices, the Labor Department released a separate report on Thursday showing U.S. consumer prices rose by slightly more than expected in the month of August. The Labor Department said its consumer price index climbed by 0.4 percent in August after inching up by 0.2 percent in July.
RTTNews | 2 days ago
U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

Wholesale inventories in the U.S. increased slightly less than expected in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories crept up by 0.1 percent in July after rising by an upwardly revised 0.2 percent in June.
RTTNews | 3 days ago
U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by U.S. producer prices in month of August. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after climbing by a downwardly revised 0.7 percent in July.
RTTNews | 3 days ago
U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.
RTTNews | 3 days ago