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Dollar Slightly Down After U.S. PPI
(RTTNews) - Following the release of U.S. producer prices for May at 8:30 am ET Tuesday, the greenback fell slightly against its major counterparts.
The greenback was trading at 134.39 against the yen, 1.0460 against the euro, 1.2089 against the pound and 0.9940 against the franc around 8:33 am ET.
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Swiss Franc Rises Against Majors
The Swiss franc climbed against its major counterparts in the New York session on Wednesday.
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Euro Rises Against Majors
The euro strengthened against other major currencies in the European session on Wednesday.
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Yen Slides Amid Risk-on Mood
The Japanese yen weakened against other major currencies in the Asian session on Wednesday amid increased risk-on by the investors, as traders react to China's central bank saying it would cut its key policy rate by 10 basis points and lower the reserve requirement ratio by 50 basis points to boost growth. There is also confirmation that U.S. and Chinese officials are set to start formal trade talks this week.
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Yen Slides Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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U.S. Dollar Declines Against Majors
The U.S. dollar fell against its major counterparts in the New York session on Tuesday, as investors awaited monetary policy decision from the Federal Reserve due on Wednesday.
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Yen Rises Amid Risk-off Mood
The Japanese yen strengthened against other major currencies in the European on Tuesday, as European stocks traded lower as investors assessed the latest batch of earnings and awaited upcoming Fed and BoE meetings.
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Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the European on Tuesday.
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Pound Weakens In Cautious Trade
The pound dropped against its most major counterparts in the New York session on Monday amid renewed trade concerns, as President Donald Trump announced plans to impose a 100 percent tariff on movies produced in foreign countries.
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