Author Topic: Forex News Feed - Dollar Trims Losses, Holds Steady Vs. Rivals  (Read 130 times)

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Forex News Feed - Dollar Trims Losses, Holds Steady Vs. Rivals
« on: November 15, 2017, 05:38:25 PM »
The dollar trimmed losses considering to supplementary major currencies on speaking Wednesday, helped by the pardon of unlimited U. S.  economic reports, although the greenback remained within oppressive push away of a three-week trough in the middle of ongoing U. S.  political jitters.
The U. S.  Commerce Department said consumer prices rose 0. 1% in October, in parentage gone forecasts.
A surgically remove version showed that U. S.  retail sales increased by 0. 2% last month, just above expectations for a more modest profit of 0. 1%.
On a less certain note however, the New York Federal Reserve reported that its Empire State manufacturing index fell 11 points to 91. 4 in November, compared to analysts predict for a reading of 26. 00.
The greenback has been out cold pressure recently in the midst of uncertainty on summit of the fate of a major U. S.  tax overhaul.
The U. S.  dollar index, which trial the greenbacks strength investigative of a trade-weighted basket of six major currencies, was steady at 93. 67 by 10:50 a. m.  ET (14:50 GMT), off a three-week low of 93. 31 hit earlier in the daylight.
EUR/USD was occurring 0. 13% at 1. 1812, after climbing to a three-week high of 1. 1860 earlier in the session, even though GBP/USD eased happening 0. 09% to 1. 3178.
The euro remained broadly supported after solid euro zone lump data on the order of Tuesday offered attachment evidence that the regions economic recovery remains in story to track, supporting the European Central Bank's assume to begin reducing its bond-buying program.
Last month the ECB said it would save its sticking to buying program in place late into neighboring year but condense the size of its monthly purchases, a policy shift signaling it is upon track to eventually raising assimilation rates.
In the UK, data showed that wage folder remained sluggish, even if the unemployment rate remained steady at a 42-year low in September.
Elsewhere, USD/JPY dropped 0. 38% to 113. 02, though USD/CHF slipped 0. 18% to 0. 9877.
Data earlier showed that Japan's economy grew faster than customary in the third quarter thanks to hermetic exports, posting the longest era of uninterrupted related in greater than a decade.
The Australian dollar was weaker, when AUD/USD the length of 0. 59% at 0. 7586, though NZD/USD was as regards unchanged at 0. 6879.
Meanwhile, USD/CAD gained 0. 38% to trade at 1. 2781.

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Forex News Feed - Dollar Trims Losses, Holds Steady Vs. Rivals
« on: November 15, 2017, 05:38:25 PM »

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