The dollar pushed lower against other major currencies on Friday, as a weak report on U.S. consumer sentiment followed a batch of disappointing housing sector data, sparking fresh concerns over the strength of the economy.
In a preliminary report, the University of Michigan said its consumer sentiment index fell to 94.5 in June from...
The dollar remained broadly lower against other major currencies on Friday, after the release of disappointing U.S. data overshadowed the previous session’s more positive economic reports.
The U.S. Commerce Department said housing starts decreased by 5.5% in May to hit 1.092 million units from April’s revised total of 1.156...
The dollar climbed to two-week highs against other major currencies on Thursday, as a string of upbeat U.S. data and the Federal Reserve’s decision to raise interest rates continued to support.
EUR/USD dropped 0.64% to 1.1146, the lowest since May 30.
The U.S. Department of Labor reported on Thursday that initial jobless claims...
The dollar held onto gains against other major currencies on Friday, hovering at a one-and-a-half week high as markets had largely priced in the information given in former FBI director James Comey’s testimony and as global geopolitical worries continued to subside.
EUR/USD slipped 0.28% to 1.1179, the lowest since May 31.
The dollar fell to seven month lows against a currency basket on Friday after a poor U.S. employment report added to uncertainty over the outlook for rate hikes by the Federal Reserve in the second half of the year.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major...
Market Drivers May 31, 2017
Cable stays heavy on election woes
EZ data in mixed
Nikkei 0.14% Dax -0.08%
Europe and Asia
AUD Private Sector Credit 0.4% vs. 0.4%
EUR German Retail Sales -0.2% vs. 0.2%
EUR German Unemployment -9K vs. -15K
GBP Mortgage Approvals 64.6K vs. 66K
The dollar index pushed lower and hit a one-week trough against other major currencies on Wednesday, after the release of downbeat U.S. housing sector data dampened optimism over the strength of the economy.
EUR/USD gained 0.52% to 1.1243, off session lows of 1.1165.
The National Association of Realtors said pending home sales...
By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.
We are coming off the heels of an interesting week for the U.S. dollar. The greenback hit a near-term bottom against European currencies but struggled to hold onto its gains versus the Japanese yen and commodity currencies. The mighty buck lost its luster after...
The dollar reached one-week highs against other major currencies on Friday, as strong U.S. economic growth data overshadowed a disappointing report on U.S. consumer sentiment.
EUR/USD slid 0.32% to 1.1173, off session highs of 1.1235.
In a revised report, the University of Michigan said its consumer sentiment index hit 97.1 in May,...