FOREX TradingCharts.com

Forex News: Dollar Climbing After Reversing Early Losses

Dollar Climbing After Reversing Early Losses

10/16/2017 - 14:45:00 (RTTNews)

(RTTNews) - The dollar got off to a weak start to the new trading week, but has since recovered and is now up slightly against all of its major rivals. Economic data was on the light side this morning, but the one U.S. report that investors received came in better than anticipated.

A report released by the Federal Reserve Bank of New York on Monday said manufacturing firms in New York reported that business activity continued to expand strongly in the month of October. The New York Fed said its general business conditions index climbed to 30.2 in October from 24.4 in September, with a positive reading indicating growth in regional manufacturing activity.

The increase came as a surprise to economists, who had expected the New York manufacturing index to drop to 20.7.

Traders are looking forward to the release of industrial production Tuesday morning, along with homebuilder confidence and import and export prices.

The dollar slipped to a low of $1.1819 against the Euro Monday, but has since bounced back to around $1.1790.

The euro area trade surplus increased in August on exports, data from Eurostat showed Monday. The trade surplus rose to a seasonally adjusted EUR 21.6 billion in August from EUR 17.9 billion in July.

Germany's wholesale price inflation rose to a five-month high in September, data from Destatis revealed Monday. Wholesale prices advanced 3.4 percent year-on-year in September, following a 3.2 percent rise in August. This was the fastest increase since April, when prices climbed 4.7 percent.

The buck slid to an early low of $1.3311 against the pound sterling Monday, but has since rebounded to around $1.3235.

The average asking price for a house in the United Kingdom was up 1.1 percent on month in October, property tracking website Rightmove said on Monday. That follows the 1.2 percent monthly decline in September.

The greenback dipped to a low of Y111.648 against the Japanese Yen Monday morning, but has since climbed to around Y112.140.

Japan's industrial production increased less than initially estimated in August, latest figures from the Ministry of Economy, Trade and Industry showed on Monday. Industrial production rose a seasonally adjusted 2.0 percent monthly in August instead of a 2.1 percent climb reported earlier. This was followed by a 0.8 percent drop in the previous month.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Dollar Drops Against Euro On Strong German Data (49 min(s), 45 sec(s) ago)
(RTTNews) - The dollar is turning in a mixed performance against its major rivals Friday afternoon ...Full Story»

Canadian Dollar Climbs On Higher Oil Prices (31 min(s), 45 sec(s) ago)
(RTTNews) - The Canadian dollar advanced against its key counterparts in the European session on F ...Full Story»

Canadian Dollar Climbs Against Majors (37 min(s), 45 sec(s) ago)
(RTTNews) - The Canadian dollar advanced against its key counterparts in the European session on F ...Full Story»

Euro Advances As German Business Confidence Improves (04 min(s), 45 sec(s) ago)
(RTTNews) - The euro advanced against its major counterparts in early European deals on Friday, as ...Full Story»

Euro Little Changed Following German Ifo Business Confidence Data (25 min(s), 45 sec(s) ago)
(RTTNews) - At 4.00 am ET Friday, Germany's Ifo business sentiment survey data has been releas ...Full Story»

Euro Mixed Ahead Of German Ifo Business Confidence Data (16 min(s), 45 sec(s) ago)
(RTTNews) - At 4.00 am ET Friday, Germany's Ifo business sentiment survey data is due. The con ...Full Story»

Franc Little Changed After Swiss Industrial Production (40 min(s), 45 sec(s) ago)
(RTTNews) - Following the release of Swiss industrial output data for the third quarter at 3.15 am ...Full Story»

Franc Mixed Ahead Of Swiss Industrial Production (31 min(s), 46 sec(s) ago)
(RTTNews) - At 3.15 am ET Friday, the Federal Statistical Office is set to publish Swiss industria ...Full Story»

Search

FOREX NEWS

Dollar Drops Against Euro On Strong German Data

11/24/2017 - 12:29 PM (RTTNews)
(RTTNews) - The dollar is turning in a mixed performance against its major rivals Friday afternoon ...Full Story>>

Canadian Dollar Climbs On Higher Oil Prices

11/24/2017 - 09:09 AM (RTTNews)
(RTTNews) - The Canadian dollar advanced against its key counterparts in the European session on F ...Full Story>>

Canadian Dollar Climbs Against Majors

11/24/2017 - 08:15 AM (RTTNews)
(RTTNews) - The Canadian dollar advanced against its key counterparts in the European session on F ...Full Story>>

Euro Advances As German Business Confidence Improves

11/24/2017 - 05:42 AM (RTTNews)
(RTTNews) - The euro advanced against its major counterparts in early European deals on Friday, as ...Full Story>>

Euro Little Changed Following German Ifo Business Confidence Data

11/24/2017 - 04:03 AM (RTTNews)
(RTTNews) - At 4.00 am ET Friday, Germany's Ifo business sentiment survey data has been releas ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.