FOREX TradingCharts.com

Forex News: Dollar Little Changed Despite Weak Durable Goods Data

Dollar Little Changed Despite Weak Durable Goods Data

06/26/2017 - 14:33:00 (RTTNews)

(RTTNews) - The dollar is turning in a mixed performance Monday afternoon, but is little changed overall. Economic data was on the light side at the start of the new trading week, but what little there was proved weaker than anticipated.

New orders for U.S. manufactured durable goods fell by more than expected in the month of May, according to a report released by the Commerce Department on Monday. The report said durable goods orders tumbled by 1.1 percent in May after slumping by 0.9 percent in April. Economists had expected orders to drop by 0.6 percent.

The dollar fell to over a 1-week low of $1.1219 against the Euro Monday morning, but has since bounced back to around $1.1190.

German business confidence strengthened to a record high in June, breaking last month's record, as companies were more satisfied with their current situation amid improved outlook.

The business confidence index rose unexpectedly to 115.1 in June from 114.6 in May, survey data from the Munich-based Ifo institute showed Monday. The score reached its highest level on record since 1991. The reading was forecast to fall to 114.4.

The buck fell to an early low of $1.2759 against the pound sterling Monday, but has since rebounded to around $1.2720.

UK mortgage approvals declined to an eight-month low in May, the British Bankers' Association reported Monday. The number of mortgages approved in May totaled 40,347, the lowest since September 2016. Economists had forecast approvals to drop to 40,250 from 40,686 in April.

The greenback has climbed to around Y111.680 against the Japanese Yen Monday afternoon, from an early low of Y111.206.

Producer prices in Japan were up 0.7 percent on year in May, the Bank of Japan said on Monday. That was in line with expectations and down from the upwardly revised 0.8 percent increase in April.

Japan's leading index declined more than initially estimated in April, latest figures from the Cabinet Office showed Monday. The leading index, which measures the future economic activity, dropped to 104.2 in April from 105.7 in March. The reading for April was revised down from 104.5.

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 Paring Early Gains After Mixed Economic Reports (04 hr(s), 09 min(s), 52 sec(s) ago)
(RTTNews) - The dollar has begun to give back some of its early gains against the Euro and the Bri ...Full Story»

U.S. Dollar Strengthens As Durable Goods Orders Rise More Than Forecast (07 hr(s), 57 min(s), 53 sec(s) ago)
(RTTNews) - The U.S. dollar spiked up against its major counterparts in early New York deals on Th ...Full Story»

Turkish Lira Rises To 6-day High Vs U.S. Dollar After Turkey Rate Decision (09 hr(s), 09 min(s), 53 sec(s) ago)
(RTTNews) - The Turkish Lira climbed against the U.S. dollar in the European session on Thursday, ...Full Story»

Dollar Mixed After U.S. Economic Data (10 hr(s), 0 min(s),53 sec(s) ago)
(RTTNews) - Following the release of U.S. weekly jobless claims for the week ended July 22, durabl ...Full Story»

Dollar Mixed Ahead Of U.S. Economic Data (10 hr(s), 06 min(s), 53 sec(s) ago)
(RTTNews) - The U.S. weekly jobless claims for the week ended July 22, durable goods orders and ad ...Full Story»

Canadian Dollar Advances As Oil Prices Rise (10 hr(s), 27 min(s), 53 sec(s) ago)
(RTTNews) - The Canadian dollar climbed against its most major counterparts in the European sessio ...Full Story»

Swiss Franc Falls Against Majors (13 hr(s), 54 min(s), 53 sec(s) ago)
(RTTNews) - The Swiss franc weakened against other major currencies in the early European session ...Full Story»

U.S. Dollar Weakens After Dovish Fed Statement (14 hr(s), 42 min(s), 52 sec(s) ago)
(RTTNews) - The U.S. dollar slipped against its major counterparts in the Asian session on Thursda ...Full Story»

Search

FOREX NEWS

Dollar Paring Early Gains After Mixed Economic Reports

07/27/2017 - 14:25 PM (RTTNews)
(RTTNews) - The dollar has begun to give back some of its early gains against the Euro and the Bri ...Full Story>>

U.S. Dollar Strengthens As Durable Goods Orders Rise More Than Forecast

07/27/2017 - 10:38 AM (RTTNews)
(RTTNews) - The U.S. dollar spiked up against its major counterparts in early New York deals on Th ...Full Story>>

Turkish Lira Rises To 6-day High Vs U.S. Dollar After Turkey Rate Decision

07/27/2017 - 09:25 AM (RTTNews)
(RTTNews) - The Turkish Lira climbed against the U.S. dollar in the European session on Thursday, ...Full Story>>

Dollar Mixed After U.S. Economic Data

07/27/2017 - 08:35 AM (RTTNews)
(RTTNews) - Following the release of U.S. weekly jobless claims for the week ended July 22, durabl ...Full Story>>

Dollar Mixed Ahead Of U.S. Economic Data

07/27/2017 - 08:27 AM (RTTNews)
(RTTNews) - The U.S. weekly jobless claims for the week ended July 22, durable goods orders and ad ...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.