FOREX TradingCharts.com

Forex News: Dollar Little Changed After Early Gains Erode

Dollar Little Changed After Early Gains Erode

05/08/2018 - 14:48:00 (RTTNews)

(RTTNews) - The dollar posted early gains against its major rivals Tuesday, but has slipped back near the unchanged line in the afternoon.

President Trump announced this afternoon that he plans to withdraw from the Iran nuclear deal and initiate new sanctions.

"I am announcing today that the United States will withdraw from the Iran nuclear deal," Trump stated.

"The Iran deal is defective at its core. If we do nothing we know exactly what will happen," he added.

The dollar climbed to over a 4-month high of $1.1837 against the Euro Tuesday, but has since eased back to around $1.1865.

Germany's exports increased for the first time in four months in March, while imports continued to drop, figures from Destatis showed Tuesday.

Exports climbed 1.7 percent on month, in contrast to a 3.1 percent fall in February. Shipments were expected to grow 1.8 percent. This was the first increase since November 2017.

Meanwhile, imports slid 0.9 percent after declining 1.4 percent a month ago. Economists had forecast a 1 percent rise.

As a result, the trade surplus increased to a seasonally adjusted EUR 22 billion from EUR 19.4 billion in February.

Germany's industrial production recovered in March, provisional data from Destatis showed Tuesday. Industrial production grew by more-than-expected 1 percent month-on-month in March, reversing a 1.7 percent fall in February. Output was forecast to grow 0.8 percent.

The buck rose to an early high of $1.3483 against the pound sterling Tuesday, but has since retreated to around $1.3545.

UK house prices decreased for the first time in three months in April, data from the Lloyds bank subsidiary Halifax and IHS Markit showed Tuesday.

House prices declined 3.1 percent in April from March, when they rose 1.6 percent, reflecting the volatility in the short term monthly measure. Prices were forecast to fall marginally by 0.2 percent in April. This was the first decrease in three months.

The greenback reached a high of Y109.350 against the Japanese Yen this morning, but has since pulled back to around Y108.890.

The average of household spending in Japan was down 0.7 percent on year in March, the Ministry of Internal Affairs and Communications said on Tuesday, coming in at 301,230 yen. That missed forecasts for an increase of 1.1 percent following the downwardly revised 0.9 percent decline in February.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Dollar Little Changed After U.S. Existing Home Sales (01 hr(s), 55 min(s) ago)
(RTTNews) - After the release of U.S. existing home sales for April at 10.00 am ET Thursday, the g ...Full Story»

Dollar Mixed Ahead Of U.S. Existing Home Sales (02 hr(s), 04 min(s) ago)
(RTTNews) - National Association of Realtors' Existing Home Sales for April will be released a ...Full Story»

Euro Eases As ECB Members See Increased Uncertainty To Eurozone Outlook (02 hr(s), 31 min(s) ago)
(RTTNews) - The euro retreated from its early highs against its major counterparts in the European ...Full Story»

Dollar Little Changed After Weekly Jobless Claims (03 hr(s), 24 min(s), 59 sec(s) ago)
(RTTNews) - The U.S. weekly jobless claims for the week ended May 19 have been released at 8:30 am ...Full Story»

Dollar Mixed Ahead Of Weekly Jobless Claims (03 hr(s), 31 min(s) ago)
(RTTNews) - The U.S. weekly jobless claims for the week ended May 19 are due at 8:30 am ET Thursda ...Full Story»

Euro Falls After ECB Minutes (04 hr(s), 24 min(s), 59 sec(s) ago)
(RTTNews) - At 7.30 am ET Thursday, the European Central Bank has published the minutes of April 2 ...Full Story»

Euro Eases Ahead Of ECB Minutes (04 hr(s), 31 min(s) ago)
(RTTNews) - At 7.30 am ET Thursday, the European Central Bank is set to publish the minutes of Apr ...Full Story»

Pound Advances As U.K. Retail Sales Rebound (06 hr(s), 31 min(s) ago)
(RTTNews) - The pound climbed against its major counterparts in the European session on Thursday, ...Full Story»

Search

FOREX NEWS

Dollar Little Changed After U.S. Existing Home Sales

05/24/2018 - 10:03 AM (RTTNews)
(RTTNews) - After the release of U.S. existing home sales for April at 10.00 am ET Thursday, the g ...Full Story>>

Dollar Mixed Ahead Of U.S. Existing Home Sales

05/24/2018 - 09:55 AM (RTTNews)
(RTTNews) - National Association of Realtors' Existing Home Sales for April will be released a ...Full Story>>

Euro Eases As ECB Members See Increased Uncertainty To Eurozone Outlook

05/24/2018 - 09:29 AM (RTTNews)
(RTTNews) - The euro retreated from its early highs against its major counterparts in the European ...Full Story>>

Dollar Little Changed After Weekly Jobless Claims

05/24/2018 - 08:32 AM (RTTNews)
(RTTNews) - The U.S. weekly jobless claims for the week ended May 19 have been released at 8:30 am ...Full Story>>

Dollar Mixed Ahead Of Weekly Jobless Claims

05/24/2018 - 08:28 AM (RTTNews)
(RTTNews) - The U.S. weekly jobless claims for the week ended May 19 are due at 8:30 am ET Thursda ...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.