FOREX TradingCharts.com

Forex News: Dollar Little Changed On Light Data Day

Dollar Little Changed On Light Data Day

07/09/2018 - 14:55:00 (RTTNews)

(RTTNews) - The dollar is turning in a mixed performance against its major rivals Monday afternoon, but remains little changed overall. The lack of U.S. economic data is keeping some investors on the sidelines at the start of the new trading week. Things will begin to pick up on the economic front beginning Wednesday, with the release of the producer price index and wholesale trade data.

The dollar dropped to an early low of $1.1790 against the Euro Monday, but has since rebounded to around $1.1750.

Eurozone investor sentiment improved in July after a sharp slide in June, survey data from think tank Sentix showed Monday. The investor confidence index rose unexpectedly to 12.1 in July from 9.3 in June. The expected score was 9.0.

German exports rebounded from April despite trade war disputes, but imports growth weakened in May.

Exports grew by a more-than-expected 1.8 percent on a monthly basis in May, reversing a 0.3 percent drop in April, figures from Destatis showed Monday. Shipments were expected to gain 0.7 percent.

Meanwhile, imports rose at a slower pace of 0.7 percent after climbing 2.6 percent in the previous month. Nonetheless, this was the second consecutive rise and confounded economists' expectations for a 0.5 percent fall.

Consequently, the trade surplus rose to a seasonally adjusted EUR 20.3 billion in May from EUR 19 billion in April.

France's economy is set to expand as previously estimated in the second quarter, according to a monthly survey from Bank of France.

The central bank forecast 0.3 percent growth for the second quarter, the same rate as estimated previously.

U.K. foreign secretary Boris Johnson resigned from his position, in the wake of conflict in the Cabinet over Brexit.

Boris Johnson's resignation put Theresa May's government into more chaos, amid her attempts to keep the UK within the single market and customs union.

It follows the resignation of Brexit secretary David Davis on Sunday. Investors interpreted Davis departure as an indication that a soft Brexit has become more likely.

The buck climbed to a high of $1.3188 against the pound sterling Monday, but has since eased back to around $1.3250.

The Bank of Japan maintained its assessment for all nine economic regions on Monday, according to Regional Economic Report, released Monday.

Six regions, namely Hokuriku, Kanto-Koshinetsu, Tokai, Kinki, Chugoku, and Kyushu-Okinawa, reported that their economy had been expanding or expanding moderately.

At the same time, Hokkaido, Tohoku, and Shikoku noted that the economy had continued to recover moderately.

The greenback has climbed to around Y110.840 against the Japanese Yen Monday, from an early low of Y110.302.

Overall bank lending in Japan was up 2.2 percent on year in June, the Bank of Japan said on Monday - coming in at 524.847 trillion yen. That follows the 2.0 percent gain in May.

Japan had a current account surplus of 1,938.3 billion yen in May, the Ministry of Finance said on Monday. That topped expectations for a surplus of 1,266.0 billion yen and was up from 1,845.1 billion yen in April.

A measure of peoples' assessment of the Japanese economy improved in June, in line with expectations, survey figures from the Cabinet Office showed Monday. The current index of Economy Watchers' survey rose to 48.1 in June from 47.1 in May.

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


U.S. Dollar Extends Decline After Fed Bullard Suggests To Put Off Hikes (01 hr(s), 0 min(s),40 sec(s) ago)
(RTTNews) - The U.S. dollar extended its early slide against its major counterparts in the New Yor ...Full Story»

Canadian Dollar Climbs After Strong Inflation, Retail Sales Data (02 hr(s), 12 min(s), 40 sec(s) ago)
(RTTNews) - The Canadian dollar strengthened against its major counterparts in early New York deal ...Full Story»

Loonie Advances After Canada Retail Sales, Consumer Inflation (03 hr(s), 30 min(s), 40 sec(s) ago)
(RTTNews) - Canada retail sales for May and consumer inflation for June have been released from St ...Full Story»

Loonie Mixed Ahead Of Canada Retail Sales, Consumer Inflation (03 hr(s), 33 min(s), 40 sec(s) ago)
(RTTNews) - Canada retail sales for May and consumer inflation for June are due from Statistics Ca ...Full Story»

Canadian Dollar Advances Against Most Majors (04 hr(s), 45 min(s), 40 sec(s) ago)
(RTTNews) - The Canadian dollar climbed against its most major counterparts in the European sessio ...Full Story»

Pound Little Changed After U.K. Public Sector Finance Data (07 hr(s), 24 min(s), 40 sec(s) ago)
(RTTNews) - Following the release of U.K. public sector finance data for June at 4:30 am ET Friday ...Full Story»

U.S. Dollar Falls On Trump's Comments (08 hr(s), 0 min(s),40 sec(s) ago)
(RTTNews) - The U.S. dollar slipped against its major counterparts in the Asian session on Friday, ...Full Story»

Euro Rises Slightly After German PPI (09 hr(s), 57 min(s), 40 sec(s) ago)
(RTTNews) - Destatis has released German producer prices for June at 2:00 am ET Friday. Afte ...Full Story»

Search

FOREX NEWS

U.S. Dollar Extends Decline After Fed Bullard Suggests To Put Off Hikes

07/20/2018 - 11:00 AM (RTTNews)
(RTTNews) - The U.S. dollar extended its early slide against its major counterparts in the New Yor ...Full Story>>

Canadian Dollar Climbs After Strong Inflation, Retail Sales Data

07/20/2018 - 09:50 AM (RTTNews)
(RTTNews) - The Canadian dollar strengthened against its major counterparts in early New York deal ...Full Story>>

Loonie Advances After Canada Retail Sales, Consumer Inflation

07/20/2018 - 08:32 AM (RTTNews)
(RTTNews) - Canada retail sales for May and consumer inflation for June have been released from St ...Full Story>>

Loonie Mixed Ahead Of Canada Retail Sales, Consumer Inflation

07/20/2018 - 08:27 AM (RTTNews)
(RTTNews) - Canada retail sales for May and consumer inflation for June are due from Statistics Ca ...Full Story>>

Canadian Dollar Advances Against Most Majors

07/20/2018 - 07:15 AM (RTTNews)
(RTTNews) - The Canadian dollar climbed against its most major counterparts in the European sessio ...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.