FOREX TradingCharts.com

Forex News: Dollar Little Changed After Paring Early Losses

Dollar Little Changed After Paring Early Losses

11/27/2017 - 13:59:00 (RTTNews)

(RTTNews) - The dollar got off to a weak start against its major rivals Monday morning, but has since pared its early losses. The buck is turning in a mixed performance this afternoon, but is little changed overall.

Traders are awaiting congressional testimony from both Federal Reserve Chair nominee Jerome Powell and current Fed Chair Janet Yellen this week.

The Senate Banking Committee is due to hold a confirmation hearing for Powell on Tuesday, while Yellen is scheduled to testify on the economic outlook before the Congressional Joint Economic Committee on Wednesday.

For the second consecutive month, the Commerce Department has released a report showing an unexpected jump in new home sales in the U.S. The report released by the Commerce Department on Monday showed new home sales surged up by 6.2 percent to an annual rate of 685,000 in October from the revised September rate of 645,000.

The notable increase surprised economists, who had expected new home sales to drop to a rate of 625,000 from the 667,000 originally reported for the previous month.

The dollar fell to over a 2-month low of $1.1961 against the Euro Monday morning, but has since bounced back to around $1.19.

Italy's economic confidence weakened in November, survey data from the statistical office Istat showed Monday. The economic sentiment index fell to 108.8 in November from 109.1 in the previous month.

The buck fell to nearly a 2-month low of $1.3382 against the pound sterling this morning, but has since rebounded to around $1.3325.

The greenback tumbled to a 2-month low of Y110.838 against the Japanese Yen, but has since recovered to around Y111.080.

Producer prices in Japan were up 0.8 percent on year in October, the Bank of Japan said on Monday. That was shy of expectations for an increase of 0.9 percent, which would have been unchanged from the September reading.

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 Little Changed As Investors Await Central Bank Announcements (26 min(s), 49 sec(s) ago)
(RTTNews) - The dollar is turning in a mixed performance against its major rivals Monday afternoon ...Full Story»

Canadian Dollar Falls As Oil Prices Drop (47 min(s), 50 sec(s) ago)
(RTTNews) - The Canadian dollar declined against its major counterparts in the European session on ...Full Story»

Canadian Dollar Falls Against Majors (29 min(s), 49 sec(s) ago)
(RTTNews) - Reversing direction, the Canadian dollar weakened against its major counterparts in ea ...Full Story»

Euro Advances Against Majors (05 min(s), 49 sec(s) ago)
(RTTNews) - The euro rose against its major counterparts in the early European session on Monday. ...Full Story»

Euro Little Changed After Italy Retail Sales Data (35 min(s), 49 sec(s) ago)
(RTTNews) - Italy's statistical office Istat has released the retail sales data for October. ...Full Story»

Euro Mixed Ahead Of Italy Retail Sales Data (26 min(s), 49 sec(s) ago)
(RTTNews) - At 4:00 am ET Monday, Italy's statistical office Istat is slated to release retail ...Full Story»

Yen Little Changed Following Japan Machine Tool Orders Data (18 min(s), 10 sec(s) ago)
(RTTNews) - Following the release of preliminary report of Japan machine tool orders for November ...Full Story»

Yen Falls Ahead Of Japan Machine Tool Orders (33 min(s), 11 sec(s) ago)
(RTTNews) - At 1:00 AM ET Monday, JMTBA is scheduled to release Japan machine tool orders for Nove ...Full Story»

Search

FOREX NEWS

Dollar Little Changed As Investors Await Central Bank Announcements

12/11/2017 - 14:56 PM (RTTNews)
(RTTNews) - The dollar is turning in a mixed performance against its major rivals Monday afternoon ...Full Story>>

Canadian Dollar Falls As Oil Prices Drop

12/11/2017 - 07:17 AM (RTTNews)
(RTTNews) - The Canadian dollar declined against its major counterparts in the European session on ...Full Story>>

Canadian Dollar Falls Against Majors

12/11/2017 - 05:59 AM (RTTNews)
(RTTNews) - Reversing direction, the Canadian dollar weakened against its major counterparts in ea ...Full Story>>

Euro Advances Against Majors

12/11/2017 - 04:33 AM (RTTNews)
(RTTNews) - The euro rose against its major counterparts in the early European session on Monday. ...Full Story>>

Euro Little Changed After Italy Retail Sales Data

12/11/2017 - 04:04 AM (RTTNews)
(RTTNews) - Italy's statistical office Istat has released the retail sales data for October. ...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.