FOREX TradingCharts.com

Forex News: Dollar Little Changed After Recovering From Early Weakness

Dollar Little Changed After Recovering From Early Weakness

06/04/2018 - 14:14:00 (RTTNews)

(RTTNews) - The dollar got off to a weak start against its major rivals Monday, but has since recovered some lost ground. The buck is currently turning in a mixed performance, but remains little changed overall.

There has been little market moving news at the start of the new trading week. Political tensions continue to relax in Italy and Spain and things remain rather quiet on the economic front.

After reporting a sharp increase in new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Monday showing factory orders pulled back by more than expected in the month of April.

The Commerce Department said factory orders fell by 0.8 percent in April after spiking by an upwardly revised 1.7 percent in March. Economists had expected factory orders to drop by 0.5 percent compared to the 1.6 percent jump originally reported for the previous month.

The dollar dropped to an early low of $1.1744 against the Euro Monday, but has since bounced back to around $1.17.

Eurozone investor sentiment deteriorated sharply in June largely reflecting political uncertainties in Italy, survey data from think tank Sentix showed Monday. The investor confidence index slid to 9.3 in June from 19.2 in May. This was the lowest score since October 2016 and below the expected level of 19.0.

Eurozone producer prices climbed at a slightly slower pace in April, Eurostat reported Monday. Producer price inflation came in at 2 percent in April versus 2.1 percent in March. Prices were forecast to increase 2.4 percent.

The buck slid to a low of $1.3398 against the pound sterling Monday morning, but has since rebounded to around $1.3325.

UK construction activity logged a moderate growth in May with the pace of expansion matching that seen in April, survey data from IHS Markit and the Chartered Institute of Procurement & Supply showed Monday.

The construction Purchasing Managers' Index held steady at 52.5 in May. A score above 50 indicates expansion. Economists had forecast the index to drop to 51.8.

The greenback dipped to an early low of Y109.366 against the Japanese Yen Monday, but has since risen to around Y109.700.

The monetary base in Japan was up 8.1 percent on year in May, the Bank of Japan said on Monday, coming in at 492.969 trillion yen. That follows the 7.8 percent increase in April

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


Canadian Dollar Declines As Oil Prices Slide Amid Trade Fears (03 hr(s), 16 min(s), 57 sec(s) ago)
(RTTNews) - The Canadian dollar dropped against its major counterparts in early New York deals on ...Full Story»

Dollar Little Changed After U.S. Housing Starts Data (05 hr(s), 13 min(s), 57 sec(s) ago)
(RTTNews) - The Commerce and the Housing & Urban Development department's Housing Starts d ...Full Story»

Dollar Mixed Ahead Of U.S. Housing Starts Data (05 hr(s), 22 min(s), 57 sec(s) ago)
(RTTNews) - The Commerce and the Housing & Urban Development department's Housing Starts d ...Full Story»

Indian Rupee Falls To Near 4-week Low Versus U.S. Dollar (06 hr(s), 04 min(s), 57 sec(s) ago)
(RTTNews) - The Indian rupee declined against the U.S. dollar in evening deals on Tuesday, as regi ...Full Story»

Euro Slips As Draghi Says ECB To Be Patient On Timing Of First Rate Hike (07 hr(s), 10 min(s), 57 sec(s) ago)
(RTTNews) - The euro drifted lower against its major counterparts in the European session on Tuesd ...Full Story»

Yen Strengthens Amid Risk Aversion (10 hr(s), 04 min(s), 57 sec(s) ago)
(RTTNews) - The Japanese yen gained ground against its major counterparts in the Asian session on ...Full Story»

Dollar Trading Mixed As Trade Concerns Remain In Focus (37 min(s), 03 sec(s) ago)
(RTTNews) - The dollar is turning in a mixed performance Monday afternoon, but remains little chan ...Full Story»

Dollar Mixed After NAHB Housing Market Index (03 hr(s), 40 min(s), 56 sec(s) ago)
(RTTNews) - Following the release of NAHB housing market index for June at 10.00 am ET Monday, the ...Full Story»

Search

FOREX NEWS

Canadian Dollar Declines As Oil Prices Slide Amid Trade Fears

06/19/2018 - 10:32 AM (RTTNews)
(RTTNews) - The Canadian dollar dropped against its major counterparts in early New York deals on ...Full Story>>

Dollar Little Changed After U.S. Housing Starts Data

06/19/2018 - 08:33 AM (RTTNews)
(RTTNews) - The Commerce and the Housing & Urban Development department's Housing Starts d ...Full Story>>

Dollar Mixed Ahead Of U.S. Housing Starts Data

06/19/2018 - 08:25 AM (RTTNews)
(RTTNews) - The Commerce and the Housing & Urban Development department's Housing Starts d ...Full Story>>

Indian Rupee Falls To Near 4-week Low Versus U.S. Dollar

06/19/2018 - 07:43 AM (RTTNews)
(RTTNews) - The Indian rupee declined against the U.S. dollar in evening deals on Tuesday, as regi ...Full Story>>

Euro Slips As Draghi Says ECB To Be Patient On Timing Of First Rate Hike

06/19/2018 - 06:38 AM (RTTNews)
(RTTNews) - The euro drifted lower against its major counterparts in the European session on Tuesd ...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.