FOREX TradingCharts.com

Forex News: Dollar Little Changed On Trade Data

Dollar Little Changed On Trade Data

06/06/2018 - 15:23:00 (RTTNews)

(RTTNews) - The dollar is turning in a mixed performance against its major rivals Wednesday afternoon, but remains little changed overall. The buck has recovered some of its early losses against its major European rivals and is modestly higher against the Japanese Yen.

Traders remain in a cautious mood ahead to the G-7 summit in Canada this week as well as the planned meeting between President Donald Trump and North Korean leader Kim Jong Un next week.

Amid ongoing concerns about a global trade war, the Commerce Department released a report on Wednesday showing the U.S. trade deficit unexpectedly narrowed in the month of April. The Commerce Department said the trade deficit narrowed to $46.2 billion in April from a revised $47.2 billion in March.

Economists had expected the deficit to come in unchanged compared to the $49.0 billion originally reported for the previous month.

Labor productivity in the U.S. increased by less than previously estimated in the first quarter, according to a report released by the Labor Department on Wednesday.

The report said labor productivity rose by 0.4 percent in the first quarter compared to the previously estimated 0.7 percent growth. Economists had expected the increase in productivity to be downwardly revised to 0.6 percent.

Meanwhile, the rate of growth in unit labor costs in the first quarter was upwardly revised to 2.9 percent from 2.7 percent. The increase in costs had been expected to be revised to 2.8 percent.

The European Central Bank will reportedly begin discussing winding down its bond-buying program when it meets next week in Latvia.

The dollar dropped to nearly a 2-week low of $1.1795 against the Euro Wednesday, but has since bounced back to around $1.1765.

Germany's construction sector activity expanded at the fastest pace in four months in May, survey data from IHS Markit showed Wednesday. The construction Purchasing Managers' Index rose to 53.9 in May from 50.9 in April. Any reading above 50 indicates expansion in the sector.

The buck fell to a low of $1.3442 against the pound sterling Wednesday, but has since rebounded to around $1.3410.

The greenback has risen to around Y110.175 against the Japanese Yen this afternoon, from an early low of Y109.789.

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 Falling After Paring Early Gains (35 min(s), 14 sec(s) ago)
(RTTNews) - The dollar got off to a positive start to the new trading week. However, the buck pare ...Full Story»

Dollar Little Changed After U.S. New Home Sales (05 hr(s), 32 min(s), 14 sec(s) ago)
(RTTNews) - Following the release of U.S. new home sales for May at 10:00 am ET Monday, the greenb ...Full Story»

Dollar Mixed Ahead Of U.S. New Home Sales (05 hr(s), 38 min(s), 14 sec(s) ago)
(RTTNews) - At 10:00 am ET Monday, the Commerce Department is scheduled to release its report on n ...Full Story»

U.S. Dollar Falls On Rising Trade Worries (08 hr(s), 32 min(s), 14 sec(s) ago)
(RTTNews) - The U.S. dollar declined against its major counterparts in the European session on Mon ...Full Story»

Euro Little Changed After German Ifo Business Sentiment Index (11 hr(s), 32 min(s), 14 sec(s) ago)
(RTTNews) - At 4.00 am ET Monday, Germany's Ifo business sentiment survey results have been re ...Full Story»

Euro Falls Vs Most Majors Ahead Of German Ifo Survey (11 hr(s), 38 min(s), 14 sec(s) ago)
(RTTNews) - At 4.00 am ET Monday, Germany's Ifo business sentiment survey results are due. The ...Full Story»

Yen Advances Amid Rising Risk Aversion On Trade Worries (12 hr(s), 17 min(s), 14 sec(s) ago)
(RTTNews) - The Japanese yen strengthened against its major counterparts in the Asian session on M ...Full Story»

Yen Climbs Against Majors (13 hr(s), 11 min(s), 14 sec(s) ago)
(RTTNews) - The Japanese yen strengthened against its major counterparts in the Asian session on M ...Full Story»

Search

FOREX NEWS

Dollar Falling After Paring Early Gains

06/25/2018 - 14:58 PM (RTTNews)
(RTTNews) - The dollar got off to a positive start to the new trading week. However, the buck pare ...Full Story>>

Dollar Little Changed After U.S. New Home Sales

06/25/2018 - 10:02 AM (RTTNews)
(RTTNews) - Following the release of U.S. new home sales for May at 10:00 am ET Monday, the greenb ...Full Story>>

Dollar Mixed Ahead Of U.S. New Home Sales

06/25/2018 - 09:55 AM (RTTNews)
(RTTNews) - At 10:00 am ET Monday, the Commerce Department is scheduled to release its report on n ...Full Story>>

U.S. Dollar Falls On Rising Trade Worries

06/25/2018 - 07:00 AM (RTTNews)
(RTTNews) - The U.S. dollar declined against its major counterparts in the European session on Mon ...Full Story>>

Euro Little Changed After German Ifo Business Sentiment Index

06/25/2018 - 04:02 AM (RTTNews)
(RTTNews) - At 4.00 am ET Monday, Germany's Ifo business sentiment survey results have been re ...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.