FOREX TradingCharts.com

Forex News: Dollar Little Changed As The Week Draws To

Dollar Little Changed As The Week Draws To A Close

09/29/2017 - 14:32:00 (RTTNews)

(RTTNews) - The dollar is turning in a mixed performance against its major rivals Friday afternoon, but is little changed overall. Investors were confronted by a large number of economic reports at the end of the trading week, the results of which were mixed. The focus among traders remains on the Republican tax reform bill and its ability to pass Congress.

U.S. personal income and spending both rose in line with economist estimates in the month of August, according to a report released by the Commerce Department on Friday.

The Commerce Department said personal income edged up by 0.2 percent in August after rising by a downwardly revised 0.3 percent in July.

Economists had expected income to rise by 0.2 percent compared to the 0.4 percent increase originally reported for the previous month.

The report said personal spending also inched up by 0.1 percent in August after climbing by an unrevised 0.3 percent in July. The uptick in spending matched expectations.

A report released by MNI Indicators on Friday unexpectedly showed a significant acceleration in the pace of growth in Chicago-area business activity in the month of September. MNI Indicators said its Chicago business barometer jumped to 65.2 in September from 58.9 in August, with a reading above 50 indicating growth.

The substantial increase by the business barometer came as a surprise to economists, who had expected the index to edge down to 58.5.

Consumer sentiment in the U.S. deteriorated by slightly more than initially estimated in the month of September, the University of Michigan revealed in a report on Friday. The report said the consumer sentiment index for September was downwardly revised to 95.1 from the preliminary reading of 95.3. Economists had expected the index to be unrevised.

The dollar fell to a low of $1.1831 against the Euro Friday morning, but has since rebounded to around $1.18.

Eurozone inflation held steady in September, flash data from Eurostat showed Friday. Inflation came in at 1.5 percent in September, the same rate as seen in August. Economists had forecast the rate to rise slightly to 1.6 percent.

Germany's unemployment declined notably in September and the rate fell to a new record low, data from the Federal Labor Agency revealed Friday.

The number of people out of work decreased by 23,000 in September compared to the expected drop of 5,000.

The jobless rate fell to 5.6 percent, the lowest since reunification in 1990. The rate was forecast to remain unchanged at 5.7 percent.

Germany's retail sales logged a steady growth in August, figures from Destatis showed Friday. Retail sales climbed 2.8 percent year-on-year in August, the same rate of growth as seen in the July. Sales were forecast to rise at a faster pace of 3.2 percent.

France's consumer price inflation increased marginally in September, flash data from the statistical office Insee showed Friday. Consumer price inflation rose slightly to 1 percent in September from 0.9 percent in August. The rate came in line with expectations. This was the highest since April.

France's consumer spending decreased in August after rebounding in the previous month, figures from the statistical office INSEE showed Friday. Consumer spending fell 0.3 percent month-over-month in August, reversing a 0.6 percent rise in July.

The buck slipped to a low of $1.3429 against the pound sterling Friday morning, but has since bounced back to around $1.3390.

The UK economy grew as previously estimated in the second quarter, the Office for National Statistics said Friday. Nonetheless, past data on the national accounts and balance of payments were revised.

Gross domestic product grew 0.3 percent sequentially in the second quarter, unrevised from the second estimate published on August 24, and the same rate as seen in the first quarter.

Consumer confidence in the United Kingdom improved slightly in September, the latest survey from GfK revealed on Friday with an index score of -9. That beat forecasts for a reading of -11, and it was up from -10.

UK mortgage approvals declined in August, data from the Bank of England showed Friday. The number of mortgage approvals fell more-than-expected to 66,580 in August from 68,452 in the previous month. The expected level was 67,300.

The greenback rose to an early high of Y112.730 against the Japanese Yen Friday, but has since eased back to around Y112.485.

The average of household spending in Japan was up 0.6 percent on year in August, the Ministry of Internal Affairs and Communications said on Friday, coming in at 280,320 yen. That missed forecasts for an increase of 0.9 percent following the 0.2 percent decline in July.

The unemployment rate in Japan came in at a seasonally adjusted 2.8 percent in August, the Ministry of Internal Affairs and Communications said on Friday, in line with expectations and unchanged from the previous month.

Overall nationwide consumer prices in Japan were up 0.7 percent on year in August, the Ministry of Internal Affairs and Communications said on Friday. That exceeded forecasts for 0.6 percent and was up from 0.4 percent in July.

Industrial output in Japan advanced a seasonally adjusted 2.1 percent on month in August, the Ministry of Economy, Trade and Industry said on Friday. That beat forecasts for a gain of 1.8 percent following the 0.8 percent decline in July.

Retail sales in Japan dropped a seasonally adjusted 1.76 percent on month in August, the ministry of Economy, Trade and Industry said on Friday. That missed forecasts for a decline of 0.5 percent following the 1.1 percent gain in July.

Japan's housing starts declined unexpectedly in August, data from the Ministry of Land, Infrastructure, Transport and Tourism revealed Friday. Housing starts decreased 2 percent year-on-year in August, confounding expectations for an increase of 0.6 percent.

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 Trading Mixed As The Weekend Approaches (21 min(s), 09 sec(s) ago)
(RTTNews) - The dollar is turning in a mixed performance Friday afternoon, rising against the Euro ...Full Story»

Dollar Little Changed After U.S. Existing Home Sales (05 hr(s), 15 min(s), 09 sec(s) ago)
(RTTNews) - Following the release of U.S. existing home sales for September at 10.00 am ET Friday, ...Full Story»

Dollar Mixed Ahead Of U.S. Existing Home Sales (05 hr(s), 24 min(s), 08 sec(s) ago)
(RTTNews) - The National Association of Realtors' Existing Home Sales for September will be is ...Full Story»

Canadian Dollar Falls As Retail Sales Drop Unexpectedly, Inflation Slows (05 hr(s), 39 min(s), 09 sec(s) ago)
(RTTNews) - The Canadian dollar dropped against its key counterparts in the European session on Fr ...Full Story»

Loonie Falls After Canada CPI, Retail Sales (06 hr(s), 45 min(s), 09 sec(s) ago)
(RTTNews) - Following the release of Canada inflation for September and retail sales for August at ...Full Story»

Loonie Mixed Ahead Of Canada CPI, Retail Sales (06 hr(s), 54 min(s), 09 sec(s) ago)
(RTTNews) - Statistics Canada will release Canada inflation for September and retail sales for Aug ...Full Story»

Pound Advances Amid Risk Appetite, May's Remarks (07 hr(s), 36 min(s), 09 sec(s) ago)
(RTTNews) - The pound strengthened against its major counterparts in the European session on Frida ...Full Story»

Pound Strengthens Against Majors (08 hr(s), 57 min(s), 09 sec(s) ago)
(RTTNews) - The pound climbed against its major opponents in European deals on Friday. The po ...Full Story»

Search

FOREX NEWS

Dollar Trading Mixed As The Weekend Approaches

10/20/2017 - 14:58 PM (RTTNews)
(RTTNews) - The dollar is turning in a mixed performance Friday afternoon, rising against the Euro ...Full Story>>

Dollar Little Changed After U.S. Existing Home Sales

10/20/2017 - 10:05 AM (RTTNews)
(RTTNews) - Following the release of U.S. existing home sales for September at 10.00 am ET Friday, ...Full Story>>

Dollar Mixed Ahead Of U.S. Existing Home Sales

10/20/2017 - 09:56 AM (RTTNews)
(RTTNews) - The National Association of Realtors' Existing Home Sales for September will be is ...Full Story>>

Canadian Dollar Falls As Retail Sales Drop Unexpectedly, Inflation Slows

10/20/2017 - 09:40 AM (RTTNews)
(RTTNews) - The Canadian dollar dropped against its key counterparts in the European session on Fr ...Full Story>>

Loonie Falls After Canada CPI, Retail Sales

10/20/2017 - 08:33 AM (RTTNews)
(RTTNews) - Following the release of Canada inflation for September and retail sales for August at ...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.