FOREX TradingCharts.com

Forex News: Dollar Trading Mixed After Holiday Break

Dollar Trading Mixed After Holiday Break

01/02/2019 - 14:21:00 (RTTNews)

(RTTNews) - The dollar is turning in a mixed performance against its major rivals Wednesday afternoon, after investors returned to action following yesterday's New Year's Day holiday. The buck is gaining ground against its major European rivals, but is down against the Japanese Yen.

The lack of U.S. economic data is keeping some investors on the sidelines Wednesday. Traders can look forward to the release of the private sector employment report, weekly jobless claims and the ISM manufacturing index Thursday morning. The all important U.S. jobs report is slated for release Friday morning.

The dollar slipped to an early low of $1.1496 against the Euro Wednesday, but has since rebounded to around $1.1330.

Eurozone manufacturing expanded at the weakest pace since early 2016 in December as new orders fell for a third month and business confidence eroded to a six-year low, results of the survey by IHS Markit confirmed on Wednesday.

The final Eurozone Manufacturing Purchasing Managers' Index, or PMI, was 51.4, unchanged from the flash, but lower than November's 51.8.

Germany's employment grew to a record high in 2018 despite a slowdown in the economy, preliminary figures from the Federal Statistical Office showed on Wednesday. The number of employed grew by 562,000 persons or 1.3 percent to an annual average 44.8 million.

The buck has climbed to around $1.2590 against the pound sterling this afternoon, from an early low of $1.2772.

UK manufacturing sector expanded at the fastest pace in six months in December, defying expectations for a slowing, as demand strengthened as manufacturers and clients prepared for Brexit. The CIPS UK manufacturing Purchasing Managers' Index, or PMI, climbed to 54.2 from November's 53.6, survey data from IHS Markit showed on Wednesday.

Economists had forecast a lower score of 52.5. A PMI reading above 50 shows growth in the manufacturing sector.

The greenback dropped to a 7-month low of Y108.707 against the Japanese Yen this morning, but has since bounced back to around Y109.375.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Canadian Dollar Strengthens After Upbeat Inflation Data (29 min(s), 21 sec(s) ago)
(RTTNews) - The Canadian dollar gained ground against its key counterparts in the European session ...Full Story»

Dollar Little Changed Following U.S. Industrial Production (08 min(s), 21 sec(s) ago)
(RTTNews) - After the release of U.S. industrial production for December at 9:15 am ET Friday, the ...Full Story»

Dollar Steady Ahead Of U.S. Industrial Production (59 min(s), 21 sec(s) ago)
(RTTNews) - The Federal Reserve will publish U.S. industrial production for December at 9:15 am ET ...Full Story»

Loonie Advances After Canada CPI (23 min(s), 21 sec(s) ago)
(RTTNews) - Following the release of Canada consumer inflation for December at 8:30 am ET Friday, ...Full Story»

Loonie Retreats Ahead Of Canada CPI (14 min(s), 21 sec(s) ago)
(RTTNews) - At 8:30 am ET Friday, Statistics Canada will release Canada consumer inflation for Dec ...Full Story»

Pound Slides As UK Retail Sales Weakest Since May 2017 (59 min(s), 21 sec(s) ago)
(RTTNews) - The pound slipped against its major counterparts in the European session on Friday, as ...Full Story»

Pound Slightly Up Following U.K. Retail Sales (23 min(s), 21 sec(s) ago)
(RTTNews) - The Office for National Statistics has released U.K. retail sales for December at 4:30 ...Full Story»

Pound Falls Ahead Of U.K. Retail Sales (14 min(s), 21 sec(s) ago)
(RTTNews) - The Office for National Statistics will release U.K. retail sales for December at 4:30 ...Full Story»

Search

FOREX NEWS

Canadian Dollar Strengthens After Upbeat Inflation Data

01/18/2019 - 09:41 AM (RTTNews)
(RTTNews) - The Canadian dollar gained ground against its key counterparts in the European session ...Full Story>>

Dollar Little Changed Following U.S. Industrial Production

01/18/2019 - 09:18 AM (RTTNews)
(RTTNews) - After the release of U.S. industrial production for December at 9:15 am ET Friday, the ...Full Story>>

Dollar Steady Ahead Of U.S. Industrial Production

01/18/2019 - 09:10 AM (RTTNews)
(RTTNews) - The Federal Reserve will publish U.S. industrial production for December at 9:15 am ET ...Full Story>>

Loonie Advances After Canada CPI

01/18/2019 - 08:33 AM (RTTNews)
(RTTNews) - Following the release of Canada consumer inflation for December at 8:30 am ET Friday, ...Full Story>>

Loonie Retreats Ahead Of Canada CPI

01/18/2019 - 08:26 AM (RTTNews)
(RTTNews) - At 8:30 am ET Friday, Statistics Canada will release Canada consumer inflation for Dec ...Full Story>>
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.