FOREX TradingCharts.com

Forex News: Dollar Trading Mixed On Light Data Day

Dollar Trading Mixed On Light Data Day

09/12/2017 - 15:00:00 (RTTNews)

(RTTNews) - The dollar is turning in a mixed performance against its major rivals Tuesday afternoon. The buck is losing ground against the British pound after the bigger than expected increase in UK inflation. The data will put further pressure on the Bank of England to consider raising interest rates.

The continued lack of U.S. economic data is keeping some investors on the sidelines. Things will begin to pick up on the economic front tomorrow morning, with the release of the producer price index.

Weekly jobless claims and the consumer price index are slated for Thursday, while retail sales, industrial production and consumer sentiment are also due to be released on Friday.

The dollar rose to an early high of $1.1925 against the Euro Tuesday, but has since slipped back to around $1.1965, nearly unchanged for the day.

The buck has dropped to a 1-year low of $1.3285 against the pound sterling Tuesday afternoon, from an early high of $1.3159.

UK inflation climbed more-than-expected in August to its joint highest level in over five years, driven by strong increase in clothing and petrol prices, and added pressure on the Bank of England rate-setters to raise interest rates amid the Brexit-fueled economic uncertainty.

The consumer price index rose 2.9 percent year-on-year following 2.6 percent increase in July. Economists had forecast 2.8 percent inflation.

British house price inflation held steady in July after accelerating in the prior month, figures from the Office for National Statistics showed Tuesday. The house price index climbed 5.1 percent year-over-year in July, the same rate of rise as in June, which was revised up from a 4.9 percent increase reported earlier.

The greenback has climbed to over a 1-week high of Y110.115 against the Japanese Yen this afternoon, from an early low of Y109.283.

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 Mixed As Investors Await A Slew Of Economic Reports (06 hr(s), 45 min(s), 21 sec(s) ago)
(RTTNews) - The dollar is turning in a mixed performance against its major rivals Monday afternoon ...Full Story»

Canadian Dollar Climbs On Higher Oil Prices (13 hr(s), 09 min(s), 21 sec(s) ago)
(RTTNews) - The Canadian dollar advanced against its most major counterparts in the European sessi ...Full Story»

Yen Climbs Against Majors (15 hr(s), 12 min(s), 21 sec(s) ago)
(RTTNews) - Reversing direction, the Japanese yen advanced against its major opponents in the Euro ...Full Story»

Euro Remains Weaker After German Election Results (16 hr(s), 30 min(s), 21 sec(s) ago)
(RTTNews) - The euro remained lower against its key counterparts in early European deals on Monday ...Full Story»

Euro Mixed Following German Ifo Business Sentiment Index (17 hr(s), 42 min(s), 21 sec(s) ago)
(RTTNews) - Following the release of German Ifo business confidence survey results for September a ...Full Story»

Euro Falls Ahead Of German Ifo Business Sentiment Index (17 hr(s), 51 min(s), 21 sec(s) ago)
(RTTNews) - At 4.00 am ET Monday, Germany's Ifo business confidence survey results are due. Ec ...Full Story»

NZ Dollar Falls Amid Risk Aversion (18 hr(s), 48 min(s), 21 sec(s) ago)
(RTTNews) - The New Zealand dollar declined against its major counterparts in the Asian session on ...Full Story»

Dollar Little Changed As Trading Week Draws To A Close (06 hr(s), 45 min(s), 21 sec(s) ago)
(RTTNews) - The dollar is turning in a mixed performance against its major rivals Friday afternoon ...Full Story»

Search

FOREX NEWS

Dollar Mixed As Investors Await A Slew Of Economic Reports

09/25/2017 - 15:00 PM (RTTNews)
(RTTNews) - The dollar is turning in a mixed performance against its major rivals Monday afternoon ...Full Story>>

Canadian Dollar Climbs On Higher Oil Prices

09/25/2017 - 08:38 AM (RTTNews)
(RTTNews) - The Canadian dollar advanced against its most major counterparts in the European sessi ...Full Story>>

Yen Climbs Against Majors

09/25/2017 - 06:35 AM (RTTNews)
(RTTNews) - Reversing direction, the Japanese yen advanced against its major opponents in the Euro ...Full Story>>

Euro Remains Weaker After German Election Results

09/25/2017 - 05:17 AM (RTTNews)
(RTTNews) - The euro remained lower against its key counterparts in early European deals on Monday ...Full Story>>

Euro Mixed Following German Ifo Business Sentiment Index

09/25/2017 - 04:03 AM (RTTNews)
(RTTNews) - Following the release of German Ifo business confidence survey results for September a ...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.