FOREX TradingCharts.com

Forex News: U.S. Dollar Dips As NAFTA Deal Doubtful This

U.S. Dollar Dips As NAFTA Deal Doubtful This Week

09/20/2018 - 09:41:00 (RTTNews)

(RTTNews) - The U.S. dollar drifted lower against its major counterparts in the European session on Thursday, after reports that the U.S. and Canada are unlikely to reach an agreement on NAFTA this week.

Odds of reaching a deal look unlikely this week, as the countries have not resolved issues on dairy and dispute panels.

Canadian Prime Minister Justin Trudeau said on Wednesday that there should be a certain amount of flexibility from the United States if the two sides are to reach a deal on renewing NAFTA, which Washington wants to be finished by the end of the month.

Investors brushed aside concerns about trade wars and looked ahead to next week's Federal Reserve meeting for directional cues.

Despite U.S. President Donald Trump lowering expectations of a new round of trade negotiations with China, observers suggest that a significant escalation in the U.S-China trade war was unlikely before the end of the year.

The Federal Reserve appears to be on track to hike rates by a quarter of a point next week, but there is uncertainty on how officials view the future.

Data from the Labor Department unexpectedly showed first-time claims for U.S. unemployment benefits dipped to their lowest level in nearly fifty years in the week ended September 15th.

The Labor Department said jobless claims edged down to 201,000, a decrease of 3,000 from the previous week's unrevised level of 204,000. Economists had expected jobless claims to rise to 210,000.

The currency held steady against its key counterparts in the Asian session.

The greenback fell to a 2-day low of 112.04 against the yen, after rising to 112.34 at 8:00 pm ET. The greenback is poised to find support around the 111.00 level.

The greenback declined to a 2-day low of 0.9608 against the franc, after having advanced to 0.9678 at 6:15 pm ET. On the downside, 0.94 is possibly seen as the next support level for the greenback.

The greenback dropped to 2-1/2-month lows of 1.1777 against the euro and 1.3298 against the pound, from its early highs of 1.1669 and 1.3135, respectively. The greenback is seen finding support around 1.19 against the euro and 1.34 against the pound.

The greenback slipped to more than a 3-week low of 1.2890 against the loonie, 3-week lows of 0.7289 against the aussie and 0.6678 against the kiwi, coming off from its previous highs of 1.2933, 0.7254 and 0.6601, respectively. On the downside, 1.27, 0.74 and 0.68 are possibly seen as the next support levels for the greenback against the loonie, the aussie and the kiwi, respectively.

At 10:00 am ET, U.S. leading index and existing home sales for August are scheduled for release.

At the same time, Eurozone advanced consumer sentiment index for September will be out.

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 Trading Mixed Ahead Of The Weekend (01 hr(s), 19 min(s), 44 sec(s) ago)
(RTTNews) - The dollar is turning in a mixed performance against its major rivals Friday afternoon ...Full Story»

Loonie Weakens After Disappointing Canada Inflation, Retail Sales Data (05 hr(s), 40 min(s), 44 sec(s) ago)
(RTTNews) - The Canadian dollar declined against its major counterparts in the European session on ...Full Story»

Loonie Falls After Canada Retail Sales, CPI (07 hr(s), 37 min(s), 44 sec(s) ago)
(RTTNews) - At 8:30 am ET Friday, Statistics Canada has released Canada retail sales for August an ...Full Story»

Loonie Mixed Ahead Of Canada Retail Sales, CPI (07 hr(s), 40 min(s), 44 sec(s) ago)
(RTTNews) - At 8:30 am ET Friday, Statistics Canada will release Canada retail sales for August an ...Full Story»

Euro Weakens After EC Warns Italy Over Budget Plan (10 hr(s), 28 min(s), 43 sec(s) ago)
(RTTNews) - The euro declined against its major counterparts in the early European session on Frid ...Full Story»

Pound Little Changed After U.K. Public Sector Finance Data (11 hr(s), 34 min(s), 44 sec(s) ago)
(RTTNews) - At 4.30 am ET Friday, the Office for National Statistics has published public sector f ...Full Story»

Pound Mixed Ahead Of U.K. Public Sector Finance Data (11 hr(s), 40 min(s), 44 sec(s) ago)
(RTTNews) - At 4.30 am ET Friday, the Office for National Statistics publishes public sector finan ...Full Story»

Australian, NZ Dollars Advance Against Majors (12 hr(s), 46 min(s), 44 sec(s) ago)
(RTTNews) - The Australian and New Zealand dollars climbed against their most major counterparts i ...Full Story»

Search

FOREX NEWS

Dollar Trading Mixed Ahead Of The Weekend

10/19/2018 - 14:49 PM (RTTNews)
(RTTNews) - The dollar is turning in a mixed performance against its major rivals Friday afternoon ...Full Story>>

Loonie Weakens After Disappointing Canada Inflation, Retail Sales Data

10/19/2018 - 10:27 AM (RTTNews)
(RTTNews) - The Canadian dollar declined against its major counterparts in the European session on ...Full Story>>

Loonie Falls After Canada Retail Sales, CPI

10/19/2018 - 08:32 AM (RTTNews)
(RTTNews) - At 8:30 am ET Friday, Statistics Canada has released Canada retail sales for August an ...Full Story>>

Loonie Mixed Ahead Of Canada Retail Sales, CPI

10/19/2018 - 08:28 AM (RTTNews)
(RTTNews) - At 8:30 am ET Friday, Statistics Canada will release Canada retail sales for August an ...Full Story>>

Euro Weakens After EC Warns Italy Over Budget Plan

10/19/2018 - 05:41 AM (RTTNews)
(RTTNews) - The euro declined against its major counterparts in the early European session on Frid ...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.