FOREX TradingCharts.com

Forex News: U.S. Dollar Weakens Amid Risk Appetite

U.S. Dollar Weakens Amid Risk Appetite

06/04/2018 - 08:28:00 (RTTNews)

(RTTNews) - The U.S. dollar slipped against its major opponents in the European session on Monday amid risk appetite, as easing political tensions in Italy and Spain and fresh deal-making news sapped demand for safe-haven assets.

Trade fears persisted after the weekend trade talks between the U.S. and China ended without a breakthrough. China warned Sunday that it will withdraw from commitments made so far on trade if U.S. President Donald Trump carries out his threat to impose tariffs on the Asian country.

Meanwhile, Group of Seven finance ministers ended their annual meeting Saturday with U.S. allies united in condemning Washington's aggressive protectionism.

The leaders of the G-7 nations,including the U.S., are scheduled to meet in Charlevoix, Canada, on Friday and Saturday.

On the economic front, the U.S. factory orders are due at 10 am ET.

The currency traded mixed against its major counterparts in the Asian session. While it fell against the euro and the pound, it held steady against the franc. Against the yen, it rose.

The greenback slipped to 0.7660 against the aussie, a level unseen since April 23. Next key support for the greenback is likely seen around the 0.775 level.

The greenback dropped to 11-day lows of 1.1737 against the euro and 1.3399 against the pound, from its early highs of 1.1657 and 1.3340, respectively. If the greenback continues its fall, 1.19 and 1.35 are possibly seen as its next support levels against the euro and the pound, respectively.

The greenback hit more than a 4-week low of 0.7048 against the kiwi and a 4-day low of 1.2905 against the loonie, reversing from its previous highs of 0.6977 and 1.2964, respectively. The next possible support for the greenback is seen around 0.72 against the kiwi and 1.27 against the loonie.

Reversing from an early high of 0.9894 against the franc, the greenback dropped to a 4-day low of 0.9836. The greenback is seen finding support around the 0.97 region.

The greenback retreated to 109.37 against the yen, from a weekly high of 109.77 seen at 8:45 pm ET. The greenback is poised to challenge support around the 108.00 level.

Data from the Bank of Japan showed that Japan monetary base rose 8.1 percent on year in May, coming in at 492.969 trillion yen.

That follows the 7.8 percent increase in April.

In the New York session, U.S. factory orders and durable goods orders for April are scheduled for release.

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 (42 min(s), 12 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), 39 min(s), 12 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), 45 min(s), 12 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), 39 min(s), 12 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), 39 min(s), 12 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), 45 min(s), 12 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), 24 min(s), 12 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), 18 min(s), 12 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.