FOREX TradingCharts.com

Forex News: U.S. Dollar Weakens On Govt. Shutdown Worries

U.S. Dollar Weakens On Govt. Shutdown Worries

01/19/2018 - 02:49:00 (RTTNews)

(RTTNews) - The U.S. dollar declined against its major rivals in the Asian session on Friday, as traders focused on the possibility of the U.S. government shutdown that would take effect tonight, unless Senate passes short-term spending bill ahead of the deadline.

The House of Representatives has passed the short-term spending bill in a 230 to 197 vote on Thursday.

The bill faces stiff opposition in the Senate, where it needs 60 votes to pass the measure. Senate Majority Leader Mitch McConnell needs support from the Democrats to pass the bill out of the chamber due to opposition from conservatives.

The bill would keep the government funded until February 16.

Investors await the University of Michigan's preliminary report on consumer sentiment for January later in the day.

The currency fell on Thursday as downbeat readings on housing starts, building permits and manufacturing as well as concerns about a possible government shutdown made investors jittery.

The greenback dropped to 110.77 against the yen, from a high of 111.12 hit at 8:30 pm ET. On the downside, 109.00 is possibly seen as the next support for the greenback.

The greenback declined to more than a 4-month low of 0.9563 against the franc and held steady thereafter. The pair finished Thursday's trading at 0.9589.

The greenback weakened to a 2-day low of 1.2270 against the euro and moved sideways thereafter. The pair was valued at 1.2237 when it closed deals on Thursday.

The greenback dropped to a 2-day low of 1.3924 against the pound before holding steady thereafter. The pound-greenback pair was worth 1.3893 at Thursday's close.

Looking ahead, Swiss producer and import prices for December, Eurozone current account for November and U.K. retail sales for December are due in the European session.

Canada manufacturing sales for November and University of Michigan's preliminary consumer sentiment index for January are set for release in the New York session.

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


Canadian Dollar Advances Against Most Majors (12 hr(s), 50 min(s), 53 sec(s) ago)
(RTTNews) - Reversing direction, the Canadian dollar climbed against most major counterparts in th ...Full Story»

Pound Climbs Amid Risk Appetite (14 hr(s), 29 min(s), 53 sec(s) ago)
(RTTNews) - The pound firmed against its major counterparts in the early European session on Monda ...Full Story»

Franc Little Changed After Swiss CPI (16 hr(s), 20 min(s), 52 sec(s) ago)
(RTTNews) - At 3:15 am ET Monday, the Federal Statistical Office has released Swiss consumer price ...Full Story»

Franc Mixed Ahead Of Swiss CPI (16 hr(s), 29 min(s), 52 sec(s) ago)
(RTTNews) - At 3:15 am ET Monday, the Federal Statistical Office releases Swiss consumer price dat ...Full Story»

Dollar Inching Higher As Weekend Draws Near (04 hr(s), 50 min(s), 53 sec(s) ago)
(RTTNews) - The dollar has recovered from its early weakness against its major European rivals Fri ...Full Story»

Loonie Extends Decline After Disappointing Canadian Jobs Data (09 hr(s), 41 min(s), 52 sec(s) ago)
(RTTNews) - The Canadian dollar continued to be lower against its major counterparts in European t ...Full Story»

Loonie Drops Further After Canada Jobs Data (11 hr(s), 08 min(s), 53 sec(s) ago)
(RTTNews) - At 8:30 am ET Friday, Canada jobs data for January has been released. After the data, ...Full Story»

Loonie Falls Ahead Of Canada Jobs Data (11 hr(s), 14 min(s), 52 sec(s) ago)
(RTTNews) - At 8:30 am ET Friday, Canada jobs data for January is due. Ahead of the data, the loon ...Full Story»

Search

FOREX NEWS

Canadian Dollar Advances Against Most Majors

02/12/2018 - 06:53 AM (RTTNews)
(RTTNews) - Reversing direction, the Canadian dollar climbed against most major counterparts in th ...Full Story>>

Pound Climbs Amid Risk Appetite

02/12/2018 - 05:12 AM (RTTNews)
(RTTNews) - The pound firmed against its major counterparts in the early European session on Monda ...Full Story>>

Franc Little Changed After Swiss CPI

02/12/2018 - 03:21 AM (RTTNews)
(RTTNews) - At 3:15 am ET Monday, the Federal Statistical Office has released Swiss consumer price ...Full Story>>

Franc Mixed Ahead Of Swiss CPI

02/12/2018 - 03:13 AM (RTTNews)
(RTTNews) - At 3:15 am ET Monday, the Federal Statistical Office releases Swiss consumer price dat ...Full Story>>

Dollar Inching Higher As Weekend Draws Near

02/09/2018 - 14:53 PM (RTTNews)
(RTTNews) - The dollar has recovered from its early weakness against its major European rivals Fri ...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.