FOREX TradingCharts.com

Forex News: U.S. Dollar Edges Higher After Seeing Weakness Overnight

U.S. Dollar Edges Higher After Seeing Weakness Overnight

02/16/2021 - 16:40:00 (RTTNews)

(RTTNews) - After seeing some overnight weakness, the value of the U.S. dollar has edged higher over the course of trading on Tuesday.

The U.S. dollar index has inched up by 0.1 percent to 90.58 after falling to a low of 90.12 earlier in the day.

The greenback is trading at 106.00 yen versus the 105.38 yen it fetched on Monday. Against the euro, the dollar is trading at $1.2105 compared to yesterday's $1.2129.

The uptick by the dollar comes amid weakness among a jump in U.S. treasury yields, with the yield on the benchmark ten-year note surging up to its highest levels in almost a year.

Traders remain optimistic about additional stimulus from Washington, with Democrats continuing to move forward with President Joe Biden's proposed $1.9 trillion relief package.

Recent signs indicating the coronavirus crisis is easing following a recent surge also reduced the appeal of as bonds, as countries around the world continue to ramp up vaccine rollouts.

In U.S. economic news, the Federal Reserve Bank of New York released a report showing New York manufacturing activity grew at its fastest pace in months in February.

The New York Fed said its general business conditions index climbed to 12.1 in February from 3.5 in January, with a positive reading indicating growth in regional manufacturing activity. Economists had expected the index to rise to 6.0.

With the much bigger than expected increase, the general business conditions index reached its highest level since hitting 17.0 last September.

A slew of economic data is due to be released in the comings days, including reports on retail sales, industrial production, housing starts, and existing home sales.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Euro Little Changed After Eurozone CPI (01 hr(s), 19 min(s), 23 sec(s) ago)
(RTTNews) - At 5.00 am ET Tuesday, Eurostat has published euro area flash consumer price figures. ...Full Story»

Euro Mixed Ahead Of Eurozone CPI (01 hr(s), 25 min(s), 24 sec(s) ago)
(RTTNews) - At 5.00 am ET Tuesday, Eurostat publishes euro area flash consumer price figures. Econ ...Full Story»

NZ Dollar Falls Amid China's Warning About Bubbles In Markets (04 hr(s), 10 min(s), 24 sec(s) ago)
(RTTNews) - The NZ dollar depreciated against its major counterparts in the Asian session on Tuesd ...Full Story»

Aussie Slightly Up After RBA Decision (16 min(s), 36 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia retained its benchmark lending rate at 0.10 percent and ...Full Story»

Canadian Dollar Advances As Oil Prices Rise (28 min(s), 36 sec(s) ago)
(RTTNews) - The Canadian dollar climbed against its major counterparts in the European session on ...Full Story»

Pound Little Changed After U.K. Factory PMI (01 hr(s), 49 min(s), 24 sec(s) ago)
(RTTNews) - At 4.30 am ET Monday, UK CIPS/Markit final factory PMI and mortgage approvals figures ...Full Story»

Pound Mixed Ahead Of U.K. Factory PMI (01 hr(s), 58 min(s), 24 sec(s) ago)
(RTTNews) - At 4.30 am ET Monday, UK CIPS/Markit final factory PMI and mortgage approvals figures ...Full Story»

Euro Little Changed After Eurozone PMI (02 hr(s), 16 min(s), 24 sec(s) ago)
(RTTNews) - At 4.00 am ET Monday, IHS Markit has released euro area final manufacturing PMI report ...Full Story»

Search

FOREX NEWS

Euro Little Changed After Eurozone CPI

03/02/2021 - 05:03 AM (RTTNews)
(RTTNews) - At 5.00 am ET Tuesday, Eurostat has published euro area flash consumer price figures. ...Full Story>>

Euro Mixed Ahead Of Eurozone CPI

03/02/2021 - 04:57 AM (RTTNews)
(RTTNews) - At 5.00 am ET Tuesday, Eurostat publishes euro area flash consumer price figures. Econ ...Full Story>>

NZ Dollar Falls Amid China's Warning About Bubbles In Markets

03/02/2021 - 02:12 AM (RTTNews)
(RTTNews) - The NZ dollar depreciated against its major counterparts in the Asian session on Tuesd ...Full Story>>

Aussie Slightly Up After RBA Decision

03/01/2021 - 22:41 PM (RTTNews)
(RTTNews) - The Reserve Bank of Australia retained its benchmark lending rate at 0.10 percent and ...Full Story>>

Canadian Dollar Advances As Oil Prices Rise

03/01/2021 - 08:52 AM (RTTNews)
(RTTNews) - The Canadian dollar climbed against its major counterparts in the European session on ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.