US dollar rolls back vs the majors further on Thursday

Posted 18 January, 2018

US dollar has kept dipping vs the majors on January 18. Investors remain careful on an upcoming release of economic reports in the USA.

Specifically, the insiders expect to see the number of construction licenses, new housing volumes and the number of primary applications for unemployment benefits as well as PMI by Philadelphia-based Federal Reserve Bank.

The US Dollar index rose to 90.51 (0.15%) today, while during the previous session the rate hit a 3-year bottom at 89.97.

The American currency has lately felt pressure from the outlook that the upturn of the global economy will exceed US economic growth, making central banks of other countries along with the European Central Bank tighten monetary policy earlier than anticipated.

The euro and sterling posted gains: EUR-USD increased 0.25% to 1.22415, and GBP-USD – 0.08% to 1.3838 in the course of the day.

Japanese yen to US dollar was stable with USD-JPY changing hands at 111.35, while USD-CHF dropped 0.42% to 0.9616.

AUD-USD and NZD-USD went up by 0.10% to 0.7975 and 0.25% to 0.7288 respectively.

USD-CAD changed just slightly coming to 1.2438.

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18 January, 2018 18:24

← US economic reports drive USD-CAD up

The US dollar posted gains vs the Canadian dollar on Thursday. The rebound is driven by the announcement of US economic data. At the same time, negative development of the Canadian currency is partly related to the persisting pressure from increased interest rate by the Bank of Canada. As a result, USD-CAD added 0.19% coming to 1.2465.

US economic reports drive USD-CAD up

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18 January, 2018 15:36

Bitcoin price reverses after yesterday's slump →

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Bitcoin price reverses after yesterday's slump
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