USD at new 4-month bottom vs the majors

Posted 12 January, 2018

US dollar has plunged to fresh bottom vs the majors over 4 months on Friday. The currency weakening is related to slack economic data posted yesterday. Moreover, investors await US inflation and retail sales data.

The American currency felt pressure from the report by US Labor Department. In particular, the data showed an unexpected increase in the number of people that claimed for unemployment benefits to 261,000, against anticipated decrease to 246,000.

Another driver was the December production price index that dropped 0.1% (forecast – 0.2%).

By now the US dollar index has dipped 0.55% to 91.16.

The euro and sterling rebounded against the US dollar: EUR-USD gained 0.77% to 1.2125 and GPB-USD – 0.54% to 1.3611.

Australian dollar reportedly decreased by 0.18% to 0.7878, while the NZD-USD pair was stable at 0.7257.

JPY and CHF posted gains vs USD: USD-JPY lost 0.15% falling to 111.11 and USD-CHF – 0.47% to 0.9712.

As for USD-CAD, the pair changed just slightly staying at 1.2519.

Previous story

12 January, 2018 17:46

← US dollar still close to bottom despite US economic reports

Although awaited data on US retail and inflation was largely positive on Friday, the US dollar has not improved vs the majors and keeps staying at the bottom over the past 4 months. The consumer price index increased 0.4% m-o-m in December, as DOC reports reads. Retail sale index (excluding vehicles sales) showed a similar rise over the period under review...

US dollar still close to bottom despite US economic reports

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12 January, 2018 12:30

Euro to US dollar reaches 2014-peak →

The euro has progressed vs US dollar coming to the top since December 2014 in light of the possible inflation decline in the USA and stimulus program reduction by the European Central Bank in the near term. On Friday, the euro rate reached $1.2108 against $1.2032 at the close of the previous session. It has been recorded even the level of $1.2120 during the trading.

Euro to US dollar reaches 2014-peak
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