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POPULAR NEWS
Dollar Slides, Headed For First Weekly Loss in a Month

The U.S. dollar looked listless on Friday, sliding against a handful of its major rivals but rallying against some emerging markets amid worries over further sanctions on Turkey. The ICE U.S. Dollar Index which measures the greenback against six developed market rivals, slipped 0.4% to 96.303. The gauge is on track for a 0.1% loss this week”its worst performance in four weeks, according to FactSet. The buck weakened most notably against the Canadian dollar which rallied on the back of an...

Consumer Sentiment in U.S. Declines to Lowest in Almost a Year

U.S. consumer sentiment unexpectedly fell to the lowest level in almost a year amid less favorable views on purchasing big-ticket items and persistent concerns about trade tensions, a University of Michigan report showed Friday.  Sentiment index decreased to 95.3 (est. 98) from prior month™s 97.9; lowest since Sept., below all analyst estimates. Current conditions gauge, which measures Americans™ perceptions of their finances, fell to 107.8 from 114.4 in July; 6.6-point...

Dollar pauses near six-month top ahead of big economic indicators
Monday, 16 July 2018 08:27 WIB | CURRENCIES |DOLLARDolar AS

Major currencies held around recent ranges on Monday thanks to a lull in China-U.S. trade skirmishing and as investors await key data from the world's two biggest economies to determine whether global growth is running out of puff.

The dollar paused at 112.39 yen JPY=, not far from a six-month top of 112.79 set on Friday.

The index that tracks the dollar against six other major the currencies .DXY was barely changed at 94.750.

The dollar index went as high as 95.241 last week but quickly reversed gains after latest trade figures from China suggested the threat of tariffs had not had a significant impact as yet.

Traders are now looking to second-quarter gross domestic product (GDP) data from China and June retail sales from the United States.

U.S. President Donald Trump™s summit with his Russian counterpart in Helsinki later this week will also be closely watched.

The U.S. economy, which is on its second longest expansion on record, has not yet suffered from the ongoing trade row with China.

Source: Reuters

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POPULAR NEWS
Dollar Slides, Headed For First Weekly Loss in a Month

The U.S. dollar looked listless on Friday, sliding against a handful of its major rivals but rallying against some emerging markets amid worries over further sanctions on Turkey. The ICE U.S. Dollar Index which measures the greenback against six developed market rivals, slipped 0.4% to 96.303. The gauge is on track for a 0.1% loss this week”its worst performance in four weeks, according to FactSet. The buck weakened most notably against the Canadian dollar which rallied on the back of an...

Consumer Sentiment in U.S. Declines to Lowest in Almost a Year

U.S. consumer sentiment unexpectedly fell to the lowest level in almost a year amid less favorable views on purchasing big-ticket items and persistent concerns about trade tensions, a University of Michigan report showed Friday.  Sentiment index decreased to 95.3 (est. 98) from prior month™s 97.9; lowest since Sept., below all analyst estimates. Current conditions gauge, which measures Americans™ perceptions of their finances, fell to 107.8 from 114.4 in July; 6.6-point...

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