Dollar Remains Broadly Lower Vs. Other Majors By

Dollar Remains Broadly Lower Vs. Other Majors By

© Reuters. Dollar still on the downside vs. rivals as stock nmarkets recover – The U.S. dollar remained broadly lower against other major currencies on Tuesday, as sentiment on the greenback became more vulnerable in the face of recovering equity markets.

U.S. equity markets were especially boosted by news on Monday of a by the Trump administration.

The plan is part of the two-year passed by the U.S. Congress last Friday, ending a brief government shutdown.

The agreement is set to boost federal spending by almost $300 billion and suspend the debt ceiling for a year.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.36% at 89.69 by 05:15 a.m. ET (09:15 GMT),

The euro and the pound were higher, with up 0.27% at 1.2325 and with also gaining 0.47% to 1.3904.

Data earlier showed that Britain’s inflation rate was steady in January.

The UK Office for National Statistics said that the consumer price index rose to in January, the same as the prior month. Economists had expected a reading of 2.9%.

The yen and the Swiss franc were also stronger, with down 0.94% at 107.63 and with shedding 0.43% to 0.9353.

Elsewhere, the Australian and New Zealand dollars were higher, with up 0.09% at 0.7868 and with gaining 0.39% to 0.7290.

Meanwhile, was almost unchanged at 1.2581.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Facebook Comments

Leave a Reply

Your email address will not be published. Required fields are marked *