Forex — Dollar Barely Changed, With the US data on tap





Dollar holds steady vs. rivals, focus on US inflation data

Investing.com — The dollar was little changed versus other majors on Thursday, as investors remained on the sidelines ahead of a highly anticipated report on U.S. inflation due later in the day.

The sentiment on the greenback was fragile prior to the upcoming U.S. inflation data, as it could be a decisive factor in the Federal Reserve future interest rates decisions.

Demand for the dollar boosted Wednesday by hopes of a tax reform would soon be implemented by the administration after US President Donald reached Trump both Democrats and Republicans this week.

The yen was slightly higher, with USD/JPY down 0.08% at 110.39, while USD/CHFrose 0.23% to 0.9666.

Safe-haven demand was on the weak side as risk appetite strengthened this week after hurricane Irma it seemed to have caused less damage than feared, and in the absence of a new provocation from North Korea.

Elsewhere, EUR/USD added 0.13% to 1.1890, while GBP/USD slipped 0.11% to 1.3194 at the Bank of England’s monthly policy decision.

The BoE was expected to leave its monetary policy unchanged, but it could, however, give hints on the future pace of interest rates, released after strong inflation data earlier in the week boosted expectations for a more hawkish stance of the Central Bank.

The Australian was stronger, with AUD/USD up 0.24% at 0.80053, while the NZD/USD fell 0.08% to 0.7235.

Earlier Thursday, the Australian Bureau of Statistics reported on Thursday that the number of employees increased from 54,200 in August, blowing past expectations for a 15,000 gain.

The report also showed that the unemployment rate remained unchanged at 5.6% in the last month, in line with the expectations of the market.

Meanwhile, USD/CAD was almost unchanged at 1.2175.

The US dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was little changed at 92.34 of at 05:20 ET (09:20 GMT).




Добавить комментарий