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Forex — Dollar Remains at 1-Week Lows After downbeat U.S. Data — Forex Stock Trade




Forex — Dollar Remains at 1-Week Lows After downbeat U.S. Data





© Reuters. Dollar still broadly lower vs. rivals as markets to the Fed’s decision

Investing.com — The dollar has continued to evolve to one-week lows against other major currencies on Wednesday, after the release of downbeat U.S. housing sector data and as investors remained cautious before the Federal Reserve’s highly anticipated monetary policy statement scheduled later in the day.

The U.S. national Association of realtors said sales of existing homes unexpectedly rose 1.7% last month, but they have yet to their lowest level in a year, to 5.35 million units.

The data came a day after the U.S. Commerce Department reported that the number of housing starts unexpectedly fell in August, while building permits unexpectedly jumped.

Later Wednesday, the U.S. central bank was widely expected to leave its interest rates, but it was also likely to announce plans to trim its $ 4.2 trillion in the portfolios of securities.

The refuge japanese yen and the Swiss franc have been always rising, as the USD/JPY slid 0.14% to 111.44 and USD/CHF easing 0.08% to 0.9618.

Traders were also cautious amid a potential rise in tensions between the UNITED states and North Korea continued to harden the statements of the AMERICAN President Donald Trump.

In his first speech before the United Nations General Assembly on Tuesday, Trump said, «the united States has great strength and patience, but if it is forced to defend itself and its allies, we have no choice, but to totally destroy North Korea.»

Elsewhere, the EUR/USD was almost unchanged at 1.2000, while the pair GBP/USD has gained 0.56% to 1.3576, re-approaching Monday, the 15 month high of 1.3620.

The book has been strengthened after the united KINGDOM, Office for National Statistics reported Wednesday that retail sales blew past forecasts in August, an increase of 1.0%.

Sterling came under pressure after the Bank of England Governor Mark Carney said on Monday that «brexit» is going to weigh on the trade with foreign countries, and that the output of the EU was already limiting the potential size of the economy of the united KINGDOM.

However, Carney also said that interest rates are likely to increase in coming months”, reiterating what was said at the BoE’s most recent policy meeting and had already pushed the pound broadly higher.

The australian and New Zealand dollars remained higher, with AUD/USD up 0.69% at 0.8065 and with NZD/USD advancing 0.94% to 0.7386.

During this time, the USD/CAD pair slumped 0.26% to 1.2260.

The US dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.14% to 91.49 10:50 pm (ET) 14:50 GMT), the lowest rate since September 11.



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