Monday, 17 December 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Euro climbs to three-week high as dollar weakens
Tuesday, 17 April 2018 16:13 WIB | CURRENCIES |DOLLAR Euro

The euro rose above $1.24 to a three-week high on Tuesday after solid Chinese economic data and receding worries about more U.S. strikes in Syria revived risk sentiment, weakening the dollar.

U.S. President Donald Trump's comments about China and Russia trying to devalue their currencies this week also weighed on the greenback, with investors believing that the U.S. administration wants to see a weaker currency.

That supported euro buyers and helped the single currency rally 0.3 percent to $1.2412 EUR=, its highest since March 28.

A key economic sentiment index published out of Germany later on Tuesday could help the euro hold above $1.24, analysts said, and encourage euro bulls again after a rally in the single currency earlier this year ran out of steam.

The dollar, measured against a basket of major currencies, fell 0.2 percent .DXY.

That weakness included drops against sterling GBP= and against several Asian currencies including the Korean Won KRW=, which were bought on hopes that a U.S.-China trade spat would calm down.

Source :  Reuters

RELATED NEWS
Dolar AS Menguat Jelang Pertemuan The Fed...
Friday, 14 December 2018 17:30 WIB

Dolar AS lebih tinggi pada Jumat ini, karena para investor mengalihkan fokusnya ke kenaikan suku bunga Federal Reserve yang diperkirakan pekan depan, bahkan ketidakpastian atas kenaikan tahun depan te...

AUD/USD Falling into the Week's Lows at 0.7180 on China Data Flub...
Friday, 14 December 2018 09:54 WIB

AUD/USD secara tegas mengarah ke bawah di aksi hari Jumat, jatuh dari 0,7230 untuk menguji terendah minggu ini di 0,7180 di seputar data Penjualan Ritel China. Penjualan Ritel China di 8,1% tahunan u...

Euro Slides On Draghi Somewhat Downbeat Eurozone Outlook...
Thursday, 13 December 2018 23:36 WIB

Euro melemah pada hari Kamis, setelah Presiden Bank Sentral Eropa Mario Draghi terdengar lebih suram daripada yang diperkirakan dalam konferensi pers terakhir bank sentral tahun ini. ECB mempertahank...

Pound, Euro Climb with Brexit, ECB Meeting in Focus...
Thursday, 13 December 2018 16:02 WIB

Pound dan euro Inggris keduanya lebih tinggi pada Kamis ini, karena investor tetap berfokus pada perkembangan Brexit serta pertemuan kebijakan akhir Bank Sentral Eropa tahun ini. Pound berada di depa...

USD/JPY Remains Steady in Tokyo, Bulls Need to Get Above 113.70...
Thursday, 13 December 2018 08:52 WIB

USD/JPY tergelincir -0,2% ke 113,20 semalam di mana dolar tertekan menyusul sentimen bullish seputar hubungan perdagangan China/AS yang mendorong risiko dan pasar saham AS memacu pelepasan posisi long...

LATEST NEWS
Hong Kong stocks close week with sharp losses

Hong Kong shares tumbled Friday as fresh data pointed to further weakness in China's economy while investors also cashed in profits following a broadly positive week. The Hang Seng Index dropped 1.62 percent, or 429.56 points, to 26,094.79. The...

Dow Ends in Correction Territory as Stocks Tumble on China Worries

Stocks ended the week on a down note Friday, falling sharply on worries about global growth after weaker-than-expected Chinese data. The Dow Jones Industrial Average fell around 496 points, or 2%, to finish near 24,101, according to preliminary...

Oil Ends Lower For The Week; Natural Gas Sees Biggest Weekly Plunge Since 2016

Oil prices fell on Friday, settling lower for the week, as a stronger dollar cut global demand for U.S.-priced commodities and a slide for the stock market sullied the risk-taking mood. Meanwhile, natural-gas futures took a plunge that left them...

POPULAR NEWS
Gold Declines as Palladium Retreats From a Record Settlement
Friday, 14 December 2018 02:55 WIB

Gold futures ended lower Thursday, with overall strength in the dollar helping the metal build on its losses for the week, while palladium eased...

Hong Kong Stocks End With More Healthy Gains
Friday, 14 December 2018 04:47 WIB

Hong Kong shares rallied more than one percent for the second straight day Thursday as investors grow optimistic for China-US trade talks. The Hang...

Gold Declines as Trade Tensions Ease, Fed Set to Meet
Friday, 14 December 2018 17:56 WIB

Gold headed for its biggest weekly drop in five weeks, as investors weighed easing trade tensions between the U.S. and China ahead of the U.S....

Hong Kong stocks close week with sharp losses
Saturday, 15 December 2018 04:16 WIB

Hong Kong shares tumbled Friday as fresh data pointed to further weakness in China's economy while investors also cashed in profits following a...