Friday, 24 May 2019
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U.S. Dollar Flat as Investors Turn to Stocks
Tuesday, 16 April 2019 23:53 WIB | CURRENCIES |DOLLARDolar AS

The greenback was flat as upbeat Chinese and European data eased investor concern over the global economy and investors flocked to equities after upbeat earnings.

The U.S. dollar index, which measures the greenback's strength against a basket of six major currencies, rose 0.06% to 96.618 as of 11:17 AM ET (15:17 GMT).

Housing prices in China rose at the fastest pace since April 2017 in March, helping ease concerns over the slowing economy, while the German ZEW economic sentiment index jumped more than expected in April.

Upbeat earnings reports also shifted investor focus on U.S. equities after better-than-expected earnings from Johnson & Johnson (NYSE:JNJ) and others.

The dollar was down against the safe-haven yen, with USD/JPY slipping 0.08% to 111.98.

Source : Investing.com

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