Sunday, 31 May 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
U.S. Dollar Falls on Continued Fed-Driven Momentum
Friday, 12 July 2019 15:28 WIB | CURRENCIES | Indeks DolarDolar AS

The U.S. dollar extended losses made earlier this week on continued Fed-driven momentum.

The U.S. dollar index that tracks the greenback against a basket of other currencies slipped 0.1% to 96.532 by 1:10 AM ET (05:10 GMT).

Data from the Labor Department that showed an increase in inflation and lower-than-expected initial jobless claims failed to lift the dollar today. However, the data dampened financial market expectations of a more aggressive 50 basis point cut at the Fed's July 30-31 meeting.

The AUD/USD pair and the NZD/USD pair both traded 0.4% higher.

The USD/JPY pair fell 0.1% to 108.32.

The USD/CNY pair inched up 0.1% after U.S. President Donald Trump criticized China did for not buying more American farm products. He claimed that China had agreed to do so in a meeting last month, although that claim was never formally confirmed by the Chinese side.

Source: Investing.com

RELATED NEWS
Euro Tests Highs before Trump's Press Conference on China...
Friday, 29 May 2020 18:30 WIB

The euro extended its gains, testing two-month highs, on Friday as traders waited for U.S. President Donald Trump's response to China's tightening control over Hong Kong, which could worsen tensions b...

Euro and yen gain before Trump's press conference on China...
Friday, 29 May 2020 15:56 WIB

The euro extended its gains on Friday to a two-month high as traders waited for U.S. President Donald Trump's response to China's tightening control over Hong Kong, which could further worsen tensions...

Dollar In Narrow Range As Focus Shifts To Trump China Response...
Friday, 29 May 2020 08:19 WIB

The dollar was hemmed into a narrow trading range on Friday as traders™ focus shifted to U.S. President Donald Trump™s response to China™s passage of a national security law for Hong Kong. The ...

Sterling Falls Below $1.225, Held Down by Brexit, Negative Rates Risk...
Thursday, 28 May 2020 18:25 WIB

The pound fell against the dollar and euro on Thursday, little changed after Wednesday's reports that Brexit talks are at an impasse, and still held down by speculation about negative interest rates. ...

Euro creeps higher on EU recovery fund optimism...
Thursday, 28 May 2020 15:23 WIB

The euro continued to rise on Thursday, boosted by a 750 billion euro (673.70 billion pounds) EU plan to prop up the bloc™s coronavirus-hit economies, though gains were limited as doubts about deliv...

LATEST NEWS
Hong Kong stocks end week with more losses (Review)

Hong Kong stocks finished with more losses Friday as traders nervously await Donald Trump's news conference, in which he will set out the US response to China's plans to impose a security law on the financial hub. The Hang Seng Index fell 0.74...

Stocks Erase Early Losses to End Mixed as Trump Refrains From Tearing Up U.S.-China Trade Deal

Stocks reversed early losses to post a mixed finish Friday, capping a strong weekly and monthly performance, after President Donald Trump announced a series of measures aimed at punishing China over its treatment of Hong Kong but refrained from...

U.S. oil futures reverse course to finish higher, climb 88% for the month

U.S. oil futures reversed course to finish higher Friday, getting a boost as traders eye developments tied to Hong Kong related tensions between the U.S. and China, and as another drop in U.S. oil rigs suggested further domestic production...

POPULAR NEWS
Gold prices settle slightly higher Thursday
Friday, 29 May 2020 01:18 WIB

Gold prices notched a slight gain Thursday as investors focused on intensifying friction between the U.S. and China. Continued concerns about...

Hong Kong stocks hit by China-US stand-off (Review)
Friday, 29 May 2020 03:31 WIB

Hong Kong stocks sank Thursday as traders grow increasingly worried about the impact on the city's future from a US decision to revoke its...

Gold prices rise as Hong Kong dispute riles China-U.S. ties
Thursday, 28 May 2020 16:43 WIB

Gold prices on Thursday recovered after touching a two-week low the previous session, as the rift between Washington and Beijing over Hong Kong...

Gold Prices Head Higher as China-U.S. Tensions Spur Haven Buying
Thursday, 28 May 2020 20:25 WIB

Gold futures rose on Thursday as China-U.S. tensions remained in focus, driving haven buying on Wall Street. Elevated animosities between Beijing...