Monday, 23 September 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Dollar Slips, Euro Pushes Higher after PMI Data
Thursday, 22 August 2019 15:16 WIB | CURRENCIES |DOLLARCurrency Euro

The dollar slipped lower on Thursday as expectations for further Federal Reserve rate cuts waned, while the euro gained ground after Eurozone private sector data boosted hopes that the bloc's economy could avoid a recession.

The dollar was down 0.2% at 1.1104 euro by 03:47 AM ET (07:47 GMT) after French and German PMI data for August came in ahead of expectations. But the reports showed that Germany's manufacturing sector remained at recession levels and activity in the service sector slowed.

Against the yen, the dollar slid 0.15% to 106.44, following a 0.36% gain on Wednesday, its biggest since Aug. 13.

Wednesday's Fed minutes that showed policymakers viewed last month's cut in interest rates as a recalibration not the start of sustained monetary easing, tempering expectations for another rate cut at the central bank's September meeting.

Investors are now looking ahead to Fed Chairman Jerome Powell's speech at Jackson Hole on Friday for signs of just how far the U.S. central bank is prepared to lower rates.

The British pound was a touch lower against the euro, on course for its second day of losses, as uncertainty about Britain's divorce from the European Union weighed on sterling.

Source : Investing.com

RELATED NEWS
Safe Haven Yen Drifts Lower as Trade Tensions Ease...
Monday, 23 September 2019 15:19 WIB

The safe haven yen drifted lower against the other major currencies on Monday as risk appetite improved after two days of trade talks between the U.S. and China in Washington, which were described as ...

U.S. Dollar Flat; Fed Officials Appearances, Brexit In Focus...
Monday, 23 September 2019 13:14 WIB

The U.S. dollar was little changed on Monday in Asia. Investors will be looking ahead to appearances by a number of Federal Reserve policymakers this week, while Brexit developments also remained in t...

Dollar gives up post Fed gains, sterling hits two-month high...
Friday, 20 September 2019 15:18 WIB

The dollar drifted lower on Friday after central banks in Switzerland and the UK refrained from following the Federal Reserve in cutting rates, and risk appetites ebbed on caution about U.S-China trad...

Dollar erases post-Fed bounce, sterling up on Brexit deal hopes...
Friday, 20 September 2019 08:24 WIB

The dollar nursed losses against most major currencies on Friday, as central banks in Switzerland and the UK refrained from following the Federal Reserve in cutting rates, while risk appetite ebbed on...

Yen Rises against Dollar After BOJ Holds...
Thursday, 19 September 2019 15:17 WIB

The yen rose from a seven week low against the U.S. dollar on Thursday after the Bank of Japan kept monetary policy on hold, in the wake of the Federal Reserve™s overnight decision to cut rates. Th...

LATEST NEWS
Stock market opens modestly lower to kick off the week as global growth fears weigh

U.S. stock-market indexes began Monday morning trade modestly lower, with investors wringing their hands over signs of weakening global growth and the potential for any international slowdown to weigh on domestic expansion. The Dow Jones...

Gold buoyed as weak eurozone data underlines fears over global growth

Gold rose Monday, finding support after a round of downbeat data out of the eurozone underlined worries about global growth prospects and as traders continued to keep an eye on U.S.-China trade talks. Gold for December delivery on Comex rose...

Draghi speech: We continue to stand ready to adjust all of our instruments

In his introductory statement delivered at the hearing before the Committee on Economic and Monetary Affairs of the European Parliament, European Central Bank (ECB) President Draghi repeated that they continue to stand ready to adjust all of their...

POPULAR NEWS
Gold Futures Score First Weekly Gain in a Month
Saturday, 21 September 2019 01:24 WIB

Gold futures climbed Friday to tally a gain for the week, the first in four weeks, as geopolitical tensions remained high, boosting haven demand for...

Hong Kong Stocks Close Down
Saturday, 21 September 2019 03:33 WIB

Hong Kong stocks ended the week with another loss Friday as investors fret over the impact of weeks of sometimes violent protests on the city's...

Wall Street Falls as Trade Optimism Fizzles
Saturday, 21 September 2019 03:27 WIB

Wall Street dropped on Friday after a Chinese agriculture delegation canceled a planned visit to Montana next week, dampening optimism about...

U.S. Oil Prices Up 6% For The Week, Biggest Weekly Gain in 3 Months
Saturday, 21 September 2019 02:17 WIB

Oil futures ended lower on Friday, but tallied a gain of almost 6% for the week, the largest such rise in three months. As the Saudis reveal the...