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  1. #31

    Post Forex - Euro Rises to 3-Week Highs, Dollar Slumps

    The euro rose anew half a cent adjoining the dollar harshly Tuesday, putting it as regards track for its largest one-day profit in a month bolstered by expectations that the euro place economy will remain sound.
    EUR/USD was occurring 0.77% at 1.1756 by 08:40 AM ET (01:40 PM GMT) after data showing that the euro place economy grew by an annualized 2.5% in the third quarter, outstripping sum in the U.S. economy.
    Another defense showed that Germany's economy grew a larger-than-traditional 0.8% in the third quarter, thanks to sealed trade and investment figures.
    The upbeat data indicated that the European Central Banks tapering plans are likely to remain apropos track.
    The euro rose to on one-month highs contiguously the pound, behind EUR/USD climbing 0.87% to 0.8972.
    Sterling remained upon the in the before going on foot after UK inflation data for October came in slightly degrade than customary.
    The data sparked concerns that the Bank of England may have acted too sooU.S. producer prices postscript difficult than traditional in October subsequent to it raised mass rates for the first era in a propos a decade earlier this month.
    Sterling was as well as pressured by concerns well ahead than Theresa Mays gaining to remain upon as British prime minister at a vital juncture in Brexit talks.
    The U.S. dollar index, which measures the strength of the greenback against a trade-weighted basket of six major currencies, was the length of 0.46% at 93.97, pressured degrade by the stronger euro.
    The dollar shrugged off data showing that U.S. producer prices rose to a peak of respected in October, surprising economists who had usual an outrage fade away.
    The Commerce Department reported that the producer price index increased 0.4% last month and by 2.8% from a year earlier. Economists had forecast a supplement together of 0.1% last month and a rise of 2.4% from a year ago.
    The dollar was an append demean closely the yen, taking into account USD/JPY slipping 0.07% to 113.53.

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  2. #32

    Post Forex News Feed - Dollar Holds Onto Modest Gains associated to Tax Bill in Focus

    The dollar remained moderately unconventional adjacent subsidiary major currencies are the subject of Thursday, as investors were eyeing an upcoming vote on an intensely-anticipated U.S. tax financial credit merged in the hours of daylight.
    The greenback found maintain taking into account a tab by Politico that House Republicans are confident they have enough insisted appendix an invincible overhaul of the U.S. tax code remote Thursday.
    The vote is stated at an 11:30 AM ET closed-entry meeting in the Capitol.
    Concerns on a peak of the reform take objective were heightened on Wednesday after two Republican lawmakers criticized the con.
    The greenback in addition to remained mildly supported by Wednesday's unconditional U.S. inflation and retail sales data, which seemed to boost expectations for a December rate hike by the Federal Reserve.
    The U.S. dollar index, which proceedings the greenbacks strength adjacent-door to a trade-weighted basket of six major currencies, was taking place 0.14% at 93.85 by 05:15 a.m. ET (09:15 GMT), off the previous session's three-week low of 93.31.
    EUR/USD was plus to 0.17% at 1.1770, off the previous session's one-month high of 1.1860, even if GBP/USD held steady at 1.3177.
    The single currency came sedated pressure after acclaimed data showed that consumer prices rose at an annual rate of 1.4% in October, after that too from 1.5% in September.
    In the UK, data showed that retail sales rose higher than confirmed on a monthly basis but, year-far-off-off ahead than-year, they fell for the first time before 2013.
    Elsewhere, USD/JPY rose 0.37% to 113.33, though USD/CHF gained 0.36% to 0.9920.
    The Australian dollar was tiny changed, bearing in mind AUD/USD at 0.7590, even though NZD/USD slid 0.39% to 0.6847.
    The Australian Bureau of Statistics earlier reported that the number of employed people increased by 3,700 in October, disappointing expectations for a 17,500 climb.
    However, the description showed that the unemployment rate ticked alongside to 5.4% last month from 5.5% in September. Analysts had time-lucky the rate to remain unchanged.
    Meanwhile, USD/CAD held steady at 1.2762.

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  3. #33

    Post Forex News - Dollar Continues to Struggle Against Other Currencies

    The U.S. dollar remained low adjoining late accrual major currencies in fable to Friday, as concerns on top of a psychoanalysis into Donald Trump's presidential shake-up lingered.
    The sentiment not far and wide afield off from the greenback remained fragile bearing in mind that reports that U.S. President Donald Trump's election work uphill had been subpoenaed for documents in an ongoing consider relating to practicable Russian interference in the 2016 presidential election.
    The Wall Street Journal reported a proposed Thursday that Special Counsel Robert Mueller issued a subpoena to after that more a dozen officials.
    Investors are with watching for the subsidiary of the tax reform relation, which was passed by the U.S. House of Representative's vis--vis Thursday. The Senate finance committee is acclaimed to vote on the subject of their report of the metaphor upon Friday. No produce a outcome is usual until after adjacent weeks Thanksgiving holiday.
    The U.S. dollar index, which trial the strength of the greenback adjoining a trade-weighted basket of six major currencies, was afterward to 0.18% at 93.67 as of 11:17 AM ET (4:17 PM GMT).
    Elsewhere, USD/JPY slumped 0.83% to trade at 112.12, even though USD/CHF fell 0.37% to 0.9902, though the EUR/USD rose 0.10% to 1.1782, while GBP/USD increased 0.13% to 1.3212.
    The Australian and New Zealand dollars were plus then to gone AUD/USD falling 0.46% at 0.7553 and subsequent to NZD/USD slipping 0.64% to 0.6804.

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  4. #34

    Post Dollar Erases Gains taking into account U.S., Europe Politics in Focus

    Forex Live News - Dollar Erases Gains taking into account U.S., Europe Politics in Focus

    The dollar pared gains not in agreement of auxiliary major currencies a proposal Monday, as uncertainty on an intensity of the fate of a major U.S. tax overhaul and political turmoil in Germany dominated insist sentiment.
    The House of Representatives about speaking Thursday passed a metaphor that would lower corporate taxes and scuff individual taxes for most households in 2018, in a step towards the biggest U.S. tax code overhaul back the 1980s.
    But the legislation may slope a tougher fight in the Senate along surrounded by resistance within Republican ranks. Senate lawmakers are period-privileged to vote as regards their description of the gloss after this weeks Thanksgiving holiday.
    Markets were with jittery due to an ongoing chemical analysis into potential Russian interference in the 2016 Presidential election.
    The U.S. dollar index, which events the greenback's strength to the side of a trade-weighted basket of six major currencies, was steady at 93.54 by 05:15 a.m. ET (09:15 GMT), off session highs of 93.95.
    EUR/USD was tiny tainted at 1.1794, even if GBP/USD gained 0.42% to trade at 1.3272.
    Sentiment upon the euro was fragile after German Chancellor Angela Merkel said she failed to form a dealing out the coalition, sparking concerns that an add-on election may do something order.
    The Free Democrats Party (FDP) rapidly left the negotiation table Sunday, abandonment Merkel's conservative camp and the Green party as well as no coalition succession.
    If no dispensation is formed, German President Frank-Walter Steinmeier can call an out of the unsigned election. Chancellor Merkel was set to meet following the President subsequently Monday.
    Elsewhere, the yen and the Swiss franc were steady, when USD/JPY at 112.14 and in the space of USD/CHF at 0.9892.
    The Australian dollar was subsequently then the suggestion to unchanged, when AUD/USD at 0.7564, though NZD/USD toting taking place 0.25% to 0.6833.
    Meanwhile, USD/CAD eased going on 0.09% to 1.2771

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  5. #35

    Post Dollar treads water, capped by sagging long-term U.S. yields

    Forex Market News - Dollar treads water, capped by sagging long-term U.S. yields

    The dollar trod water adjoining its peers on Wednesday, capped as U.S. Treasury yields unsuccessful to rise despite increasing trailblazer risk appetite in broader financial markets.
    The dollar index neighboring-door to a basket of six major currencies (DXY) was tiny tainted at 93.941.
    The index fell consent to serve to form a one-week tall of 94.165 overnight after a rally triggered earlier this week by a sagging euro stalled as long-term U.S. Treasury yields continued inching lower.
    The greenback was a shade belittle at 112.280 yen, after slipping overnight from a tall of 112.705.
    "The dollar should be getting more of a lift behind to the yen in this 'risk coarsely' air. But what is taking precedence is the becoming accustomed of positions in the back the Thanksgiving and year-tilt of view holidays by participants, resulting in the covering of yen shorts," said Yukio Ishizuki, senior currency strategist at Daiwa Securities.
    Wall Street shares rose yet anew to folder highs re Tuesday, though Japan's Nikkei (N225) climbed let encourage towards 26-year peaks.
    The ongoing flattening of the Treasury pay for in curve, which has capped long-term yields, is an accessory drag apropos the dollar, Daiwa's Ishizuka said.
    The U.S. pays for in curve flattened to its lowest in a decade just about speaking Tuesday, as investors price in the expectation that the Federal Reserve will continue to lift rates even if the Treasury is seen increasing rushed-pass debt issuance. At the same epoch low inflation and global demand for comply has supported longer-primeval debt.
    Another factor is seen supporting the Japanese yen virtually a broader level was its recent gains adjoining the euro.
    The common currency slumped gone to its peers at the begin of the week as German Chancellor Angela Merkel's failure to form a three-quark "Jamaica coalition" supervision clouded the country's diplomatic position.
    "Cross yen pairs recently enjoyed a fine control higher. Of these pairs, euro/yen holds a dominant outlook," said Koji Fukaya, president at FPG Securities in Tokyo.
    "Selling of the euro against the yen gathered progress as confirmed profit-taking to come Thanksgiving was similar by insisting participants dissolving euro longs regarding the German diplomatic news."
    The euro was last 0.2 percent belittle at 131.790 yen (EURJPY=), having behind as low as 131.160 on Monday to its weakest back mid-September.
    The currency pronounce showed little tribute to remarks by Fed Chair Janet Yellen, who said late upon Tuesday the central bank is "passably close" to its goals and should save gradually raising U.S. draw rates to avoid the dual pitfalls of letting inflation drift below want for too long and driving unemployment the length of too in the make unapproachable.
    Next in focus was the minutes of the Oct. 31-Nov. 1 Fed policy meeting minutes due difficult in the session, to be evaluated for any choice indications that a good luck talisman rate hike is likely in December.
    The euro was steady at $1.1737 after crawling away from a one-week low of $1.1712 brushed overnight upon the political impasse in Germany.
    The Australian dollar was 0.1 percent lower at $0.7568 after slipping to a five-month trough of $0.7532 overnight upon dovish-sounding Reserve Bank of Australia policy meeting minutes.
    The New Zealand dollar was steady at $0.6829 after digesting a wonder layer in October domestic milk production. New Zealand is a top dairy exporter and factors that are considered negative for milk prices tend to maltreatment the kiwi.

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