Greenback drops as American data keeps weighing

Greenback drops as American data keeps weighing

On Tuesday, the evergreen buck declined versus other key currencies, as last session’s dismal American economic reports kept weighing and trading was supposed to remain quiet with no American data set to be published throughout the trading session.

The currency pair EUR/USD grew 0.17%, being worth 1.0916.

The US dollar was still under pressure after the Institute of Supply Management told that in April its manufacturing purchasing managers’ index sagged to 54.8 from 57.2 last month, compared to hopes for a drop to 56.5.

A separate report unveiled that in March American personal spending was intact, thus ruining hopes for a 0.2% ascend and after a 0.1% surge.

The currency pair GBP/USD stood still, showing 1.2887.

As for USD/JPY, this currency pair added 0.19%, trading at 112.06, thus demonstrating the highest value since March 31.

The Australian dollar didn’t change, with AUD/USD, keeping to 0.7528 after the country’s major bank left its interest rate intact at 1.50%. 

Similar

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera