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

USD/CAD dives notwithstanding dismal Canadian data

On Monday, the greenback dived versus its Canadian rival notwithstanding the publication of dismal Canadian data because the American government shutdown kept dampening demand for the US currency…

Aussie dives, Kiwi stands still in late trade

On Monday, the Australian dollar sank versus its American rival, while the New Zealand dollar was intact because market participants were still digesting the American government shutdown…

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

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

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