Greenback edges lower as traders wait for US inflation data

Greenback edges lower as traders wait for US inflation data

On Tuesday, the US currency inched down moderately in Asia, though maintained most of the revenues it made on the previous week's sturdy employment data, which drove hopes that the key US financial institution could still lift interest rates in 2017.

Monitoring the greenback’s value versus a basket of six major counterparts, the dollar index slid 0.1% being worth 93.325.

It stood above the previous week's 15-month minimum of 92.548, although it remained quite shy of Friday's post-jobs data maximum of 93.774 because market participants pondered over the timing of the Fed’s next tightening steps.

American producer prices for July due on Thursday along with consumer price index figures on Friday are going to provide traders with a clue regarding the extent to which the ascending labor market’s actually spilling over into inflation.

The greenback declined 0.1% getting to 110.64 yen. The US currency lost some ground versus the euro that acquired 0.1% being worth $1.1809.

Similar

USD/MXN: optimistic on the vaccine coming?
USD/MXN: optimistic on the vaccine coming?

During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?

Latest news

How to trade ahead and after BOC report?
How to trade ahead and after BOC report?

The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.

US earnings in January 2021: what you need to know
US earnings in January 2021: what you need to know

We are now past the middle of January, and this means that the largest US companies will report their earnings for the fourth quarter and many of them will provide the results of the entire 2020.

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

Manager will call your number

Correct number

Your request is accepted

Manager will call your number

Next callback request for this phone number
will be available in {time}

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

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