Forex: Dollar Creeps Lower on Cooling Hopes of Delay to Tariffs on China

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Invesing.com – The U.S. dollar edged lower on Tuesday, as uncertainty over whether the U.S. would delay planned tariffs on imporrts from China continued to weigh on sentiment.

The , which measures the greenback against a trade-weighted basket of six major currencies, fell by 0.17% to 97.48.

Larry Kudlow, President Donald Trump’s top economic advisor, reportedly said he could not confirm the further tariffs on China would be delayed.

That offset positive news on trade amid a Wall Street Journal report suggesting that the U.S. was mulling a delay to imposing tariffs on China.

Without a deal nor a delay to tariffs before the Dec. 15 deadline, the U.S. is slated to impose tariffs on another $ 156 billion on Chinese goods.

These would include cellphones, laptops and tablets made in China, along with toys, office and schools supplies, some clothing, and even frozen Alaskan pollock fillets.

The dollar was also hurt by a rise in both the euro and the pound.

rose 0.22% to $ 1.1086 as economic data, including a in Germany, was not as bad as feared.

With just two days until U.K. voters head to the booths, the continued to rack up gains against the greenback amid expectations that the ruling Conservative party will secure a parliamentary majority.

Firmer also underpinned a bid in sterling.

rose 0.32% to 1.3184.

As a conservative victory is almost fully priced-in, “even a landslide victory might hardly see the pound rise,” said Oliver Allen at Capital Economics.

rose 0.19% to Y108.75 and was flat at C$ 1.3237.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

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Forex – U.S. Dollar Unmoved Ahead of Fed Meetings, Looming Tariff Deadline

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Investing.com – The U.S. dollar was unmoved on Tuesday in Asia ahead of central bank meetings and a looming tariff deadline later this week.

The U.S. dollar index that tracks a basket of other currencies was unchanged at 97.610 by 12:30 AM ET (04:30 GMT).

On the radar this week are policy meetings at the U.S. Federal Reserve and the European Central Bank. While the two central banks are not expect to announce any significant changes to their policies, traders will pay attention to clues on whether more easing is in store next year.

On the Sino-U.S. trade front, investors awaited to see whether Washington will go ahead with a planned Dec. 15 tariff hike on Chinese goods.

Bloomberg reported overnight that U.S. Agriculture Secretary Sonny Perdue said Washington is unlikely to impose more tariffs on Chinese exports on Dec. 15.

“We have a deadline coming up on the Dec. 15 for another tranche of tariffs, I do not believe those will be implemented and I think we may see some backing away,” Perdue said, according to Bloomberg.

The EUR/USD pair was near flat at 1.1065, while the GBP/USD pair inched up 0.1% to 1.3151.

The AUD/USD pair and the NZD/USD pair both gained 0.2%.

The USD/JPY pair edged up 0.1% to 108.62.

The USD/CNY pair was little changed at 7.0382, little impacted by data today that showed China’s producer price index was down 1.4% year-on-year, falling for the fifth month in a row. The drop compared with the 1.5% expected decline and the 1.6% fall in October.

Meanwhile, the consumer price index for November jumped 4.5% year-on-year, as food prices skyrocketed 19.1% amid an outbreak of African swine fever.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Forex: Dollar Surges Against Euro on Stronger U.S. Jobs Report

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Investing.com – The U.S. dollar rallied on Friday as stronger-than-expected U.S. jobs gains last month reaffirmed beliefs that the economy remained on solid footing.

The , which measures the greenback against a trade-weighted basket of six major currencies, rose by 0.35% to 97.75.

The U.S. created jobs last month, topping economists’ forecast of 186,000.

The unexpectedly dropped to 3.5% and wage growth slipped to 0.2% in November, lower than expectations of 0.3%.

Following the stronger-than-expected jobs report, TD economists said the Federal Reserve can sit comfortably on the sidelines after cutting rates three times this year.

“As long as international risks do not intensify and hurt confidence domestically, the American economy will remain in expansion, supported by a healthy consumer,” the firm added.

The , which was already under pressure amid weaker German data, fell 0.45% against the greenback to $ 1.105.

fell 0.12% to Y108.62, while jumped 0.67% to C$ 1.326, with the latter coming under pressure following a weaker-than-expected .

The plunge in the comes amid reports that Bank of Canada governor Stephen Poloz is set to step down just days ahead of the central bank’s .

slipped 0.23% to $ 1.312, giving up some of its gains earlier this week, when the pair hit seven-month highs on bets that the Conservative party in the U.K., led by Prime Minister Boris Johnson, would likely win a majority of the seats in the General Election.

With a Tory majority, Boris Johnson will likely be able to get his Brexit deal approved, ending the current parliamentary deadlock on Brexit, which has weighed on economic activity.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Dollar heads for weekly decline as data and trade tensions weigh

By Tom Westbrook

SINGAPORE (Reuters) – The dollar nursed a week of losses on Friday, hit by nervousness on trade and mixed signals about the U.S. economy, while the British pound stood tall as bets firmed that Prime Minister Boris Johnson can win a commanding electoral victory.

The safe havens of the Japanese yen and Swiss franc were in demand as a hedge against Sino-U.S. trade talks collapsing, and as investors fretted that U.S. jobs figures due later in the day may fail to deliver an expected rebound.

“Markets are in a highly fragile condition at the moment,” said Michael McCarthy, chief market strategist at CMC Markets in Sydney.

“So there is a greater potential for an exaggerated move if we see a big divergence from expectations on non-farm payrolls – but the risk is in both directions, particularly with the lack of trade news.”

The euro () held on to overnight gains against the greenback to buy $ 1.1104, having climbed 0.8% this week. The yen has added 0.9% on the dollar this week and was steady at 108.72 yen per dollar on Friday.

Against a basket of currencies () the dollar has dropped every day this week for a cumulative loss of almost 1%.

The best gains have been won by the soaring and British pound. The kiwi sat just below a four-month high touched on Thursday at $ 0.6541, having gained 1.8% this week as expectations for deep monetary easing have ebbed.

Sterling climbed to a 2-1/2 year high of 84.28 pence against the euro () overnight – holding near there on Friday – and has advanced 1.7% against the dollar this week, last trading at $ 1.3158 .

Opinion polls suggest the ruling Conservatives will win an outright majority in the Dec. 12 election, removing some of the uncertainty around Britain’s exit from the European Union that has weighed on the currency for years. Cable has rallied 10% since September lows.

“There’s still a bit of nervousness about being too convinced,” said Jim Leaviss, head of fixed income at fund manager M&> Investments. “But nevertheless cable seems to think that we do get a clear majority for Boris Johnson,” he said.

“That means that we leave the EU on the 31st of January…I think the options market was pricing in another 7% upside on a Conservative victory, and I think that’s justified fundamentally.”

On the trade front, U.S. President Donald Trump remained upbeat overnight and said talks are “moving right along”.

Worries stem from a lack of similar enthusiasm from the Chinese side, after Chinese officials reiterated their stance that some U.S. tariffs must be rolled back for a deal.

The focus on U.S. non-farm payrolls, due at 1330 GMT, comes after dismal data through the week that showed weak private payrolls, soft services activity and a shrinking manufacturing sector.

A Reuters poll shows a forecast of 180,000 jobs being added in November. “Below 150,000 or above 210,000 we could see a significant market reaction,” said CMC Markets’ McCarthy.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Forex- U.S. Dollar Falls on Mixed Trade Signals; Pound Rises 

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Investing.com – The U.S. dollar fell on Thursday, as mixed trade signals kept investors at bay.

Earlier in the day, China reiterated its expectations that tariffs should be lifted as part of a phase-one deal, after Bloomberg reported on Wednesday that U.S. officials expect a deal before the latest round of American tariffs takes effect on Dec. 15.

The news was a complete turnaround from comments from U.S. President Donald Trump earlier in the week. Trump said Tuesday that a deal could be made after the 2020 election, sending markets reeling.

The , which measures the greenback’s strength against a basket of six major currencies, slipped 0.2% to 97.458 as of 10:31 AM ET (15:31 GMT). The dollar was lower against the safe-haven Japanese yen, with down 0.1% to 108.75.

Elsewhere, the pound continued to rise due to confidence that the Conservative Party will win the general election on Dec. 12. gained 0.2% to 1.3129, while rose 0.2% to 1.1853.

was up 0.2% to 1.1092, despite a fresh drop in German earlier in the day that point to another weak quarter for the euro zone’s largest economy.

The Canadian dollar was edged slightly higher after data showed that Canada’s slightly narrowed in October. fell 0.1% to 1.3184.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Forex – U.S. Dollar Falls as Trump Hints at Trade Delay

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Investing.com – The U.S. dollar was lower on Tuesday after comments from U.S. President Donald Trump sparked a flight to safer assets.

The , which measures the greenback’s strength against a basket of six major currencies, slipped 0.1% to 97.680 as of 10:56 AM ET (15:56 GMT). The dollar was lower against the safe-haven Japanese yen, with down 0.4% to 108.55.

Trump told reporters in London that a trade deal may need to wait until after the 2020 election, which is a stark contrast to reports over the last two weeks.

“In some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now and we will see whether or not the deal is going to be right,” Trump told reporters in London.

He later said at a press conference with Canadian Prime Minister Justin Trudeau that China wants to make a deal. The U.S. is expected to go through with tariff increases against China on Dec. 15, which could spark more disagreements between the two superpowers.

Elsewhere, the pound rose after opinion polls showed UK Prime Minister Boris Johnson in the lead to win December’s election, which would secure a Brexit deal. gained 0.4% to 1.2980 and was flat at 1.1079. The South African rand extended declines against against the dollar after its economy contracted in the third quarter. jumped 1.1% to 14.6931.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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US dollar climbs, trade talks in focus

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Investing.com – The dollar climbed, and Asian currencies moved sideways on Tuesday morning in Asia after US President Donald Trump announced plans to reinstate steel and aluminum tariffs on Brazil and Argentina.

The announcement followed the release Monday in the US of new data from the Institute of Supply Management (ISM) which noted that manufacturing activity there contracted in November. The fell to 48.1 in November, below expectations. A reading under 50 suggests contraction. The US dollar gained some ground on morning trade in Asia. The , which tracks the greenback against a basket of currencies, was up 0.07% to 97.92 by 8:50 PM ET (01:50 GMT).

US-China trade talks remained a focus for traders with uncertainty remaining after Trump said on Monday that the signing last week of two pieces of legislation in the US that support protesters in Hong Kong would not make negotiations easier, but that China still wants a deal.

Over the weekend, Global Times, a nationalist English-language tabloid in China, tweeted that a phase one trade deal would require that the US roll back tariffs. The next batch of American tariffs on Chinese goods are due to take effect on Dec. 15.

In mainland China, The People’s Bank of China (PBOC) set the reference rate for the yuan, the midpoint around which the currency is allowed to trade, at 7.0223, slightly weaker than the 7.0409 on Monday.

The pair was down 0.03% to 1.2933 as the UK moves closer to an election on December 12. The results of the election could lend some clarity to the future of Brexit.

The was down 0.05% to 1.1072.

The pair gained in morning trading and was up 0.07% to 109.04.

The pair was flat at 0.6817 while the was marginally down, dropping 0.02% to 0.6501.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Dollar stands tall as upbeat U.S. data trims Fed cut bets

By Tom Westbrook

SINGAPORE (Reuters) – The dollar headed for its highest weekly finish against the safe-haven yen since May on Friday, as data showing the U.S. economy on a firm footing prompted investors to scale back rate-cut bets.

Nerves persisted though, as other major currencies spent the week rangebound, navigating a blizzard of trade-war headlines that offered few clues as to when or how an overdue truce might be agreed between Washington and Beijing.

“There seems to be pretty good optimism around the trade talks going on between U.S. and China,” said William O’Loughlin, a portfolio manager at Rivkin Securities in Sydney.

“Though as we know that can change on a dime…the rally doesn’t feel like a euphoric, super-bullish rally, it does feel like climbing the wall of worry.”

On Friday, the dollar was steady at 109.51 Japanese yen , and if it holds there will post a 0.7% gain for the week and hit its highest weekly close since May 31. Overnight trade was light with U.S. desks closed for Thanksgiving.

The British pound has been the week’s other main beneficiary, adding half a percentage point as Prime Minister Boris Johnson’s Conservative Party has firmed in opinion polls ahead of the Dec. 12 election.

Sterling was steady on Friday at $ 1.2910, while the euro () held at $ 1.1012.

“The market has come to the view that this is Johnson’s election to lose now,” said Chris Weston, head of research at Melbourne brokerage Pepperstone, with expectations he can win with a large margin.

“That said, should any polls call this margin into question, where invariably there will be one or two, then GBP could see a sharp sell-off, although I would be using that weakness to buy.”

The dollar’s strength this week has drawn on hopes that the United States and China are indeed in the process of negotiating a ceasefire in their damaging tariff war, and strong U.S. economic data.

China has vowed to impose “firm countermeasures” after Trump’s approval of a bill backing Hong Kong’s pro-democracy protesters on Wednesday, but is yet to indicate whether they would have any bearing on trade talks.

U.S. growth picked up slightly in the third quarter, data showed on Wednesday, in contrast to other indicators showing a slowdown in global activity.

The Fed also flagged an upbeat outlook amid signs of labor market strength and a possible turnaround in business investment.

That prompted a pullback on rate cut bets for this year and next, with the market now pricing in a 5% chance the Fed will hike rates next month and mostly expecting it to hold steady.

The strong greenback has Australian dollar slightly weaker for the week, but steady on Friday ahead of a central bank meeting on Tuesday, where the market has priced an 11% chance of a cut in interest rates to a record low 0.5%.

It last traded at $ 0.6767, not far above a six-week low hit on Thursday.

The New Zealand dollar was flat on Friday at $ 0.6418 and held its ground for the week, buoyed by rebounding business sentiment.

China’s yuan was steady at 7.0287 per dollar in offshore trade.

Graphic: World FX rates in 2019 (http://fingfx.thomsonreuters.com/gfx/rngs/GLOBAL-CURRENCIES-PERFORMANCE/0100301V041/index.html)

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Forex – U.S. Dollar Stays Little Changed After Strong Data; HK Concerns Weigh

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Investing.com – The U.S. dollar stayed little changed on Friday in Asia following the release of strong economic data earlier this week.

The last traded at 98.250 by 12:45 AM ET (04:45 GMT), down 0.04%. Data showed this week that the U.S. economy grew at a 2.1% annualized rate, compared to 1.9% in the first reading. The data was in contrast to other indicators showing a slowdown in global activity.

In a separate report, durable goods gained 0.6% after falling 1.4% in the prior month.

Sino-U.S. trade progress remained in focus after U.S. President Donald Trump approved two bills that back Hong Kong’s anti-government protestors. While China has vowed to retaliate, it has not taken any action so far and it is unclear if that will have any bearing on trade talks.

The next batch of American tariffs on Chinese goods are due to begin on Dec. 15.

The U.S. equities and bond markets were closed on Thursday for the Thanksgiving Holiday.

The pair was near flat at 1.2915 as U.K. Prime Minister Boris Johnson’s Conservative Party has firmed in opinion polls ahead of the Dec. 12 election.

The pair inched up 0.1% to 1.1011.

The pair slipped 0.1% at 109.45 as falling Chinese and Hong Kong stocks sent the safe-haven yen slightly higher.

The pair and the pair gained 0.1% and 0.4% respectively.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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Forex- U.S. Dollar Treads Water in Holiday-Thin Trade  

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Investing.com – The U.S. dollar was flat on Friday in holiday-thinned trade as U.S-China trade progress remained in focus. But Latin American currencies rermained active, with Brazil’s real seeing more sharp moves.

U.S. President Donald Trump signed a law backing Hong Kong protests on Wednesday despite potential backlash from Beijing as the two superpowers try to resolve their trade differences. Chinese officials have threatened to take “firm countermeasures” and Chinese Vice Foreign Minister Le Yucheng demanded that Washington immediately stop interfering in China’s domestic affairs.

The law threatens to derail progress on trade talks, with the next batch of American tariffs on Chinese goods due to begin on Dec. 15.

The , which measures the greenback’s strength against a basket of six major currencies, was steady at 98.36 as of 10:32 AM ET (15:32 GMT). The dollar was flat against the safe-haven Japanese yen, with at 109.50.

Trading was thin due to the U.S. Thanksgiving holiday on Thursday, with most investors off until Monday.

But in Brazil the real saw another slump, with up 1.01% to 4.2324, despite intervention by the country’s central bank. The currency hit an all-time low of 4.277 this week following an essentially failed “mega” oil auction accelerated the real’s decline.

Meanwhile the pound inched up, with rising 0.1% to 1.2917 and unmoved at 1.1010.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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