Here is what you need to know on Tuesday, April 23: Major currency pair fluctuate in relatively tight channels early Tuesday as investors await key data releases.
S&P Global will publish preliminary April Manufacturing and Services PMI data for the Eurozone, the UK and the US later in the day. The US economic docket will also feature New Home Sales data for March. The US Dollar Index, which tracks the USD's performance against a basket of six major currencies, closed the first day of the week virtually unchanged.
Composite PMI in Germany rose to 50.5 in early April from 47.7 in March. GBP/USD remained under bearish pressure and touched a multi-month low of 1.2300 before staging a modest rebound in the American session on Monday. The pair was last seen trading slightly below 1.2350. USD/JPY ended the first trading day of the week virtually unchanged. The pair remains stuck in an extremely tight channel slightly below 155.00 early Tuesday.
Currencies Macroeconomics Economicindicator Commodities
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Forex Trading: What is Forex? FX Trading ExplainedForex trading is short for foreign exchange, often called 'FX' and focuses on the exchange of one currency for another.
Read more »
Forex Today: Markets remain choppy ahead of US data releasesHere is what you need to know on Tuesday, March 26: Major currency pairs fluctuate in relatively tight ranges early Tuesday as investors refrain from taking large positions ahead of macroeconomic data releases from the US.
Read more »
Forex Today: US Dollar firmer ahead of Fed’s favorite inflation gaugeWhat you need to take care of on Friday, March 28: The US Dollar surged on Thursday, helped by hawkish comments from Federal Reserve (Fed) official Waller, who suggested the central bank may keep rates at current restrictive levels for longer.
Read more »
Forex Today: Cautious trade prevails ahead of US PayrollsAnother negative session saw the Greenback shed further ground amidst the dominating appetite for riskier assets, all prior to the release of key Non-farm Payrolls on Friday.
Read more »
Forex Today: Market action slows down ahead of this week's key eventsHere is what you need to know on Tuesday, April 9: Major currency pairs fluctuate in familiar ranges early Tuesday as investors move to sidelines while waiting for a fresh catalyst.
Read more »
Forex Today: US Dollar stretches higher ahead of Fedspeak, housing dataHere is what you need to know on Tuesday, April 16: The US Dollar (USD) continues to gather strength early Tuesday after outperforming its major rivals on Monday.
Read more »