Here is what you need to know on Tuesday, May 14: The action in foreign exchange markets remain quiet following Monday's subdued trading.
Here is what you need to know on Tuesday, May 14: The action in foreign exchange markets remain quiet following Monday's subdued trading. The US Dollar Index continues to fluctuate in a tight channel above as investors await producer inflation data for April and Federal Reserve Chairman Jerome Powell's speech. Earlier in the day, the European economic docket will feature ZEW Survey results for Germany and the Euro area.
0800 on Monday but erased a small portion of its daily gains in the American session to close below this level. Early Tuesday, the pair fluctuates in a narrow channel at around 1.0780. USD/JPY rose 0.3% on Monday and continued to push higher toward 156.50 early Tuesday.Japanese Finance Minister Shunichi Suzuki repeated on Tuesday that it is important for currencies to move in a stable manner, reflecting fundamentals. Headded that they will closely monitor the foreign exchange moves.
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 Today: US inflation, Fed's Powell take centre stageThe Greenback kicked off the week on the back foot amidst the generalized better tone in the appetite for the risk-related assets.
Read more »
Forex Today: US Dollar pushes higher ahead of key US data, Fed policy decisionsHere is what you need to know on Wednesday, May 1: The US Dollar (USD) preserves its strength on the first trading day of May as investors gear up for key data releases and the Federal Reserve's monetary policy decisions.
Read more »
Forex Today: The Dollar gathers pace ahead of FOMCFollowing a negative start to the week, the Greenback managed to regain traction and lifted the USD Index (DXY) back above the 106.00 hurdle sustained by data and cautious trade ahead of the Fed’s interest rate decision on Wednesday.
Read more »
Forex Today: US Dollar slides ahead of key GDP dataHere is what you need to know on Thursday, April 25: The US Dollar (USD) stays under modest selling pressure on Thursday as investors gear up for key data releases.
Read more »
Forex Today: Cautious trade supported the Dollar ahead of US GDPThe Greenback regained composure and kept the recent optimism in the risk complex on check ahead of the publication of US GDP figures and inflation gauged by the PCE later in the week.
Read more »
Forex Today: US Dollar consolidates losses ahead of mid-tier dataHere is what you need to know on Wednesday, April 24: After weakening against its major rivals in the American session on Tuesday, the US Dollar (USD) seems to have stabilized in the European morning on Wednesday.
Read more »