The dollar fell against most of its major counterparts as China refrained from raising interest rates, lifting stock markets at the expense of safer assets.
The dollar weakened against the yen and the euro and declined for the third straight day against the Australian dollar and fourth day against the Canadian currency.
The Canadian dollar extended this month’s increase to 2% versus the dollar, trading within half a cent of parity. The fourth straight days of gains is the longest winning streak in more than a month.
The euro extended its gains after Moody’s Investors Service Inc. said the U.S. tax-cut package up for a procedural vote in the Senate boosts the chances for a negative outlook on the U.S. credit rating.
EUR/USD: the pair shown high in the field of $1,3435.
GBP/USD: the pair has shown high in the field of $1,5890.
USD/JPY: on results of yesterday's session the pair decreased in around Y83,40.
UK data at 0930GMT includes the latest DCLG House Price Index as well as inflation data, where CPI is expected to come in at 0.3% m/m, 3.2% y/y with core CPI at 2.7% y/y.
The main European data release for Tuesday is the ZEW data for December, where the expectations index is seen rising to a reading of +3.8 with the conditions index rising to +84.0. At 1000GMT, EMU industrial production
is expected to come in at 1.1% m/m, 7.4% y/y.
US data starts at 1245GMT with the weekly ICSC shopping center sales data, although the main data starts at 1330GMT with retail sales and PPI. Retail sales are expected to rise 0.7% in November. Industry auto sales stable in the month, while gasoline prices rose further according to AAA. Sales excluding motor vehicles are expected to rise 0.7% on the higher gasoline prices as well as solid early holiday sales. Producer prices are expected to rise 0.7% in November. Both food and energy prices are expected to move higher. The core PPI is expected to rise 0.3% after the surprise 0.6% drop in October, when seasonal adjustment issues with vehicle prices were a key factor.
The much-awaited FOMC announcement will be the main feature of the US session with the announcement due around 1915GMT.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at email@example.com.