Home / dollar / U.S. dollar hits yen and euro with outlook seen positive still

U.S. dollar hits yen and euro with outlook seen positive still

“It is not so surprising to see a lower inflation number get a lot more attention,” said Barclays strategist Hamish Pepper.
REUTERS/Gary Cameron/File PhotoAustralian dollar and U.S. dollar denominations are shown in a photo illustration at a currency exchange in Sydney, Australia, June 7, 2016.
The Aussie dollar was as much as 0.8 percent lower after both quarterly and annual inflation undershot expectations, rekindling hopes of one more cut in interest rates.
United States one dollar bills are seen on a light table at the Bureau of Engraving and Printing in Washington November 14, 2014.
The U.S. dollar was just under 0.2 percent lower against the yen on the day and 0.1 percent weaker against the basket in early European deals.

As it stated in

FOREX-Aussie slumps, U.S. dollar struggles for traction

“It is not so surprising to see a lower inflation number get a lot more attention,” said Barclays strategist Hamish Pepper.
The Aussie dollar was as much as 0.8 percent lower after both quarterly and annual inflation undershot expectations, rekindling hopes of one more cut in interest rates.
The U.S. dollar was just under 0.2 percent lower against the yen on the day and 0.1 percent weaker against the basket in early European deals.
Analysts seem deeply divided over the immediate prospects of the dollar adding to the stellar gains it racked up after Trump’s election in November.
For Reuters Live Markets blog on European and UK stock markets see reuters://realtime/verb=Open/url=http://emea1.apps.cp.extranet.thomsonreuters.biz/cms/?pageId=livemarkets (Additional reporting by Shinichi Saoshiro in TOKYO; Editing by Hugh Lawson)

As it stated in
U.S. dollar gains vs. yen, euro with outlook seen positive still*/

Against the yen, the dollar rose more than 1 percent to 113.87 yen <JPY=>.
By late New York trading though, the euro was down 0.4 percent at $1.0724.
United States one dollar bills are seen on a light table at the Bureau of Engraving and Printing in Washington November 14, 2014.
Juan Perez, currency trader at Tempus Consulting in Washington, however said there is plenty of unease in the market still.
Comments about the need for a weaker U.S. dollar from Trump and his pick for U.S. Treasury Secretary, Steven Mnuchin, were also a concern.

 

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