Dollar edges up after slipping on U.S. political concernsInvesting.com – The dollar edged higher against a basket of the other major currencies on Thursday, regaining ground after slipping in the previous session amid renewed concerns over U.S. political uncertainty.
The greenback has weakened recent sessions amid renewed investor concerns about the Trump administration’s ability to deliver on its economic policy agenda.
The dollar was higher against the yen, with rising 0.25% to 109.29 after ending Wednesday’s session down 0.61%.
Market watchers were looking ahead to a speech by European Central Bank President Mario Draghi in Jackson Hole on Friday.
Sterling has been pressured lower by growing expectations that the Bank of England will keep interest rates on hold in the coming months amid concerns over the economic impact from Brexit.
as mentioned in
Forex – Dollar drops to 21 days lows after Janet Yellen remarks
Dollar hits 3-week trough vs. rivals on Yellen speechInvesting.com – The dollar dropped to three-week lows against the other major currencies on Friday, after Federal Reserve chair Janet Yellen .
Although Yellen was not expected to give any details on future policy moves, some investors were still hoping for clues.
The greenback was also under pressure after Dallas Federal Reserve Bank President Robert Kaplan repeated on Friday on raising interest rates any further.
Elsewhere, advanced 0.62% to 1.2881, pulling further away from the previous session’s two-month low of 1.2796.
The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.54%at a three-week low of 92.73 by 10:50 a.m.
as mentioned in
On Friday, July’s readings on US core durable goods orders showed that the amount spent on non-volatile items such as transportation came in higher than expected, pushing the dollar up during the mid- European trading hours.
Manufacturing shipments, rose by 0.4% m/m, similar to the previous month (4.7% y/y).
Non-defense capital goods orders excluding aircraft jumped by 0.4% m/m (3.3% y/y), after no change in the previous month.
In contrast, shipments rose by 0.4% m/m (3.2% y/y) above the forecast of no growth, but below the previous mark of 1.3%.
The dollar index jumped initially by 0.25% to 93.29 as durable goods data went public, before sinking to 92.75.
collected by :kiven Dixter