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Dollar Mixed Ahead Of U.S. CPI
(RTTNews) - At 8.30 am ET Wednesday, U.S. CPI for March is set for release. Ahead of the data, the greenback traded mixed against its major counterparts. While it rose against the pound, it held steady against the rest of major rivals.
The greenback was worth 133.79 against the yen, 1.0924 against the euro, 1.2403 against the pound and 0.9018 against the franc as of 8:25 am ET.
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U.S. Dollar Falls Amid U.S. Growth Concerns
The U.S. dollar weakened against other major currencies in the European session on Wednesday, amid growing worries about slowing U.S. economic growth and the effects of recently imposed tariffs.
Instead of being pro-growth and inflationary for the economy, as investors had previously predicted, they are expecting Trump's tariffs to slow down U.S. economic growth.
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U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the European session on Wednesday.
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The euro strengthened against other major currencies in the European session on Wednesday, as traders reacted positively to news about the German government's plans to increase defense and infrastructure spending.
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Euro Rises Against Majors
The euro strengthened against other major currencies in the European session on Wednesday.
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Yen Falls Amid Risk-on Mood
The Japanese yen weakened against other major currencies in the Asian session on Wednesday, as investors reacted positively to the actions taken by China to counter the effects of deflation and a slew of upbeat GDP and PMI data from the region. Markets are also cautious following the imposition of tariffs by U.S. in Canada, Mexico and China, and the retaliatory measures by China and Canada.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Wednesday.
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Pound Moves Lower On Trade War Fears
The pound fell against its most major counterparts in the New York session on Tuesday amid concerns that tariffs by U.S. President Donald Trump could trigger a slowdown in global growth.
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U.S. Dollar Falls On Weak U.S. Economic Data
The U.S. dollar weakened against other major currencies in the European session on Tuesday, as traders' confidence was tempered by weak U.S. economic data.
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