Dollar Sheds Ground On Hopes Fed Will Slow Down Pace Of Policy Tightening

RTTNews | 758天前
Dollar Sheds Ground On Hopes Fed Will Slow Down Pace Of Policy Tightening

(RTTNews) - The U.S. dollar shed ground against most of its major counterparts on Monday with investors betting on a slower pace of policy tightening by the Federal Reserve following data showing a slower pace of wage growth in December.

The dollar index, which dropped to a low of 102.94 around noon, recovered to 103.20 as the session progressed, but still trailed its previous close by about 0.66%.

Against the Euro, the dollar weakened to 1.0734 from 1.0644.

The dollar eased to 1.2185 against Pound Sterling, giving up 0.76%.

Against the Japanese currency, the dollar edged down marginally, and was last seen fetching 131.88 yen a unit, compared with 132.11 yen on Friday.

The dollar is weak against the Aussie with the AUD/USD pair at 0.6913, down from 0.6876,

The Swiss franc strengthened to 0.9214 against the dollar, while the Loonie firmed to 1.3393 against the dollar.

read more
Yen Rises As BoJ's Tamura Signals Rate Hikes

Yen Rises As BoJ's Tamura Signals Rate Hikes

The Japanese yen strengthened against other major currencies in the Asian session on Thursday, as the Bank of Japan board member Naoki Tamura hinted about possible interest rate increases.
RTTNews | 6小时8分钟前
UK Construction Sector Contracts For First Time In 11 Months

UK Construction Sector Contracts For First Time In 11 Months

The UK construction sector shrank in January, ending a 10-month period of expansion due to shrinking orders and rising cost pressures, survey results from S&P Global showed on Thursday. The construction Purchasing Managers' Index rose to 48.1 in January from 53.3 in December. The index registered below the 50.0 threshold for the first time since February 2024.
RTTNews | 6小时50分钟前
German Construction Sector Continues To Shrink

German Construction Sector Continues To Shrink

Germany's construction sector remained firmly in contraction but the pace of fall softened in January, survey data from S&P Global revealed Thursday. The HCOB construction Purchasing Managers' Index rose to 42.5 in January from 37.8 in December. Although the score was firmly below the neutral 50.0 that separates growth from contraction, the reading was the highest since May 2023.
RTTNews | 7小时42分钟前
Commodity Currency's Slide As Crude Oil Prices Drop

Commodity Currency's Slide As Crude Oil Prices Drop

The commodity-linked currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major counterparts in the Asian session on Thursday, as the crude oil prices settled sharply lower after data showed a sharp jump in U.S. crude inventories last week.
RTTNews | 7小时48分钟前
DAX Rises Nearly 1% On Encouraging Earnings, Economic Data

DAX Rises Nearly 1% On Encouraging Earnings, Economic Data

German stocks are up in positive territory Thursday morning with investors reacting to a slew of earnings updates, and factory orders and construction PMI data, while continuing to assess the U.S. government's trade policies and tariff moves.
RTTNews | 7小时54分钟前