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U.S. dollar gains Vs. counterparts

ArgusFX

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U.S. dollar trades higher before data releases

The U.S. dollar traded higher versus its main counterparts, amid the investors and the traders focusing on today’s upcoming U.S. economic reports data release.

Euro and dollar trade at 1.1195

The euro and the greenback dropped 0.13%, with the EUR/USD trading to 1.1195. The American currency was supported by the better reported U.S. initial jobless claims data.

The GBP/USD pair traded to its lowest zone since May 16 to 1.2871 falling 0.54%, the USD/JPY reached the 111.44 zone sliding 0.35%, and the USD/CAD stabilized at the 1.3481 area. The U.S. dollar index approached 97.25 appreciating 0.09%.

Gold prices gain

The precious metal performed minor gains during the Asian trading session, with the gold for June delivery on the New York Mercantile Exchange on the Comex division reaching $1,256.88 a troy ounce escalating 0.04%.

Japan’s core CPI 0.3% higher

Japan's core CPI in April climbed 0.3% compared to the previous year marking its 4th consecutive winning month, an indication that the nation' economic recovery is steady.

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ArgusFX Review

Source: https://www.argusfx.com/en/research-education/market-analysis/news/u.s.-dollar-gains-vs.-counterparts
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