Trading news

Dollar weaker to the euro but stronger to the franc

Weekly synopsis

The dollar lost momentum and weakened versus the euro last Friday while having gained strength against the Swiss franc and the Japanese yen, amid the concerns on the Deutsche Bank easing.

Dollar weakens 0.19% against the euro

The EUR/USD after dropping as low as 1.1153 traded to 1.1240, rising 0.19%. The USD/CHF traded to 0.9752. The greenback and the yen traded at 101.33, having escalated 0.31%. The U.S. dollar index stabilized at the 95.38 area.

Weekly major events

On Monday, the U.K and the U.S. will be publishing their manufacturing activity data, and Japan its service and manufacturing reports.

On Tuesday, Australia is to release its building permits, the U.K its construction activity, and the RBA will be announcing its benchmark interest rate. Shanghai's financial markets will remain closed for a national holiday.

On Wednesday, the U.S. will release its ADP private sector job creation report, the ISM report on factory orders and service sector activity and trade data. Australia will publish its retail sales data, the U.K its service sector activity, and Canada is to release trade data.

On Thursday, the ECB will release its policy meeting minutes, Germany its factory orders report, and the U.S. shall publish its initial jobless claims data. Shanghai's financial market will remain closed.

On Friday, Canada will produce its employment report, the SNB its FX reserves, the U.S. its nonfarm payrolls report, and the U.K its industrial production and house price inflation data. Shanghai's financial markets will resume closed for a national holiday.

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Monday, 03 Oct, 2016 / 7:48

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Source : https://www.argusfx.com/en/research-education/market-analysis/weekly/dollar-weaker-to-the-euro-but-stronger-to-the-franc

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