Trading news

U.S. dollar stronger to the yen and euro

Weekly synopsis

The U.S. dollar was stronger against its main counterparts last week, amid the U.S. political turbulence having had a crucial impact on safe haven demand.

U.S. dollar and yen at 112.84

The USD/JPY pair traded at 112.84 0.36% weaker, the EUR/USD to 1.0614 0.55% lower, and the EUR/JPY to 119.74 declining 0.94%.

In January, the consumer price inflation in the U.S. performed its biggest rise within a period of four years jumping 0.6%. The retail sales increased 0.4%. The U.S. dollar index approached the 100.89 zone rising 0.44%.

Weekly major events

On Monday, Canada will be releasing its wholesales sales data, whereas the financial markets in the U.S. will be closed for the Presidential day.

On Tuesday, the euro zone is to publish its private sector business activity, the U.K its public sector borrowing data, the RBA will be releasing its latest monetary policy meeting minutes, while Neel Kashkari, Minneapolis Fed President, is to give a speech in Pennsylvania.

On Wednesday, the U.K is to release its growth figures for the fourth quarter, the U.S. its existing home sales data, Germany its business climate, and Australia its wage price index. Philip Lowe, RBA Governor, will be holding a speech in Sydney

On Thursday, the U.S. will be releasing its initial jobless claims and Australia its private capital expenditure data.

On Friday, Canada is to publish its inflation data, and the U.S. its consumer sentiment and new home sales figures. Philip Lowe, RBA Governor, will be giving a speech.

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ArgusFX Review

Monday, 20 Feb, 2017 / 9:27

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Source : https://www.argusfx.com/en/research-education/market-analysis/weekly/u.s.-dollar-stronger-to-the-yen-and-euro

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