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U.S. dollar weakens after Trump's press conference

U.S. dollar loses momentum

The U.S dollar declined after Trump's press conference who has disappointed the traders and the investors.

U.S. dollar index trades to 101.16

The dollar index traded to 101.16, falling 0.53%. The U.S. dollar traded weaker to the yen at 114.

The euro recaptured the $1.06 zone, and the sterling recovered the $1.22 price level.

Japan

Japan's bank lending climbed from 2.4% to 2.6%, whereas the economists estimated the nation's indicator to stabilize at 2.4%.

The Japanese economy watcher current index remained at 51.4 and differed from the economists' predictions for declination to 50.0.

France

The French consumer price inflation stabilized at 0.3% and did not meet the analysts' estimations that the CPI would rise 0.3%.

Italy

Italy's industrial production climbed from 0.1% to 0.7%. The economists and the analysts predicted the Italian IP to appreciate 0.3%.

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Thursday, 12 Jan, 2017 / 2:06

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/u.s.-dollar-weakens-after-trump-s-press-conference

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