News 

Dollar remains in negative territory after GDP data

“Fourth quarter GDP data, which fell short of the consensus but nevertheless confirmed a continued U.S. economic expansion, led the buck to modestly extend its losses” writes Markets Reporter for marketwatch.com. Besides GDP, Friday’s data dump also included durable goods orders for December, which rose by 2.9%, beating the MarketWatch consensus forecast of 0.9%.Yet, the greenback had a muted reaction to both, remaining steadfastly in negative territory and briefly extending its losses slightly following the economic data.That would be its biggest loss in one week since September last year, according…

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Trump boost fades for dollar as investors brace for GDP data

“The British pound GBPUSD, +0.9124% which has climbed more than 3% against the dollar this week, climbed to $1.4278 from $1.4139 on Thursday” writes Markets Reporter for marketwatch.com. The dollar was once again under pressure on Friday, as the boost from comments by President Donald Trump faded and investors focused on growth data due later that could deliver another blow to the embattled U.S. currency.Read: Only Asia’s central bankers know what’s next for the dollar In what has been a volatile week for the dollar, data swing back into focus…

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Dollar erases loss after Trump says currency will get ‘stronger and stronger’

“The U.S. dollar turned positive and retraced its loss against rivals in Thursday afternoon trading after a CNBC interview with President Donald Trump endorsed the strength of the dollar” writes Anneken Tappe for marketwatch.com. Trump said the greenback would strengthen along with the U.S. economy, calling for greenback to get “stronger and stronger,” in an excerpt from a previously recorded interview on the network in Davos, Switzerland at the World Economic Forum.The president’s comments follow remarks from Treasury Secretary Steven Mnuchin who said a weaker dollar benefited U.S. trade.A weaker…

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Markets News 

Dollar plunges to 3-year low after Mnuchin cheers weaker greenback

“The dollar suffered a renewed selloff on Wednesday, with a key dollar index falling to a three-year low after U.S. Treasury Secretary Steven Mnuchin said a weaker greenback is good for trade” writes Markets Reporter for marketwatch.com. Mnuchin has advocated for a weaker dollar before, arguing it puts the U.S. in a better position on trade.Instead he said a weaker greenback “is good for us as it related to trade and opportunities,” breaking with the usual strong dollar policy.The greenback also declined against the yen USDJPY, -0.59%  , buying ¥109.60…

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Sterling charges toward $1.40, dollar turns lower again

“The Bank of Japan on Tuesday kept policy on hold, but analysts said the central bank signaled a more upbeat stance on the economy” writes Markets Reporter for marketwatch.com. The yen USDJPY, -0.55%  advanced, with the dollar buying ¥110.36, down 0.5% from ¥110.92 late Monday in New York.The broader WSJ U.S. Dollar Index BUXX, -0.23% which measures the greenback against a wider basket of currencies, was down 0.2% to 84.10 on Tuesday.Early dollar gains came late in Monday’s session and continued the upward trend higher on Tuesday after the U.S.…

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Dollar bounces after touching 3-year low, with Bank of Canada meeting in focus

“Versus the Canadian dollar USDCAD, -0.1287% the greenback fetched C$1.2418, slightly down from C$1.2435 on Tuesday, as traders are looking toward the Bank of Canada interest rate decision at 10 a.m” writes Markets Reporter for marketwatch.com. The dollar was in recovery mode after the ICE index hit a three-year low on Monday. Source: marketwatch.com Share This:

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News Regulators 

Dollar adds to losses after CPI report; Investors await Fed decision

“Then, the November inflation report showed a slowing of core consumer price growth, which exclude volatile items such as gasoline, while headline inflation was in line with forecasts” writes Markets Reporter for marketwatch.com. Traders were also looking ahead to the Federal Reserve decision later in the day at 2 p.m.Down under, the Australian and New Zealand dollar are also stronger on the back of the falling greenback. Source: marketwatch.com Share This:

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Markets News Regulators 

Dollar rises after Trump talks tax reform; Yellen set to meet about renomination

“The ICE U.S. Dollar Index DXY, +0.16% which gauges the buck against six other currencies, was up 0.3% at 93.325, and the WSJ Dollar Index BUXX, +0.24% which measures greenback against 16 rivals, tacked on 0.3% to 86.51” writes Markets Reporter for marketwatch.com. The greenback also tipped higher amid reports that Trump is looking to interview Janet Yellen for a potential second term as Federal Reserve chairwoman.One U.S. dollar last bought C$1.2526, compared with C$1.2467 late Friday. Source: marketwatch.com Share This:

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AUD Futures News 

Asia set for mixed trade — China, South Korea and Hong Kong markets closed

“Australia’s SPI futures traded at 5,647, which was a touch lower than the ASX 200’s previous finish at around 5,652.05” writes Toshifumi Kitamura for cnbc.com. The central bank, however, reduced India’s growth outlook for fiscal 2018 from 7.3 percent to 6.7 percent.Morgan Stanley analysts said in a note that it was unlikely the central bank would “take up any further easing measures.”.  Source: cnbc.com Share This:

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