Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Currencies  >  Euro / US Dollar (EUR/USD)    EURUSD   

News SummaryAll newsTweets

CURRENCIES : Dollar Edges Higher As Fed-heavy Week Kicks Off

share with twitter share with LinkedIn share with facebook
share via e-mail
06/26/2017 | 01:54pm CEST

By Sara Sjolin, MarketWatch

Pound finds support after Conservative-DUP deal

The dollar inched higher in choppy Monday trade, rebounding from last week's losses, as traders geared up for a week full of Federal Reserve speakers.

The ICE Dollar Index was up 0.1% at 97.415, following three straight sessions of losses, according to FactSet data.

The euro fell to $1.1175 from $1.1193 late Friday in New York, failing to get a boost from German data that showed business sentiment hit a record in June. The Ifo business climate index rose to a higher-than-expected 115.1 points .

"While this morning's action in EUR/USD suggests that for now a lot of good news regarding the German economy may be in the price, there is still plenty of uncertainty over the outlook for Fed policy, which this week is likely to be impacted by data releases, U.S. politics and Fed speakers," said Jane Foley, senior FX strategist at Rabobank, in a note.

San Francisco Fed President John Williams said early Monday that gradual rate hikes are needed to avoid overheating the economy, while Fed Gov. Jerome Powell said he sees room to relax certain banking rules. On Tuesday, Fed Chairwoman Janet Yellen and Philadelphia Fed President Patrick Harker will speak in London, while Williams will give another speech in Australia.

In other currencies, the pound rose after U.K. Prime Minister Theresa May reached a deal with Northern Ireland's Democratic Unionist Party for its lawmakers to support the Conservative's minority government . Sterling bought $1.2732, up from $1.2718 late Friday in New York.

The yen dropped, with the dollar buying Yen111.66 compared with Yen111.29 on Friday.

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on EURO / US DOLLAR (EUR/USD)
09/22DJEUROPEAN MORNING BRIEFING : Renewed North Korea Threats to Sour Mood
09/21DJEUROPEAN MORNING BRIEFING : Fed Hints at Another Rate Rise
09/20DJEUROPE MARKETS : European Stocks Mark Time As Investors Stay Focused On Fed Deci..
09/20DJEUROPEAN MORNING BRIEFING : Markets on Hold as Fed Looms
09/19DJEUROPEAN MORNING BRIEFING : Markets Grind to a Halt Ahead of the Fed
09/18DJEUROPEAN MORNING BRIEFING : Stocks to Rebound Slightly; Focus on Fed
09/15DJEUROPEAN MORNING BRIEFING : Latest North Korea Launch to Test Markets
09/12DJEUROPEAN MORNING BRIEFING : U.S. Rally to Bolster Stocks; Euro Dented
09/08DJEUROPEAN MORNING BRIEFING : Euro Extends Gains but Stocks Seen Flat
09/07DJEUROPEAN MORNING BRIEFING : Trump Debt Deal to Lift Stocks
More news
Duration : Period :
Euro / US Dollar (EUR/USD) Technical Analysis Chart | EURUSD | 4-Traders
Technical analysis trends EURO / US DOLLAR (EUR/USD)
Short TermMid-TermLong Term