Search

Client support: Phone: (+357) 22314160

FX & CFD trading involves significant risk

News

Show news:
  • All news
  • Currencies
  • Stocks
  • Commodities



01.05.2015 18:21

American focus: Dollar climbs to two-week peak vs yen

The dollar touched a two-week high against the yen on Friday and rose from a two-month low versus a basket of major currencies, supported by signs that the U.S. economy may be stabilizing after a recent soft patch.

U.S. economic reports were mixed on Friday, however, with some weakness noted in manufacturing and construction. That did not stop investors from buying back what has been an oversold dollar. Yields on U.S. 30-year government bonds and 10-year notes hit seven-week highs, also underpinning the greenback.

Data showed that U.S. manufacturing activity held at a near two-year low in April, but a jump in consumer sentiment and stronger-than-expected vehicle sales suggested the economy was pulling out of a weak phase in its cycle.

Separately, the Commerce Department said construction spending slipped 0.6 percent to an annual rate of $966.6 billion, the lowest level since September.

The net effect of the data was positive on the dollar.

The U.S. currency started to gain momentum on Thursday after the release of more positive economic data. Signs that the labour market was recovering with initial jobless claims dropping, wages rising along with a jump in Midwest business activity, all combined to draw investors back to the greenback.

Volumes were on the lower side with most of Europe shut for the May Day holiday.

In the UK, which was open for trading, sterling fell sharply against the dollar and the euro after British manufacturing data showed growth cooling before a tightly fought election.

In late morning trading, the dollar rose against the yen, supported by Treasury yields' rise. The dollar was up 0.6 percent at 120.11 yen. It hit a two-week high of 120.24.

The dollar index was up 0.5 percent at 95.055, having suffered its worst month in four years in April.

The euro was flat at $1.1223,after earlier hitting a two-month peak. The euro has been aided recently by a surge in German yields as fears of deflation in Europe eased somewhat.

Market Focus

  • The Bank of Japan decided by a 7-2 majority vote to hold the interest rate at -0.10%
  • Earnings Season in U.S.: Major Reports of the Week
  • U.S. commercial crude oil inventories decreased by 4.7 million barrels from the previous week
  • Australian unemployment rate stable at 5.6% in June
July 2017
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
Mon
Tue
Wed
Thu
Fri
Sat
Sun
1
2
24
25
26
27
28
29
30
31

Quotes

All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.

To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

  • © 2011-2017 TeleTrade-DJ International Consulting Ltd

    TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.

    The company operates in accordance with Markets in Financial Instruments Directive (MiFID).

  • The information on this website is for informational purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.

  • TeleTrade cooperates with SafeCharge Limited, which is an electronic money institution authorized and regulated by the Central Bank of Cyprus and is a principal member of MasterCard Europe and Visa Europe. We also cooperate with Moneybookers and Neteller, which offer electronic e-wallet services authorized and regulated by the Financial Conduct Authority.

    Please read our full Terms of Use.

  • To maximize our visitors browsing experience TeleTrade uses cookies in our web services. By continuing to browse this site you agree to our use of cookies. If you disagree, you may change your browser settings at any time. Read more

    TeleTrade-DJ International Consulting Ltd currently does not provide its services to residents or nationals of the USA, and also doesn't provide retail Forex and CFD accounts to residents or nationals of Belgium.

Connect with Us
Share on
social networks
Online
consultant
Request a callback
Top Page