We have updated our privacy policy and terms & conditions. Find out more here.
2
 

Dollar lower against euro, pound

By Investing.com  |  Forex  |  Sep 11, 2013 02:57PM GMT  |   Add a Comment
 
AA
+
-
Investing.com - The dollar was lower against the euro on Wednesday as concerns over Syria eased, boosting risk appetite, while the pound was trading close to seven-month highs after unexpectedly strong U.K. jobs data.

Dollar lower against euro, pound
During U.S. morning trade, the euro hit session highs against the dollar, with EUR/USD rising 0.19% to 1.3292.

Investor sentiment was boosted after the White House confirmed that President Obama is in talks with France and Britain about getting a United Nations resolution to hold Syria to its apparent commitment to place its chemical weapons under international control.

President Obama said he would put plans for a military strike against Syria on hold if the country agrees to relinquish its chemical weapons stockpile.

Risk appetite was also underpinned after a recent string of upbeat economic data from China indicated that the world’s second largest economy is recovering from a slowdown.

The pound was trading close to its highest level since February against the dollar, with GBP/USD up 47% to 1.5805.

Sterling strengthened after official data showed that the rate of unemployment in the U.K. ticked down to 7.7% in the three months to July from 7.8% in the previous three months.

Economists had expected the unemployment rate to remain unchanged.
The data fuelled expectations that the Bank of England may raise interest rates sooner than it has indicated.

Last month, the BoE pledged to keep interest rates on hold at current record low levels until the unemployment rate falls below 7%, something that bank does not see for another three years.

The number of people claiming unemployment benefits in the U.K. fell by 32,600 in August, better than expectations for a decline of 22,000 people.

The dollar slipped lower against the yen but remained supported close to two-month highs, with USD/JPY down 0.36% to 100.01.

The dollar was also weaker against the Swiss franc, with USD/CHF sliding 0.39% to 0.9312.

Elsewhere, the greenback was mixed against its Australian, New Zealand and Canadian counterparts, with AUD/USD dipping 0.04% to 0.9309, NZD/USD inching up 0.03% to 0.8069 and USD/CAD slipping 0.08% to 1.0340.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.25% to 81.61.



Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add a Comment

 

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

USD/CAD
 
 
 
Are you sure you want to delete this chart?
 
 
 
Are you sure you want to delete this chart?
 
 
 

Successfully Reported

Thank you. This comment has been flagged for a moderator.
_touchLoadingMsg