Investing.com - The U.S. dollar was mixed against its major rivals late in Friday’s U.S. session as a decent German economic data point and rebounding U.S. equities kept traders from fully embracing safe-havens such as the greenback today.
In U.S. trading Friday. EUR/USD fell 0.09% to 1.3178 even after an encouraging economic release out of Germany. Earlier today, the Ifo institute’s business climate index, jumped to 107.4 in February from a revised 104.3 in January. That is good for the best reading since April and topped the consensus estimate that called for an increase to 104.9
GBP/USD slipped 0.09% to 1.5239. Sterling has struggled this week despite positive data points out of the U.K., indicating that some traders are concerned about the long-term of the U.K. economy. Speculation that the Bank of England may also restart quantitative easing efforts, which it halted in November, have also pushed cable lower.
USD/JPY advanced 0.34% to 93.43 and is currently trading near the highs of the session. Japanese Prime Minister Shinzo Abe is meeting with President Obama to discuss bolstering ties between the U.S. and Japan.
USD/CHF fell 0.07% 0.9306, but the dollar did jump against its northern neighbor, the Canadian loonie. USD/CAD climbed 0.42% to 1.0230 on a spate of concerning Canadian data points.
Earlier today in Canada, official data showed that consumer price inflation, rose 0.1% in January, compared to expectations for a flat reading, after a 0.6% fall the previous month.
Core consumer price inflation, which excludes the eight most volatile items, also rose 0.1% last month after a 0.6% decline in December, in line with expectations.
In addition, retail sales in Canada dropped 2.1% in December, more than the expected 0.8% fall, after a 0.3% rise the previous month.
Core retail sales, which exclude automobiles, fell 0.9% in December, compared to expectations for a 0.1% slip, after a 0.2% decline the previous month.
Looking at the greenback against some of the other riskier currencies, AUD/USD jumped 0.71% to 1.0322 while NZD/USD added 0.51% to 0.8383. The U.S. Dollar Index is up 0.13% to 81.59 in late trading.
In U.S. trading Friday. EUR/USD fell 0.09% to 1.3178 even after an encouraging economic release out of Germany. Earlier today, the Ifo institute’s business climate index, jumped to 107.4 in February from a revised 104.3 in January. That is good for the best reading since April and topped the consensus estimate that called for an increase to 104.9
GBP/USD slipped 0.09% to 1.5239. Sterling has struggled this week despite positive data points out of the U.K., indicating that some traders are concerned about the long-term of the U.K. economy. Speculation that the Bank of England may also restart quantitative easing efforts, which it halted in November, have also pushed cable lower.
USD/JPY advanced 0.34% to 93.43 and is currently trading near the highs of the session. Japanese Prime Minister Shinzo Abe is meeting with President Obama to discuss bolstering ties between the U.S. and Japan.
USD/CHF fell 0.07% 0.9306, but the dollar did jump against its northern neighbor, the Canadian loonie. USD/CAD climbed 0.42% to 1.0230 on a spate of concerning Canadian data points.
Earlier today in Canada, official data showed that consumer price inflation, rose 0.1% in January, compared to expectations for a flat reading, after a 0.6% fall the previous month.
Core consumer price inflation, which excludes the eight most volatile items, also rose 0.1% last month after a 0.6% decline in December, in line with expectations.
In addition, retail sales in Canada dropped 2.1% in December, more than the expected 0.8% fall, after a 0.3% rise the previous month.
Core retail sales, which exclude automobiles, fell 0.9% in December, compared to expectations for a 0.1% slip, after a 0.2% decline the previous month.
Looking at the greenback against some of the other riskier currencies, AUD/USD jumped 0.71% to 1.0322 while NZD/USD added 0.51% to 0.8383. The U.S. Dollar Index is up 0.13% to 81.59 in late trading.