Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Forex - Dollar remains mixed in Asia with China house price data easing

Published 08/17/2014, 11:45 PM
Updated 08/17/2014, 11:47 PM
Dollar mixed in Asia

Investing.com - The dollar remained mixed in Asia Monday following housing data from China and with events in Russia-Ukraine at the weekend still the market focus.

On Friday, Ukraine said it destroyed armored vehicles that had been seen entering the country from Russia, helping the yen and Swiss franc gain against the dollar last week.

At the weekend. Germany's top diplomat on Sunday brought together his Russian, Ukrainian and French counterparts "to attempt to make steps toward making a cease-fire possible" in eastern Ukraine, although the minister damped hopes of a breakthrough from the meeting at a Berlin lakeside retreat.

Discussions will focus on ending the violence in Ukraine, Steinmeier said, rather than debating Moscow's plan to send what it says is humanitarian aid to the rebel-held territories in the region.

China house prices data or July showed a 2.5% increase year-on-year, compared to theJune data showing a 4.2% gain.

Excluding public housing, private sector home prices fell in 64 of 70 Chinese cities in July, up from the 55 cities that posted declines in June.

EUR/USD traded at 1.3398, down 0.02%, while USD/JPY held at 102.29, down 0.07%, and USD/CHF changed hands at 0.9027, up 0.03%. AUD/USD traded flat at 0.9320.

Last week, the euro moved higher bolstered by expectations for fresh stimulus by the European Central Bank.

The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, rose 0.03% to 81.49.

In the week ahead, investors will be looking ahead to Wednesday’s minutes of the Federal Reserve’s latest meeting, while the Bank of England and the Reserve Bank of Australia are also to publish meeting minutes. Thursday’s data on euro zone private sector activity will also be in focus.

Investors will also be anticipating an annual meeting of top central bank officials and economists in Jackson Hole, Wyoming from August 21 to 23.

The spotlight will be on Fed Chair Janet Yellen, who will speak on Friday in her first appearance at Jackson Hole as head of the U.S. central bank.

On Monday, Germany’s Bundesbank is to publish its monthly report. Canada is to release data on foreign securities purchases. The U.S. is to produce private sector data on the housing market.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.