Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
New Year’s SALE: Up to 40% OFF InvestingPro+ CLAIM OFFER
Forex - Dollar Rises After Equity Selloff
© Reuters.
Investing.com - The U.S. dollar rebounded on Tuesday as Wall Street tumbled amid worry over retail earnings results.
The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, rallied 0.37% to 96.42, as of 11:06 AM ET (16:06 GMT),
The Dow fell more than 400 points after the opening bell, as Wall Street opened in the red for the second consecutive day.
Retail earnings from Target (NYSE:TGT) and other companies came in lower than expected, increasing worry over the holiday sales season.
Meanwhile, data on Tuesday showed that the U.S. housing sector could be a cause for concern. The number of housing starts in the U.S. rose broadly in line with expectations in October, but building permits declined.
The dollar was slightly higher against the safe-heaven Japanese yen, with USD/JPY rising 0.03% to 112.58. In times of uncertainty, investors tend to invest in the Japanese yen, which is considered a safe asset during periods of risk aversion.
Elsewhere, the euro fell as European equities sank over continued political pressure between the European Commission and Rome. EUR/USD slipped 0.42% to 1.1405.
The pound was also down amid Brexit worries, with GBP/USD falling 0.30% to 1.2817. The NZD/USD decreased 0.16% to 0.6827, while AUD/USD was down 0.52% to 0.7255.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other 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, don’t trash it.
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. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.