Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Forex - Dollar Trades Flat in Lackluster Forex Moves

Published 12/26/2017, 10:48 AM
Updated 12/26/2017, 10:48 AM
Dollar holds steady despite handful of data from the U.S. and Japan

Investing.com - The dollar traded in a tight range against major currencies on Tuesday, wavering around the unchanged mark, while trading volumes remained thin during the holiday season, while European, Australian, New Zealand and Hong Kong stock markets remained closed.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, dropped 0.06% at 92.82 by 10:45AM ET (15:45 GMT).

Little reaction was seen in the dollar to a handful of mixed economic data out on Tuesday. The S&P/Case-Shiller home price index showed that 20-city property values increased by 6.4% from a year earlier, its largest gain since July 2014.

Manufacturing activity in the Richmond Federal Reserve region dropped to a reading of 20, from the prior 30, missing estimates for a smaller decrease to 22, while a similar reading from the Dallas Fed shot up to 29.7 from the previous 19.4, blowing past expectations for a reading of 20.0.

In line with lackluster Forex moves, USD/JPY was unchanged at 113.26, despite the fact that that Japanese readings on inflation, household spending and unemployment all beat consensus.

In Europe, EUR/USD slipped 0.05% at 1.1867, while GBP/USD edged down 0.04% to 1.3363.

Elsewhere, with Aussies and New Zealanders still on holidays, AUD/USD inched up 0.05% to 0.7721, while NZD/USD dipped 0.01% to 0.7020.

Latest comments

All Forex station providers should not be allowed to have own active traders because they can see your position and stops and can trade to exact these stops and margins to get members money.
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.