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Forex - U.S. Dollar Slips On Impeachment News; AUD Climbs on Jobs Data

Published 12/18/2019, 11:17 PM
Updated 12/18/2019, 11:28 PM
© Reuters.

Investing.com - The U.S. dollar slipped on Thursday in Asia after U.S. House of Representatives voted to impeach Republican U.S. President Donald Trump for abuse of power and obstruction of Congress.

Trump is the third president to be impeached in U.S. history but is likely to survive a trial in the GOP-led Senate, which is expected to vote in January.

The U.S. dollar index slipped 0.1% to 96.925 by 11:30 PM ET (03:30 GMT).

On the data front, the National Association of Realtors will report on existing home sales for November tomorrow.

Sales of existing homes are expected to have dropped 0.2% last month to an annual rate of 5.44 million, according to forecasts compiled by Investing.com.

Initial jobless claims is also due. Economists are looking for a drop in claims for first-time unemployment benefits to 225,000.

Meanwhile, the Philadelphia Federal Reserve will release its manufacturing index for December on the same day. Economists expect the Philly Fed Index to come in at 8 for the month from 10.4 in November. The index tracks manufacturing in Pennsylvania, New Jersey and Delaware.

The USD/JPY pair gained 0.1% to 109.57 after the Bank of Japan kept its policy unchanged on Thursday morning. The central bank maintained its forward guidance, saying it expected rates to remain low or lower as long as there was a chance of losing price momentum. The decision was largely in line with expectation.

The Australian dollar climbed 0.3% against the U.S. dollar to reach 0.6875 after data showed the country’s unemployment unexpectedly in November declined. Employment jumped 39,900 last month, compared with economists’ estimates of a 15,000 gain, data from the Australian Bureau of Statistics showed Thursday.

The NZD/USD pair also gained 0.1% to 0.6591 after the country's third quarter economic growth came in stronger than expected.

The GBP/USD pair recovered and inched up 0.1% to 1.3082 after falling this week amid renewed concern of a possible no-deal Brexit.

Latest comments

How many Americans need to die from violence before COMMON SENSE laws are implemented for gun control and psychological PRE-ASSESSMENT before licencing? --- The NRA comes before people's lives and rosy future? --- A sick society with a mentally and physicall sick POTUS (his blood vessels are corroded with atherosclerosis, just wait and see). ----------TOTALLY AVOIDABLE with COMMON SENSE laws:---------- 1.) Make a new income tax deduction for paid sessions of yoga, calisthenics or movement therapies (hold your judgement until you have experienced the power of such modalities), 2.) Make such income tax deduction MANDATORY FOR EVERY EXISTING AND NEW GUN LICENCE with at least ONE such paid session per calendar quarter, 3.) Shift the Medicare payment burden from the financially strapped population to the financially agile employers. --- All very simple. What's taking this bozo president so long? --- These are 3 common sense strategies with which any person can win a new presidency.
It's about time someone impeaches the worst president in history - womanizer, male chauvinist, racist, bully of the weaker ones, a'..ki'sser of the stronger ones (licks out of Putin's hands), mob sympathizer (MBS, KKK, White Supremacists), ignorant ****** li'ar, bad deal maker (arrives on scene with a bazooka and settles for lollipops_'Phase 1 deal with China'), bluffer, can't get it on, insider trading felon proclaims  false information to goose the market the way he wants to, psychopath, conman, takes advantage of the money and systems of the common man to enrich himself, takes advantage of incompetent IRS to enrich himself, causes pain in society by showering the common man with law suits, disrespects the people who work for him and fires them the day before they retire (Comey), weak personality who can not hear the truth for making himself better, looses money in every business he touches, all in all a total looser. --- Do Americans understand that any1 could have implemented QE4?
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