FOREX TradingCharts.com

Forex News: Dollar Losing Ground After Slowdown In Consumer Inflation

Dollar Losing Ground After Slowdown In Consumer Inflation

10/11/2018 - 14:49:00 (RTTNews)

(RTTNews) - The dollar got off to a positive start Thursday, but turned lower against its major rivals following the release of today's inflation report for the month of September.

Consumer prices in the U.S. showed a slight uptick in the month of September, according to a report released by the Labor Department on Thursday. The Labor Department said its consumer price index inched up by 0.1 percent in September after rising by 0.2 percent in August. Economists had expected prices to increase by another 0.2 percent.

A report released by the Labor Department on Thursday unexpectedly showed a modest increase in first-time claims for U.S. unemployment benefits in the week ended October 6th. The report said initial jobless claims rose to 214,000, an increase of 7,000 from the previous week's unrevised level of 207,000. Economists had expected jobless claims to edge down to 206,000.

The dollar reached an early high of $1.1531 against the Euro Thursday, but has since dropped to a 1-week low of $1.1595.

France's consumer price inflation eased in September, latest figures revealed on Thursday, confirming the initial estimates. The consumer price index rose 2.2 percent year-on-year following a 2.3 percent increase in August, the statistical office INSEE said.

The buck rose to an early high of $1.3182 against the pound sterling Thursday, but has since pulled back to a 2-week low of $1.3235.

The greenback climbed to a high of Y112.533 against the Japanese Yen Thursday, but has since eased back to a 3-week low of around Y111.925.

Producer prices in Japan were up 0.3 percent on month in September, the Bank of Japan said on Thursday, following the flat reading in August. On a yearly basis, producer prices were up 3.0 percent - unchanged from the previous two months.

Overall bank lending in Japan was up 2.3 percent on year in September, the Bank of Japan said on Thursday, coming in at 528.660 trillion yen. That exceeded expectations for an increase of 2.2 percent, which would have been unchanged from the previous month.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Dollar Little Changed After NAHB Housing Market Index (02 hr(s), 14 min(s), 11 sec(s) ago)
(RTTNews) - U.S. NAHB Housing Market Index for October has been released at 10.00 am ET Tuesday. F ...Full Story»

Dollar Declines Vs Most Majors Ahead Of NAHB Housing Market Index (02 hr(s), 20 min(s), 11 sec(s) ago)
(RTTNews) - U.S. NAHB Housing Market Index for October will be issued at 10.00 am ET Tuesday. The ...Full Story»

Dollar Little Changed After U.S. Industrial Production Data (02 hr(s), 59 min(s), 10 sec(s) ago)
(RTTNews) - U.S. industrial Production report for September has been published at 9.15 am ET Tuesd ...Full Story»

Dollar Falls Vs Most Majors Ahead Of U.S. Industrial Production Data (03 hr(s), 05 min(s), 11 sec(s) ago)
(RTTNews) - U.S. industrial Production report for September will be published at 9.15 am ET Tuesda ...Full Story»

Japanese Yen Drops Against Majors (03 hr(s), 11 min(s), 11 sec(s) ago)
(RTTNews) - The Japanese yen weakened against its major counterparts in the European session on Tu ...Full Story»

Euro Weakens After German Economic Confidence Deteriorates (04 hr(s), 50 min(s), 11 sec(s) ago)
(RTTNews) - The euro dropped against its major counterparts in the European session on Tuesday, as ...Full Story»

Pound Strengthens As U.K. Wage Growth Accelerates To Near 10-year High (06 hr(s), 02 min(s), 11 sec(s) ago)
(RTTNews) - The pound spiked up against its key counterparts in the European session on Tuesday, a ...Full Story»

Euro Little Changed After German ZEW Survey, Eurozone Trade Data (07 hr(s), 11 min(s), 11 sec(s) ago)
(RTTNews) - Following the release of German ZEW economic sentiment survey for October and Eurozone ...Full Story»

Search

FOREX NEWS

Dollar Little Changed After NAHB Housing Market Index

10/16/2018 - 10:04 AM (RTTNews)
(RTTNews) - U.S. NAHB Housing Market Index for October has been released at 10.00 am ET Tuesday. F ...Full Story>>

Dollar Declines Vs Most Majors Ahead Of NAHB Housing Market Index

10/16/2018 - 09:58 AM (RTTNews)
(RTTNews) - U.S. NAHB Housing Market Index for October will be issued at 10.00 am ET Tuesday. The ...Full Story>>

Dollar Little Changed After U.S. Industrial Production Data

10/16/2018 - 09:19 AM (RTTNews)
(RTTNews) - U.S. industrial Production report for September has been published at 9.15 am ET Tuesd ...Full Story>>

Dollar Falls Vs Most Majors Ahead Of U.S. Industrial Production Data

10/16/2018 - 09:13 AM (RTTNews)
(RTTNews) - U.S. industrial Production report for September will be published at 9.15 am ET Tuesda ...Full Story>>

Japanese Yen Drops Against Majors

10/16/2018 - 09:08 AM (RTTNews)
(RTTNews) - The Japanese yen weakened against its major counterparts in the European session on Tu ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.