FOREX TradingCharts.com

Forex News: U.S. Dollar Higher Against Most Majors

U.S. Dollar Higher Against Most Majors

02/11/2019 - 02:47:00 (RTTNews)

(RTTNews) - The U.S. dollar strengthened against its most major counterparts in the Asian session on Monday, as worries about global economic growth raised the appeal of safe-haven assets. Investors are cautious as they look ahead to the next round of U.S.-China trade talks to be held in Beijing this week.

The latest set of trade talks will kick off in Beijing today after last week's negotiations in Washington ended without a deal.

U.S. delegation led by Deputy U.S. Trade Representative Jeffrey Gerrish will travel to Beijing today to begin lower-level negotiations, which are aimed to push China to make structural reforms.

U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer will head high-level trade talks taking place later this week.

Brexit developments are also in focus, after British Primer Minister Theresa May said she welcomed more talks with Labour on a Brexit agreement, especially on how alternate arrangements to the Irish backstop could work.

May wrote, "It is good to see that we agree that the UK should leave the European Union with a deal and that the urgent task at hand is to find a deal that honours our commitments to the people of Northern Ireland, can command support in Parliament and can be negotiated with the EU - not to seek an election or second referendum."

The greenback advanced to a 4-day high of 1.2924 against the pound, compared to last week's closing value of 1.2936. The next possible resistance for the greenback is seen around the 1.28 level.

The greenback that ended last week's deals at 109.73 against the yen appreciated to a 4-day high of 110.01. If the greenback continues its rise, 112 is possibly seen as its next resistance level.

The greenback recovered to 1.0003 against the franc, from an early 6-day low of 0.9982, and held steady thereafter. This may be compared to near a 3-month high of 1.0099 seen at the beginning of today's trading. The greenback is seen finding resistance around the 1.01 level.

The greenback edged up to 1.3297 against the loonie and held steady thereafter. On the upside, 1.34 is possibly seen as the next resistance level for the greenback.

On the flip side, the greenback dropped back to 1.1328 against the euro, from an early more than 2-week high of 1.1313. Next key resistance for the greenback is seen around the 1.15 mark.

The U.S. currency held steady against the aussie and the kiwi, after dropping to 4-day lows of 0.7108 and 0.6773,respectively early in the session. The greenback ended last week's trading at 0.7085 against the aussie and 0.6740 against the kiwi.

Looking ahead, U.K. GDP data, industrial production, construction output and trade data, all for December, are set for release in the European session.

At 11:15 am ET, Federal Reserve Governor Michelle Bowman will deliver a speech at the Annual American Bankers Association Conference for Community Bankers in San Diego.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Dollar Firms On U.S.-China Trade Optimism (57 min(s), 55 sec(s) ago)
(RTTNews) - The U.S. dollar strengthened against its key counterparts in the European session on F ...Full Story»

Dollar Rises Further Following U.S. Export And Import Prices (01 hr(s), 57 min(s), 55 sec(s) ago)
(RTTNews) - The Labor department has released U.S. import and export price indices for January at ...Full Story»

Dollar Advances Ahead Of U.S. Export And Import Prices (02 hr(s), 03 min(s), 55 sec(s) ago)
(RTTNews) - The Labor department will release U.S. import and export price indices for January at ...Full Story»

Pound Spikes Up After Stronger-than-expected U.K. Retail Sales Data (03 hr(s), 33 min(s), 55 sec(s) ago)
(RTTNews) - The pound strengthened against its major opponents in the European session on Friday, ...Full Story»

Euro Lower Amid Spanish Political Uncertainty (04 hr(s), 15 min(s), 54 sec(s) ago)
(RTTNews) - The euro was lower against its most major counterparts in early European deals on Frid ...Full Story»

Euro Little Changed After Eurozone Trade Data (05 hr(s), 27 min(s), 55 sec(s) ago)
(RTTNews) - Following the release of Eurozone trade data for December at 5:00 am ET Friday, the eu ...Full Story»

Euro Mixed Ahead Of Eurozone Trade Data (05 hr(s), 33 min(s), 55 sec(s) ago)
(RTTNews) - Eurostat will release Eurozone trade data for December at 5:00 am ET Friday. Ahea ...Full Story»

Pound Bounces Off Following U.K. Retail Sales (05 hr(s), 57 min(s), 55 sec(s) ago)
(RTTNews) - The Office for National Statistics has released U.K. retail sales for January at 4:30 ...Full Story»

Search

FOREX NEWS

Dollar Firms On U.S.-China Trade Optimism

02/15/2019 - 09:33 AM (RTTNews)
(RTTNews) - The U.S. dollar strengthened against its key counterparts in the European session on F ...Full Story>>

Dollar Rises Further Following U.S. Export And Import Prices

02/15/2019 - 08:34 AM (RTTNews)
(RTTNews) - The Labor department has released U.S. import and export price indices for January at ...Full Story>>

Dollar Advances Ahead Of U.S. Export And Import Prices

02/15/2019 - 08:27 AM (RTTNews)
(RTTNews) - The Labor department will release U.S. import and export price indices for January at ...Full Story>>

Pound Spikes Up After Stronger-than-expected U.K. Retail Sales Data

02/15/2019 - 06:57 AM (RTTNews)
(RTTNews) - The pound strengthened against its major opponents in the European session on Friday, ...Full Story>>

Euro Lower Amid Spanish Political Uncertainty

02/15/2019 - 06:16 AM (RTTNews)
(RTTNews) - The euro was lower against its most major counterparts in early European deals on Frid ...Full Story>>
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.