Dollar Little Changed In Light Holiday Action
26 Diciembre 2017 - 8:15AM
RTTF2
The dollar is turning in a mixed performance Tuesday afternoon,
but has barely budged in light trading action. A number of global
markets remain closed following yesterday's Christmas Day holiday.
With the impending New Year's Day holiday approaching, trade will
likely remain on the light side throughout the week.
Economic data was on the light side this morning, but traders
can look forward to the release of consumer confidence and pending
home sales Wednesday morning. Weekly jobless claims and
international trade are slated for Thursday, while the Chicago PMI
is set for Friday.
The dollar rose to an early high of $1.1846 against the Euro
Tuesday, but has since retreated to around $1.1865.
The buck reached a high of $1.3346 against the pound sterling
Tuesday morning, but has since dropped to around $1.3385.
The greenback has fallen to around Y113.145 against the Japanese
Yen this afternoon, from an early high of Y113.351.
Japan's consumer price inflation accelerated unexpectedly in
November, though marginally, the Ministry of Internal Affairs and
Communications said on Tuesday.
Excluding fresh food, consumer prices climbed 0.9 percent
year-over-year in November, just above the 0.8 percent rise in
October.
Meanwhile, economists had expected the inflation to remain
stable at 0.8 percent.
Japan's unemployment rate decreased in November after remaining
stable in the previous four months, data from the Ministry of
Internal Affairs and Communications showed Tuesday.
The seasonally adjusted jobless rate fell to 2.7 percent in
November from 2.8 percent in October. Moreover, the latest jobless
rate was the lowest since 1993.
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