U.S. Dollar Seeing Modest Weakness After Overnight Strength
25 Enero 2023 - 10:29AM
RTTF2
The value of the U.S. dollar has fluctuated over the course of
trading on Wednesday as traders look ahead to the release of some
key economic data in the coming days.
After seeing some strength in early morning trading, the U.S.
dollar index has moved modestly lower and is currently down 0.28
points or 0.3 percent at 101.64.
The greenback is trading is 129.56 yen compared to the 130.17
yen it fetched at the close of New York trading on Tuesday. Against
the euro, the dollar is trading at $1.0915 compared to yesterday's
$1.0887.
The volatility on the day comes as traders look ahead to reports
on fourth quarter GDP, durable goods orders and weekly jobless
claims due to be released on Thursday as well as reports on
personal income and spending and consumer sentiment due to be
released on Friday.
The data could impact the outlook for the economy and interest
rates ahead of next week's Federal Reserve meeting.
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