U.S. Dollar Advances Amid Risk Aversion
09 Agosto 2018 - 10:39PM
RTTF2
The U.S. dollar climbed against its major counterparts in the
Asian session on Friday amid risk aversion, as investors fret about
the impact of trade wars and sanctions on Russia.
The second tranche of tariffs, which are due to take effect on
August 23rd, follows the first tranche of tariffs on approximately
$34 billion of Chinese imports that went into effect on July
6th.
Investors focused on ongoing trade talks between the U.S. and
Japan in Washington. In a statement, U.S. Trade Representative
Robert Lighthizer said that officials from both countries "had a
thorough and constructive exchange of views on all bilateral trade
issues" and "understand each other's conditions for further
discussions and plan to move forward with additional talks."
The U.S. consumer inflation data is due later in the day, with
economists forecasting a 2.9 percent gain on year in July.
The greenback bounced off to 111.02 against the yen, from more
than a 2-week low of 110.68 seen at 12:30 am ET. The next likely
resistance for the greenback is seen around the 113.00 level.
Data from the Cabinet Office showed that Japan's gross domestic
product expanded a seasonally adjusted 0.5 percent on quarter in
the second quarter of 2018.
That exceeded expectations for an increase of 0.3 percent
following the 0.2 percent loss in the three months prior.
The greenback climbed to a 4-day high of 0.9975 against the
franc and more than a 1-year high of 1.1432 against the euro, from
its early lows of 0.9928 and 1.1537, respectively. The greenback is
seen finding resistance around 1.01 against the franc and 1.13
against the euro.
Having fallen to 1.2836 against the pound at 8:45 pm ET, the
greenback reversed direction and advanced to near a 1-year high of
1.2774. On the upside, 1.26 is possibly seen as the next resistance
level for the greenback.
The greenback strengthened to a 2-day high of 1.3103 against the
loonie, more than 7-month high of 0.7281 against the aussie and a
2-1/2-year high of 0.6570 against the kiwi, reversing from its
early lows of 1.3044, 0.7380 and 0.6621, respectively. If the
greenback rises further, 1.32, 0.71 and 0.65 are possibly seen as
its next resistance levels against the loonie, the aussie and the
kiwi, respectively.
Looking ahead, U.K. trade data, industrial production and
construction output for June and preliminary GDP data for the
second quarter are due in the European session.
In the New York session, Canada jobs data, U.S. CPI and monthly
budget statement, all for July, are scheduled for release.
AUD vs US Dollar (FX:AUDUSD)
Gráfica de Divisa
De Mar 2024 a Abr 2024
AUD vs US Dollar (FX:AUDUSD)
Gráfica de Divisa
De Abr 2023 a Abr 2024