Forex News 24
  • RSS

news

U.S. Dollar Extends Losses After Tillerson Fired

U.S. Dollar Extends Losses After Tillerson Fired
админ
13/03/2018

tillerson 300x217 - U.S. Dollar Extends Losses After Tillerson Fired

The U.S. dollar extended its losses on Tuesday, dampened by inflation data and political turmoil as Secretary of State Rex Tillerson was fired.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.29% to a session low of 89.63 by 12:15 PM ET (16:15 GMT).

Inflation rose as expected on Tuesday, easing expectation of the Fed hiking up interest rates at a faster pace. The Labor Department said its consumer price indexincreased 0.2% last month. In the 12 months through February, the CPI rose 2.2%. The numbers were below the Fed’s target rate of 2% core inflation.

Meanwhile the dollar was also pressured by news that U.S. President Donald Trump fired Secretary of State Rex Tillerson, replacing him with CIA Director Mike Pompeo.

The dollar fell against the yen, with USD/JPY up 0.09% to 106.52. The Japanese currency has been under pressure amid a public land sale scandal linked to the prime minister and his wife. USD/CHF fell 0.34% to 0.9436.

The euro was higher, with EUR/USD up 0.44% at 1.2394, while GBP/USD rose 0.55% to 1.3982.

In the UK Chancellor Philip Hammond gave his spring budget statement, where he revised the growth forecasts for 2018 but cut the forecast for 2019 and 2020.

Elsewhere, the Australian dollar was stronger, with AUD/USD up 0.05% at 0.7876, while NZD/USD increased 0.64% to 0.7342.

Source

Related ItemsAustralian dollarbudgetconsumer priceCPIcurrencyDollardollar indexEUReuroFedFed’sforexGBPinflationinterest ratesJapanese currencyLabor Departmentlossesmajor currenciespriceprice indexrateratesTrumpU.S. dollarU.S. dollar indexUK

Leave a Reply

Cancel reply

Your email address will not be published. Required fields are marked *

Anti-spam: complete the taskWordPress CAPTCHA


news
13/03/2018
админ
Related ItemsAustralian dollarbudgetconsumer priceCPIcurrencyDollardollar indexEUReuroFedFed’sforexGBPinflationinterest ratesJapanese currencyLabor Departmentlossesmajor currenciespriceprice indexrateratesTrumpU.S. dollarU.S. dollar indexUK

More in news

273116ff712463a8fe797bc26d4bddd2 400x240 - Major policy change for the FED

Major policy change for the FED

админ30/08/2020
Read More
5ecd652efa96beb5e9daab8a81713e20 400x240 - Powell expected to preview Fed’s policy framework

Powell expected to preview Fed’s policy framework

админ27/08/2020
Read More
1cfd53e4dc84605be8f34b32e1fc08ff 400x208 - European markets look defensive

European markets look defensive

админ26/08/2020
Read More
Scroll for more
Tap

Last news

  • 273116ff712463a8fe797bc26d4bddd2 95x60 - Major policy change for the FED
    Major policy change for the FED
    news30/08/2020
  • 5ecd652efa96beb5e9daab8a81713e20 95x60 - Powell expected to preview Fed’s policy framework
    Powell expected to preview Fed’s policy framework
    news27/08/2020
  • 1cfd53e4dc84605be8f34b32e1fc08ff 95x60 - European markets look defensive
    European markets look defensive
    news26/08/2020
  • cbda506728f805be55e3597fd478b623 95x60 - Another record-setting session for U.S. stocks futures
    Another record-setting session for U.S. stocks futures
    news25/08/2020
  • 3c51d052540d35f9b8497fc0b1942d58 95x60 - $50M worth of cryptos or more left China
    $50M worth of cryptos or more left China
    news23/08/2020

Tags

american Asia Bitcoin China cryptocurrency currency Dollar dollar index economic Economists EUR euro Fed Federal Reserve forex futures GBP GDP Germany Index inflation interest rate interest rates Japan losses lost market markets monetary policy Oil price prices rate rates retail rise risk sales trade trade war trading Trump UK United States US

Copyright © 2019 Forex News 24, all rights reserved.

Crypto assets head south on regulation talks
Euro US Dollar (EUR/USD) Exchange Rate Climbs as Trump Ousts Secretary of State Tillerson