» » Forex – Dollar Up Vs. Most Rivals After Surprising U.S. Orders Data
Forexpros

Forex – Dollar Up Vs. Most Rivals After Surprising U.S. Orders Data

By Forexpros on | More Posts By | Author's Website

Forex Pros – The U.S. dollar was up against most of its major rivals on Tuesday after official data showed that orders placed with U.S. factories unexpectedly rebounded in November and ahead of the publication of the minutes of the Federal Reserve’s December policy meeting.

During European late afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.19% to hit 1.3333.

Earlier Tuesday, preliminary showed that consumer price inflation in the euro zone was estimated to have accelerated at its fastest pace in two years in December.

But the greenback was down against the pound with GBP/USD climbing 0.63% to hit 1.5587.

Earlier in the day, data showed that manufacturing activity in the U.K. grew at its fastest pace in 16 years in December.

Elsewhere the greenback was up against the yen and the Swiss franc, with USD/JPY advancing 0.36% to hit 82.02 and USD/CHF jumping 1.37% to hit 0.9461.

Meanwhile, the greenback was also up against its Canadian, Australian and New Zealand counterparts, with USD/CAD climbing 0.55% to hit 0.9991, AUD/USD plummeting 1.02% to hit 1.0063 and NZD/USD tumbling 0.76% to hit 0.7672.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.15%.

The U.S. Census Bureau said factory orders increased by a seasonally adjusted 0.7% in November, after declining by an upwardly revised 0.7% in October. Economists had expected U.S. factory orders to fall by 0.4% in November.

Recent Articles By Forexpros:

Leave A Comment :

Name (required)
E-mail (required - never shown publicly)
Your Comment (smaller size | larger size)
*/ ?>