Forex - Dollar Ticks Higher, Euro Slips By - Investing.com

© Reuters.

Investing.com - The U.S. dollar ticked higher against a currency basket on Tuesday, as market sentiment remained subdued amid persistent uncertainties over trade and the outlook for global economic growth.

By 03:31 ET (07:31 GMT) the , which tracks the greenback against a basket of six major rivals, was 0.2% higher at 97.672, trading about 0.6% off a two-year high of 98.371 hit on Thursday. The index is still up 1.7% for the year.

Many of the currency pairs remained in recent ranges, with trade volumes still thin after market holidays in the U.S. and the U.K. on Monday.

Trade concerns remained to the forefront of investors’ minds. U.S. President Donald Trump said on Monday that Washington was not ready to make a deal with Beijing but he expected one in the future, while at the same time pressing Japanese Prime Minister Shinzo Abe to even out a trade imbalance with the United States.

The dollar edged lower against the yen, with last at 109.4.

The euro was lower, with down 0.1% to 1.1180 after bouncing from a one-and-half week high of 1.1215 overnight following the outcome of European parliamentary elections.

In the Eurozone, data on Tuesday showed that German consumer morale cooled slightly heading into June to hit its lowest level in more than two years as shoppers became less willing to buy and more downbeat about the growth outlook of Europe's largest economy.

Later in the day, European Union leaders are due to hold a summit meeting in Brussels to start the first round of nominations for the heads of the EU institutions - including the president of the European commission and president of the European Central Bank.

The pound was also weaker, with slipping 0.1% to 1.2660

, which on Monday had touched $8,939.18, its highest level in more than a year, was last at $8,714.5. The cryptocurrency topped $8,000 for the first time since July 2018 on May 13.

--Reuters contributed to this report

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Let's block ads! (Why?)

https://www.investing.com/news/forex-news/forex--dollar-ticks-higher-euro-slips-1879957

2019-05-28 08:03:00Z
CBMiV2h0dHBzOi8vd3d3LmludmVzdGluZy5jb20vbmV3cy9mb3JleC1uZXdzL2ZvcmV4LS1kb2xsYXItdGlja3MtaGlnaGVyLWV1cm8tc2xpcHMtMTg3OTk1N9IBAA

Bagikan Berita Ini