Sponsored Links
The dollar failed to build upon its gains from the previous session Tuesday, plunging to a fresh yearly low against the euro while leveling off versus other major currencies.
Increased risk appetite has crippled the dollar versus higher-yielding currencies of late. Stocks continued to push higher on Wall Street, even as traders looked ahead to the Federal Reserve's interest rate decision.
Most analysts expect the Fed to leave its target range for the federal funds rate unchanged at 0.0 to 0.25 percent, although traders will be keeping a close eye on the accompanying statement for any indications of future rate hikes.
Later in the week, heads of state will gather at the G20 Summit in Pittsburgh for talks on a wide range of issues, including an exit strategy from the massive stimulus propping up the global economy.
The dollar slumped badly versus the euro Tuesday morning, dropping to a yearly low of 1.4821 before heading sideways. With the loss, the dollar edged back to last year's record low near 1.6000.
Meanwhile, the dollar gave back some of its recent gains against the slumping sterling, sliding to 1.6350 from yesterday's 3-week high of 1.6133.
Against the yen, the dollar softened a bit to 91.20, moving back toward a seven-month low set a week ago.
The buck also tumbled against its Canadian counterpart, dropping to C$1.0667 from yesterday's high near C$1.0850. With the loss, the dollar eased toward last week's yearly low of C$1.0590.
Canadian retail sales Retail sales fell 0.6% to $34.2 billion in July. Stats Canada announced Tuesday. Most of the decline reflected lower prices at gasoline stations.
0 komentar:
Post a Comment