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Dollar trading mixed after US data and news of trade tensions

2019-06-27 03:31 pm | Resource: News | No Views : 168

 Dollar trading mixed after US data and news of trade tensions

The Dollar traded mixed after a number of data including GDP data and unemployment claims, as well as the rise in home sales and the latest number of G20 data and trade tensions

Pending home sales in the US are up 1.1% in May

US home sales rose 1.1 percent in May, the National Association of Realtors said on Thursday. Pending home sales rose 105.4, up from 104.3 in March.

On a year-on-year basis, the index was down 0.7%, marking the seventeenth straight monthly decline in the index.

Buyers, for good reason, are keen to buy and close these rates, "said Lawrence Yun, chief economist at the National Association of Realtors. "Creating jobs and rising inventories will drive more buyers to enter the market," he said.

The United States rejects a "balanced" trade deal with China

US Trade Representative Robert Laitser told the Chinese negotiating team that the trade deal being negotiated would not be "balanced," which Beijing expects, CNBC quoted a source familiar with the situation as saying on Wednesday.

US President Donald Trump and his Chinese counterpart Xi Jinping Osaka will visit Japan ahead of the G20 summit that will continue on Friday. The conference is expected to be a breakthrough in trade negotiations between two economic powers.

However, Washington still wants to punish China for the alleged theft of US technology, and the issue of intellectual property theft (IP) will be a priority in the talks.

Major currencies trading
  • The dollar index, which tracks the performance of the greenback versus a number of major currencies, rose 0.02% to settle at 96.24 points.
  • The euro fell very slightly against the dollar as the euro traded at 1.1366.
  • GBP / USD fell 0.15% to trade at $ 1.2666.
  • The dollar slipped against the yen, which is a safe haven to settle at 107.74.
  • The greenback rose against the Canadian currency at 1.3114.

Other analysis

Best Opportunities, Vision and Technical Analysis for the USD/JPY pair 17 April 2019

We offer you the analysis of the US dollar against the Japanese Yen on Wednesday, April 17, 2019 with the most important expectations for the dollar against the Japanese yen on the market. Time frame Used - four hours The USD/JPY is moving in a bullish direction in the near term. USD/JPY is still facing resistance and selling pressure around 112.10 as the USD-JPY closed yesterday's session down below 112.00…

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