Forex – Dollar Edges Higher Vs. Other Majors in Thin Trade

Forex – Dollar Edges Higher Vs. Other Majors in Thin Trade

Dollar gains ground vs. rivals but gains cappedDollar gains ground vs. rivals but gains capped

Investing.com – The dollar edged higher against other majors currencies on Friday, as U.S. data and the vote of a major U.S. tax reform plan lent some support to the greenback.

Trading volumes were expected to remain ahead of the Christmas holiday on Monday.

Data on Thursday showed that the U.S. economy grew in the third quarter, which was a downward revision from the previous reading of 3.3%. It was still the fastest pace in more than two years.

The report came a day after the House of Representatives to the biggest U.S. tax overhaul in 30 years, marking President Donald Trump’s first political victory for .

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.12% at 92.95 by 02:05 a.m. ET (06:05 GMT).

The euro was lower, with down 0.14% at 1.1858, while held steady at 1.3381.

The single currency came under pressure after a Catalan vote on Thursday resulted in a , sparking fresh concerns over political turmoil in Spain.

The yen and the Swiss franc were little changed, with at 113.37 and with at 0.9889.

Elsewhere, the Australian dollar was stronger, with up 0.17% at 0.7715, while held steady at 0.7020.

Meanwhile, was almost unchanged at 1.2740.

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.

(Why?)

Published at Fri, 22 Dec 2017 07:07:00 +0000

Reply