Forex – Dollar Trades Flat in Lackluster Forex Moves

Forex – Dollar Trades Flat in Lackluster Forex Moves

Dollar holds steady despite handful of data from the U.S. and JapanDollar holds steady despite handful of data from the U.S. and Japan – The dollar traded in a tight range against major currencies on Tuesday, wavering around the unchanged mark, while trading volumes remained thin during the holiday season, while European, Australian, New Zealand and Hong Kong stock markets remained closed.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, dropped 0.06% at 92.82 by 10:45AM ET (15:45 GMT).

Little reaction was seen in the dollar to a handful of mixed economic data out on Tuesday. The S&P/Case-Shiller home price index showed that 20-city property values increased by from a year earlier, its .

Manufacturing activity in the Richmond Federal Reserve region dropped to a reading of , from the prior 30, missing estimates for a smaller decrease to 22, while a similar reading from the Dallas Fed shot up to from the previous 19.4, blowing past expectations for a reading of 20.0.

In line with lackluster Forex moves, was unchanged at 113.26, despite the fact that that Japanese readings on inflation, household spending and unemployment all beat consensus.

In Europe, slipped 0.05% at 1.1867, while edged down 0.04% to 1.3363.

Elsewhere, with Aussies and New Zealanders still on holidays, inched up 0.05% to 0.7721, while dipped 0.01% to 0.7020.

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Published at Tue, 26 Dec 2017 15:48:00 +0000