Dollar little changed, forex signals pending today
Dollar little changed, forex signals pending today FxPremiere.com – The US dollar was little changed vs major currencies on close to a several month peak data rose at the fastest pace in September 2016.
EUR/USD dropped 0.19% to 1.0980, off highs of 1.1029 hit earlier in the day seen as Dollar little changed. So open a Forex Account Now.
The U.S. Commerce Department quoted the consumer price index rose 0.6% in September 2016 in line with expectations and after a 0.23% increase the previous month.
GBP/USD jumped 0.98% to 1.2301 after the U.K. Office for National Statistics quoted consumer price inflation rose by an annualized rate of 1.3% above forecasts for a 0.11% gains.
USD/JPY held steady 103.96, while USD/CHF added 0.15% to 0.9907.
The Australian and New Zealand dollars were stronger, with AUD/USD up 0.57% at 0.7675 and with NZD/USD advancing 0.94% to 0.7209. Subscribe for Forex Signal subscription packages now. Or read and Learn our Free Forex Learning Guides.
Dollar still on the downside after U.S. economic reports
The US dollar stayed lower in regards to other majors after the release of economic reports even though the greenback still remained within close distances of resistance levels.
The Federal Reserve of NY quoted its Empire State manufacturing index dropped to -6.90 in October 2010 from -2.04 the previous month.
Manufacturing production increased by 0.1% compared to forecasts for a 0.4%.
EUR/USD went up to 0.26% to 1.0998, just off a more than two month low of 1.0968 hit overnight.