Forex -Signals – Dollar Weakness Likely Temporary

FxPremiere.com The dollar edged lower in early European trade Monday, with riskier assets to the fore after signs of economic recovery in China.

Additionally, EUR/USD gained 0.1% to 1.1633, having dropped to 1.1612 on Friday, its lowest in two months, while USD/JPY was down 0.2% at 105.36.

Dollar Edges Higher

Data over the weekend showed an increase in profits at China’s industrial companies for the fourth consecutive month in August, helping those seeking risk to move into equities and out of safe havens like the U.S. dollar.

ECB Leaves Rates, Asset Purchases Unchanged

Boston Fed and MIT

Dollar Down Amid Rising U.S.- China Tensions

Elsewhere, GBP/USD rose 0.2% at 1.2770, above Wednesday’s two-month low of $1.2676, with the final round of scheduled Brexit trade discussions between the EU’s chief negotiator, Michel Barnier, and his British counterpart, David Frost, beginning in Brussels on Tuesday.

Pound to Euro GBPEUR Rises

Forex -Signals – Dollar Weakness Likely Temporary

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