Live Fx News Today on Capital Markets
Live Fx News Today on Capital Markets The us dollar was ON two-week highs versus the other major currencies, with U.S. data continued to move up over the economy.
EUR/USD slid 0.50% to 1.1159, the lowest since September 30th 2016. Live Fx News.
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The greenback strengthened after the index of manufacturing activity rose to 50.7 last month from 50.1. Analysts had forecast a lesser increase to 50.2.
GBP/USD dropped 0.78% to trade at a 33-year low of 1.2744.Live Fx News by FxPremiere Group Forex Signals
USD/JPY climbed 0.90% to a high of 102.61, while USD/CHF advanced 0.79% to 0.9819.
The US dollar moved broadly higher vs the other major currencies.
GBP/USD dropped 0.70% to trade at a 33-year low of 1.2750.
USD/JPY climbed 0.73% to a two-week high of 102.39, while USD/CHF advanced 0.69% to 0.9798.
The pound fell to 31-year lows against the U.S. dollar on Tuesday, despite the release of upbeat U.K. construction activity data, as concerns over a potential hard Brexit dominated market sentiment.
GBP/USD slid 0.41% during EU morning trades before settling at a 33-year low of 1.2790.
Research firm – Markit quoted its U.K. purchasing index rose to 51.9 in Sept 2016 from Aug 48.9 reading. Economists expected the index to lower to 50.0 in Sept 2016.
But the GBP stayed under pressure with concerns over a brexit with march deadlines.
The greenback rose to 51.9 last month from Aug 2016 reading of 48.9.
The report added the strength of the economy after U.S. sentiments info.
Market participants were also watching U.S. non-farm payrolls report, as the Fed Reserve had shown future interest rate decisions will be all on the DATA.
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