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Dollar Edges Lower as Currencies Retrace Friday Moves


Monday, 25 March 2019 23:53 WIB

DOLLAR


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Many currencies, including the majors, were retracing last week’s movements on Monday, leading to little action in the U.S. dollar and euro, as well as a rebound from losses in emerging markets.

On Monday, the ICE U.S. Dollar Index was down 0.1% at 96.530.

Similarly, the euro which got punished after weaker than expected manufacturing data for the eurozone and its biggest component Germany, was slightly stronger at $1.1318, versus $1.1305.

On Monday, Germany’s Ifo data for March showed stronger than anticipated assessments of business climate, current conditions and expectations.

The Japanese yen weakened against the dollar, after shooting to a roughly six-week high in response to Friday’s action in bond yields. One dollar last bought ¥110.11, compared with ¥109.92 late Friday in New York.

Source : Market Watch


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