DJIA28992.41
LIVE-224.83(-0.77%)
NDX9446.69
LIVE-181.14(-1.88%)

Dollar remains at two-month highs before U.S. growth data


Friday, 26 July 2019 15:41 WIB

DOLLAR Indeks DolarDolar AS


c_740_198_16777215_00_images_assets_CURRENCY2_636143922384254365752395245_4922.jpg

The dollar held near two-month highs on Friday and looked set for a second straight weekly gain, as the market awaited U.S. gross domestic product numbers for the second quarter.

The dollar's gains were also helped by widening yield differentials between U.S. and German debt. Spread were also holding at two-month highs at 244 bps.

Investors were disappointed by lack of policy action from the European Central Bank at a policy meeting on Thursday. Their attention will now shift to a Federal Reserve meeting next week, where policymakers are expected to cut interest rates by a quarter point.

Second-quarter growth figures for the United States due later on Friday will provide a backdrop for the Fed meeting. Expectations are for a 1.8% expansion in U.S. GDP, compared with 3.1% in the first quarter.

Against a basket of its rivals, the dollar rose 0.1% at 97.88, just shy of a two-month high of 97.92 in the previous session.

Source : Reuters


RELATED NEWS

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.