Market news
23.08.2011, 12:20

European session: The dollar weakened

Data:
07:28 Germany PMI (August) flash 52.0 51.0 52.0
07:28 Germany PMI services (August) flash 50.4 52.0 52.9
07:58 EU(17) PMI (August) flash 49.7 49.5 50.4
07:58 EU(17) PMI services (August) flash 51.5 51.0 51.6
09:00 Germany ZEW economic expectations index (August) -37.6 -25.0 -15.1
10:00 UK CBI industrial order books balance (August) +1% -13% -10%
10:00 UK CBI industrial output balance (August) +13% - 6%

The dollar weakened against most of their major counterparts after reports showed manufacturing from China to Europe exceeded economists’ forecasts, reducing demand for safer assets.
The euro strengthened for a third day versus the yen after gauges of German and euro-area manufacturing beat estimates. 
Japan’s Finance Minister Yoshihiko Noda said recent gains in the yen may hurt the nation’s economy, fueling speculation officials will act to curb its appreciation.
Gains in the euro were tempered after an industry report showed German investor confidence slumped in August.
The ZEW Center for European Economic Research said its index of investor and analyst expectations, which aims to predict developments six months in advance, fell to minus 37.6 from minus 15.1 in July. Economists forecast a decline to minus 26, according to a survey.

EUR/USD: the pair shown high in area  $1.4500.
GBP/USD: the pair shown high in area $1.6570 but  decreased later.
USD/JPY: the pair decreased in area Y76.50.

US data include New Home Sales at 14:00 GMT.

Latest news
12.12.2024
Currencies. Daily history for Wednesday, December 11, 2024
11.12.2024
NZD/USD posts modest gains to near 0.5800 as Trump trade risks loom
11.12.2024
EUR/USD trudges lower ahead of ECB rate call
11.12.2024
GBP/USD sticks to midrange post-US CPI inflation
11.12.2024
AUD/USD weakens below 0.6400 ahead of Australian employment data
11.12.2024
Crude Oil rises on Wednesday, WTI taps $70 per barrel
11.12.2024
Forex Today: Market players eye Australia’s jobs data, ahead of US PPI and jobless claims
11.12.2024
Dow Jones Industrial Average treads water after US CPI meets expectations
Support
Personal area
Choose your language / location
English
Español
Русский
Tiếng Việt
Српски
Українська
Enter your request
Start Bonus Open Demo Account
Forex Demo Account
Start Bonus 100%
Synchronous Trading
Our Advantages
Economic Calendar

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location