💥 Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

Dollar moves higher vs. other majors, U.S. data still supports

Published 10/03/2016, 02:11 AM
© Reuters.  Dollar remains supported against rivals on U.S. data, Deutsche Bank news
EUR/USD
-
GBP/USD
-
USD/JPY
-
DBKGn
-
DX
-

Investing.com - The dollar was higher against other major currencies on Monday, as Friday’s upbeat U.S. data continued to support and as concerns over sanctions against Deutsche Bank (DE:DBKGn) continued to ease.

EUR/USD eased 0.08% to 1.1230.

The greenback strengthened after the University of Michigan said in a revised report on Friday that its consumer sentiment index hit 91.2 in September, up from a previous estimate of 89.8 and beating expectations for a reading of 90.0.

Data also showed that the Chicago purchasing managers’ index rose to 54.2 this month from 51.5 the previous month, exceeding expectations for an uptick to 52.0.

USD/JPY was little changed at 101.39.

Meanwhile, market sentiment improved following reports late last week that Deutsche Bank is nearing a deal to settle a mortgage-securities investigation by paying a $5.4 billion fine, well below the Justice Department’s original proposal of $14 billion.

GBP/USD slid 0.35% to trade at 1.2934.

Investors were looking ahead to a report on U.K. manufacturing activity due later in the day, for further indications on the strength of the economy post-Brexit.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.10% at 95.48, after hitting a more than one-week high of 95.89 on Friday.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.