Investing.com - The U.S. dollar traded lower against most of its major rivals during Sunday’s Asian session as traders approach the greenback’s counterparts in optimistic fashion.
In Asian trading Monday, EUR/USD inched up 0.01 to 1.3495. EUR/USD dropped 2.15% last week and traders are now eying the November 7 European Central Bank where the ECB is widely expected to keep interest rates at 0.5%.
Later Monday, Spain and Italy are to release data on manufacturing activity. Italy and Spain are the euro zone’s third- and fourth-largest economies, respectively.
USD/JPY rose 0.07% to 98.78. Markets in Japan are closed today for a public holiday.
GBP/USD nudged up 0.03% to 1.5933 after the Confederation of British Industry raised its growth outlook for the British economy to 1.4% this year and 2.4% next year, from 1.2% and 2.3%.
U.K. GDP growth is expected to be 0.5% this quarter after a third-quarter growth rate of 0.8%. In another report, 37% of companies surveyed in Ernst & Young’s U.K. capital confidence barometer published today said they expect to make acquisitions in the next 12 months, compared with 26% last year, Bloomberg reported.
An ICAEW/Grant Thornton report suggests the U.K. economy will see growth of 1.3% by the fourth quarter of next year. The report said the U.K. economy could be one of the fastest-growing in the Western world by next year.
USD/CHF inched up 0.01% to 0.9124 while USD/CAD fell 0.06% to 1.0418.
AUD/USD surged 0.51% to 0.9486 after the Australian Bureau of Statistics said retail sales there rose 0.8% last month after a September gain of 0.5%. The September number was revised up from growth of 0.4%. Analysts expected an October increase of 0.4%.
In a separate report, the Bureau of Statistics said that Australia’s home price index rose 1.9% in third quarter following a 2.7% gain in the second quarter. The second-quarter reading was revised up from 2.4%. Analysts expected a third-quarter increase of 2.1%.
NZD/USD rose 0.16% to 0.8275 while the U.S. Dollar Index inched down 0.02% to 89.79.
In Asian trading Monday, EUR/USD inched up 0.01 to 1.3495. EUR/USD dropped 2.15% last week and traders are now eying the November 7 European Central Bank where the ECB is widely expected to keep interest rates at 0.5%.
Later Monday, Spain and Italy are to release data on manufacturing activity. Italy and Spain are the euro zone’s third- and fourth-largest economies, respectively.
USD/JPY rose 0.07% to 98.78. Markets in Japan are closed today for a public holiday.
GBP/USD nudged up 0.03% to 1.5933 after the Confederation of British Industry raised its growth outlook for the British economy to 1.4% this year and 2.4% next year, from 1.2% and 2.3%.
U.K. GDP growth is expected to be 0.5% this quarter after a third-quarter growth rate of 0.8%. In another report, 37% of companies surveyed in Ernst & Young’s U.K. capital confidence barometer published today said they expect to make acquisitions in the next 12 months, compared with 26% last year, Bloomberg reported.
An ICAEW/Grant Thornton report suggests the U.K. economy will see growth of 1.3% by the fourth quarter of next year. The report said the U.K. economy could be one of the fastest-growing in the Western world by next year.
USD/CHF inched up 0.01% to 0.9124 while USD/CAD fell 0.06% to 1.0418.
AUD/USD surged 0.51% to 0.9486 after the Australian Bureau of Statistics said retail sales there rose 0.8% last month after a September gain of 0.5%. The September number was revised up from growth of 0.4%. Analysts expected an October increase of 0.4%.
In a separate report, the Bureau of Statistics said that Australia’s home price index rose 1.9% in third quarter following a 2.7% gain in the second quarter. The second-quarter reading was revised up from 2.4%. Analysts expected a third-quarter increase of 2.1%.
NZD/USD rose 0.16% to 0.8275 while the U.S. Dollar Index inched down 0.02% to 89.79.