Create Account

Ahead of US government report, dollar gains

Loading exchange rates…

Ahead of US government report, dollar gains

Ahead of a US government report expected to show that durable goods orders rebounded in June, the dollar headed for a second weekly gain versus the euro, adding to signs the economy is gathering momentum.

The Bloomberg Dollar Spot Index climbed to its highest in a month yesterday before reports next week that economists said will show the world’s biggest economy expanded in the second quarter and employers boosted payrolls. The pound was set for a third week of losses before gross domestic product data due today. Indonesia’s rupiah fell amid concern defeated presidential candidate Prabowo Subianto will file a challenge today over the results of this month’s election.

The dollar was little changed at $1.3465 per euro during morning trading in London, having advanced 0.4% this week. The US currency was at 101.79 yen from 101.82 yesterday. The euro was little changed at 137.05 yen.

The Bloomberg Dollar Spot Index, which tracks the US currency against 10 major counterparts, was at 1,012.36 after rising to 1,012.54 yesterday, the highest level since June 18. The gauge has increased 0.3% this week after advancing 0.3% in the five days ended July 18.

Go to www.Youtube.com/deVereGroupchannel to watch the very latest deVere Group videos.

Euro’s slide slows as French bond markets stabilise

The Euro was on track for a fifth consecutive weekly decline on Friday, although signs emerged that selling pressure was easing as France’s bond market stabilised and falling US Treasury yields tempered the Dollar’s rally.
Click here

Pound dips as markets await Bailey’s rate clues

The British Pound edged lower against both the US Dollar and Euro on Thursday, as investors awaited a speech by Bank of England Governor Andrew Bailey that could provide clues about the central bank’s next interest rate decision.
Click here

Dollar advances as oil tops $100 and Fed takes centre stage 

The US Dollar edged higher on Wednesday, supported by rising oil prices, as investors awaited the Federal Reserve’s meeting minutes and comments from policymakers for clues about the outlook for interest rates.
Click here

Euro rout deepens as France’s fiscal risks intensify

The Euro fell sharply on Monday to a 17-month low as mounting fiscal concerns in France, coupled with a severe sell-off in the bond market, raised fears of contagion across the region.
Click here

Greenback surges to 17-month high as bond selloff rattles Euro

The US Dollar was on track for a third consecutive weekly gain on Friday, supported by a global bond selloff fuelled by inflation concerns over higher oil prices and mounting worries about France’s fiscal position. Meanwhile, the Euro remained near a 17-month low.
Click here

Dollar hits fresh three-month high as yields support greenback

The US Dollar climbed to a more than three-month high on Thursday, underpinned by a sustained rise in US Treasury yields. The increase in yields has been partly fuelled by concerns that the US-Israeli conflict with Iran could keep global price pressures elevated.
Click here

create account

Corporate Client
Private Client

Contact Us

deVere FX Queries

6th Floor, ABSA house,
Ebene Cybercity,
Mauritius,

J. Balcikonio str. 9,
LT- 08314, Vilnius,
Lithuania,

media contact

About

deVere Group – Foreign Exchange’s Public Relations Department deals with all areas of the media and external communications including international, national, regional, local, trade, consumer, print, broadcast, social and online. The Department aims to provide a helpful service to journalists, broadcasters and editors, amongst others, and reply to all media enquiries, including urgent enquiries out of hours, within agreed deadlines.

Contact

Our press office does not have access to client details and will not be able to assist with individual client enquiries. Please contact deVere Group – Foreign Exchange’s Head of Public Relations on [email protected] or call +44 2071220925.

Enquiries

deVere FX Queries

6th Floor, ABSA house,
Ebene Cybercity,
Mauritius,
J. Balcikonio str. 9,
LT- 08314, Vilnius,
Lithuania,

media contact

About

deVere Group – Foreign Exchange’s Public Relations Department deals with all areas of the media and external communications including international, national, regional, local, trade, consumer, print, broadcast, social and online. The Department aims to provide a helpful service to journalists, broadcasters and editors, amongst others, and reply to all media enquiries, including urgent enquiries out of hours, within agreed deadlines.

Contact

Our press office does not have access to client details and will not be able to assist with individual client enquiries. Please contact deVere Group – Foreign Exchange’s Head of Public Relations on [email protected] or call +44 2071220925.