full screen background image
Search
Sunday 21 October 2018
  • :
  • :

Forex – Dollar Gains; Rouble, New Zealand Dollar Tumble

Forex1 hour ago (Aug 09, 2018 03:21AM ET)

© Reuters. Dollar gains; rouble, New Zealand dollar tumble

Investing.com – The dollar gained ground against a currency basket on Thursday, while Russia’s rouble tumbled on sanctions fears and the New Zealand dollar hit two year lows on a dovish sounding central bank statement.

The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.13% to 95.08 by 03:18 AM ET (07:18 AM GMT).

The dollar was little changed against the yen, with USD/JPY at 111.02 after falling as low as 110.71 overnight ahead of expected bilateral trade talks between the U.S. and Japan in Washington later in the day.

The euro slid against the dollar, with EUR/USD down 0.19% to 1.1588.

The single currency was also a shade lower against the yen, with EUR/JPY easing to 128.76.

The pound was struggling near one-year lows against the euro and the dollar, with GBP/USD at 1.2857 and EUR/GBP at 0.9011 amid growing fears over the prospect of Britain exiting the European Union without a trade deal in place.

The New Zealand dollar was sharply lower, with NZD/USD dropping 1.16% to 0.6656, its weakest level since mid-March 2016.

The drop in the kiwi came after the Reserve Bank of New Zealand said overnight that it expects to keep interest rates at a record low for another two years and opened the door to a rate cut if needed.

The Australian dollar was holding steady, with AUD/USD at 0.7424.

Meanwhile, the U.S. dollar jumped to its highest level against Russia’s rouble in two years, with USD/RUB surging 1.68% to 66.6500. Russia’s currency was pressured lower by fears over the prospect of fresh U.S. sanctions.

China’s yuan slid against the dollar, with the currency, which is usually closely controlled by Beijing, at 6.8287 in offshore trading.


Forex – Dollar Gains; Rouble, New Zealand Dollar Tumble

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.