The Dollar
retreated slightly ahead of U.S inflation data
Aug 19th 2015
The Dollar retreated slightly against the Euro at the beginning of Tuesday trading session, offsetting its gains achieved after the release of upbeat U.S. housing starts data. On the other hand, the devaluation of the Chinese currency has pushed the investors to turn to safe-haven currencies especially the Yen and the Swiss Franc which rose against the Dollar, while the British Pound rebounded to the highest level in 7 weeks against the Dollar.
Aug 19th 2015
The Dollar retreated slightly against the Euro at the beginning of Tuesday trading session, offsetting its gains achieved after the release of upbeat U.S. housing starts data. On the other hand, the devaluation of the Chinese currency has pushed the investors to turn to safe-haven currencies especially the Yen and the Swiss Franc which rose against the Dollar, while the British Pound rebounded to the highest level in 7 weeks against the Dollar.
Today the
inventors’ main focus will turn to the U.S inflation report, and any positive
economic data will increase expectations that the Federal Reserve will hike its
interest rates as soon as the next month.
