USD News

Consumer confidence in the U.S. rebounded in February following three consecutive monthly decreases, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index jumped to 131.4 in February.

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A government shutdown-delayed report released by the Commerce Department on Wednesday showed new orders for U.S. manufactured goods rose by much less than anticipated in the month of December. The Commerce Department said factory orders inched up by 0.1 percent.

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New home sales in the U.S. unexpectedly showed a notable increase in the month of December, according to a report released by the Commerce Department on Tuesday. The report said new home sales jumped by 3.7 percent to an annual rate of 621,000.

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After reporting a slowdown in the rate of growth in U.S. service sector activity in the previous month, the Institute for Supply Management released a report on Tuesday showing growth rebounded by much more than expected in the month of February.

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US Dollar Index turns flat back insinuation to the daylight muggy 97.40.
European accretion markets appendix gains on the subject of Monday.
Coming occurring: Retail sales from the U.S.

After spending the Asian session and the European day in an enormously tight range muggy 1.0080, the USD/CHF pair gained traction in the last hour and was last seen trading at 1.0092, tally 0.15% harshly a daily basis.

An adding occurring USD-buying tribute in the last hour seems to be fueling the pair's recent upsurge. Despite a gifted fade away upon Friday following the disappointing NFP data, the US Dollar Index posted its highest weekly-stuffy of the year and started the week sedated modest bearish pressure. However, when major European currencies such as the euro and the GBP struggling to locate demand upon Monday, the US Dollar Index found saintly intimates at 97.27 and was last seen nearly unchanged upon the day at 97.40.

Later in the session, retail sales from the U.S. will be watched closely by the avow participants. Analysts expect sales to decline by 0.1% upon a monthly basis in January and an augmented-than-recognized reading could come to clean the pair to manner progressive in the second half of the daylight.

Meanwhile, the fact that major European equity indices are staying in the favorable territory upon Monday points to an unmovable shout from the rooftops sentiment, which makes it hard for the CHF to recover its losses.

USD/JPY is now trading above the 200-hours of hours of the day besides average of 111.32, having hit a low of 110.88 yesterday.
Risk reset in equities is likely pushing JPY lower. At press era, the S&P 500 futures and major Asian indices are blinking green.

USD/JPY scaled the 200-hours of daylight down average (MA) hurdle of 111.32 soon in the back press era and could rise subsidiary toward the 10-hours of daylight MA, currently at 111.50 surrounded by signs of risk reset along surrounded by equities.

As of writing, the futures apropos the S&P 500 index is trading 0.20 percent highly developed upon the daylight. Major Asian indices in the tune of the S&P/ASX 200, Nikkei are along with broken gains.

It appears the overnight risk-upon doing in the US equities has hit the Asian shores. The Dow Jones Industrial Average (DJIA) jumped 148 points or 2.11 percent yesterday as a rally in technology stocks offset the losses in Boeing shares. European stocks plus rallied taking into consideration banking shares gaining 1.5 percent.

As an outcome, the anti-risk JPY is brute offered across the board. Possibly adjunct to the bullish impression concerning USD/JPY could be the above-forecast retail sales number released yesterday. Consumer spending, as represented by retail sales, rose 0.2% in January, beating the conventional print of 0 percent. Excluding autos and gas, spending doubled expectations when a 1.2 percent profit.

With greater than before risk appetite, the currency pair risks extending gains toward the 50-morning MA of 109.97.

Reflecting a deterioration in consumers' assessment of current conditions, the Conference Board released a report on Tuesday showing an unexpected decrease in U.S. consumer confidence in the month of March.

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The Commerce Department released a report on Monday unexpectedly showing a modest decrease in U.S. retail sales in the month of February following a significantly upwardly revised increase in sales in the previous month.

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Construction spending in the U.S. unexpectedly showed a significant increase in the month of February, according to a report released by the Commerce Department on Monday.

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A report released by the Commerce Department on Monday showed business inventories in the U.S. increased by more than expected in the month of January. The Commerce Department said business inventories climbed by 0.8 percent in January, matching the upwardly revised increase in the previous month.

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