CORRECTION: U.S. Dollar Drops As Key Data In Focus
28 Ottobre 2024 - 3:29PM
RTTF2
Corrects Headline and Introduction
The U.S. dollar fell against its major counterparts in the New
York session on Monday, as investors focus on key U.S. economic
data due later this week.
The monthly jobs report as well as a report on personal income
and spending that includes the Federal Reserve's preferred
inflation readings are likely to be in the spotlight.
Reports on third quarter GDP, consumer confidence, pending home
sales and manufacturing sector activity may also attract some
attention.
The data could impact the outlook for the economy as well as
expectations regarding how quickly the Fed will lower interest
rates.
Prominent U.S. companies that will report their earnings results
this week include Apple, Microsoft, Alphabet, Meta, Amazon, Intel
Advanced Micro Devices, McDonald's, Eli Lilly, ExxonMobil and
Starbucks.
The greenback fell to 1.0827 against the euro and 0.5997 against
the kiwi, from an early 4-day high of 1.0781 and a 2-1/2-month high
of 0.5957, respectively. The currency is seen finding support
around 1.10 against the euro and 0.62 against the kiwi.
The greenback dropped to 6-day lows of 0.8647 against the franc
and 1.3001 against the pound, from an early 2-1/2-month high of
0.8700 and a 4-day high of 1.2939, respectively. The next possible
support for the greenback is seen around 0.84 against the franc and
1.32 against the pound.
The greenback weakened to a 4-day low of 152.40 against the yen,
reversing from an early nearly 3-month high of 153.87. The currency
may challenge support around the 144.00 level.
The greenback retreated to 0.6609 against the aussie, from an
early 2-1/2-month high of 0.6579. If the currency falls further, it
is likely to test support around the 0.68 region.
In contrast, the greenback climbed to a 2-1/2-month high of
1.3908 against the loonie. The currency is poised to challenge
resistance around the 1.42 level.
Grafico Cross Euro vs US Dollar (FX:EURUSD)
Da Ott 2024 a Nov 2024
Grafico Cross Euro vs US Dollar (FX:EURUSD)
Da Nov 2023 a Nov 2024
