Dollar index extends gains, hits two weeks maximum

Investing.com - The dollar rose to two-week highs against other major currencies on Thursday, despite the publication of negative data on all US as concerns over a possible British exit from the European Union or Brexit, the dominated sentiment. The Department of Labor He said the number of individuals applying for initial jobless benefits in the week ending June 11 increased by 13,000 to 277,000 of the total 264,000 the previous week. Analysts had expected jobless claims to rise by 6,000 last week 270.000. Separately, the US Department of Commerce He said consumer prices rose 0.2% in May, compared to expectations of a rise of 0.3%. year over year, consumer prices were 1.0% higher than last month, below expectations for a 1.1% increase. The core CPI, which excludes food and energy costs, rose as expected in May by 0.2%. On a more positive note, the Federal Reserve Bank of Philadelphia said its manufacturing index improved to 4.7 this month from -1.8 in May, exceeding expectations for a rise to 1.1. The USD / JPY down 2.05% to 103.81, the lowest level since August 2014 after Bank of Japan officials voted to continue the expansion of the monetary base at an annual rate of about ¥ 80 million . At the conclusion of its policy meeting on Thursday, the BOJ also said the EU referendum on June 23 as a key geopolitical threat to the Japanese economy, along with the "European debt problem". The decision came after the Fed also mentioned the referendum as a factor in its decision on Wednesday to keep interest rates unchanged. The dollar had weakened against major currencies as the Fed kept rates unchanged and lowered forecasts of how much they expect to raise interest rates in coming years. EUR / USD fell 1.07% to half past two week low of 1.1140. The dollar moved higher against the pound and the Swiss franc, with GBP / USD down 1.16% to 1.4045 and USD / CHF rising 0.70% to 0.9681. The pound weakened after the Bank of England kept its monetary policy unchanged, in line with expectations, and reiterated that the possibility of a Brexit was "the greatest immediate risk from financial markets UK, and financial markets, possibly also worldwide. " Also Thursday, the Swiss National Bank kept its benchmark interest rate unchanged at record low -0.75% and reiterated that it stands ready to take further measures to weaken the franc. The dollars of Australia and New Zealand were weaker, with AUD / USD down 1.40% to 0.7304 and NZD / USD declining 0.73% to 0.6982. Earlier Thursday, the Australian Bureau of Statistics said the number of employed rose by 17,900 in May, beating expectations for an increase of 15,000, while the unemployment rate remained unchanged at 5.7% last month. In New Zealand, official data showed that gross domestic product grew 0.7% in the first quarter, beating expectations for an increase of 0.5%. Year after year, GDP increased by 2.8% in the last quarter.

Forex - Yen gains strength on safe-haven buying, evaluated data from China

Investing.com - The yen gained further in Asia on Monday, led by safe-haven buying as investors braced for a week of exams policies of central banks and urns studied for a possible split UK EU and studied data from China, which pointed to strong retail sales. USD / JPY changed hands at 106.08, down 0.86%, while EUR / USD was trading at 1.1242, down 0.09%. GBP / USD held at 1.4186, down 0.48%. In China, investment in fixed assets rose 9.6% in May, below the expected 10.5% increase year after year. In turn, industrial production seen May gained 6.0%, slightly better than the 5.9% seen year after year and retail sales increased by 10%, but still below the 10.1% yoy expected. Markets in Australia are closed for a holiday. The US dollar index, which measures the strength of the greenback against a trade-weighted basket of six major currencies, rose 0.14% to 94.76. Investors will focus to monetary policy announcement Wednesday by the Fed for clues about the future direction of interest rates in the US, as well as the monetary policy meetings in Japan, Switzerland and the United Kingdom Also ahead, Britain's June 23 referendum on whether to remain in the European Union will weigh on the pound and the euro. Last week, the dollar ended the week sharply higher against other major currencies on Friday despite lower expectations of a summer rate hike by the Federal Reserve. Markets have pushed back expectations on the timing of the next rate hike by the US central bank after the dismal May jobs report, which he showed the economy created only 38,000 jobs last month, the smallest increase since September 2010. (NASDAQ: CME) CME Group tool clock Fed said Friday that the possibility of a 1.9% FOMC will raise rates in June. The probability of at least one rate hike in 2016 stood at 58.8%. A speech by Fed Chairman Janet Yellen said on Monday that interest rates will not rise until the uncertainty about the economic outlook is resolved. Yellen said he expects economic recovery to continue, but gave no indication of the date of an upcoming rate increase. The Fed raised interest rates for the first time in nearly a decade in December.

Forex - Aussie top edges, kiwi slides with focus on Fed meeting

Investing.com - The Australian dollar rose against its US counterpart on Monday, while the New Zealand dollar lesser extent slid markets were jittery ahead of the policy meeting of the Federal Reserve this week amid uncertainty about the timing of future rate hikes in the United States. The AUD / USD rose 0.18% to 0.7388. Optimism about the strength of the US economy I was boosted after the US Labor Department He said Thursday that the number of individuals who filed for unemployment insurance in the week ended June 4 fell unexpectedly to 264,000. On Friday, the University of Michigan said its index of consumer confidence fell to 94.3 in June from 94.7 in the previous month, compared to expectations for a decline to 94.0. But markets seem to have pushed back expectations on the timing of the next rate hike by the US central bank after a US jobs report gloomy for May, which showed that the rate of slower job growth since September 2010. In addition, a speech from Federal Reserve President Janet Yellen said on Monday that interest rates will not rise until the uncertainty about the economic outlook is resolved. NZD / USD fell 0.16% to trade at 0.7043. The US dollar index, which measures the strength of the greenback against a trade-weighted basket of six major currencies, was steady at a maximum of a week of 94.64.

Dollar moves down before the FOMC meeting

Investing.com - The dollar moved lower against major currencies on Monday, as sentiment on the dollar became brittle before the monthly policy meeting of the Federal Reserve to begin on Tuesday. The USD / JPY down 0.45% to 106.51, about one and a half months minimum of 105.75 hit earlier in the session. Markets have pushed back expectations on the timing of the next rate hike by the US central bank after a US jobs report gloomy for May, which showed that the rate of slower job growth since September 2010. Meanwhile, the yen strengthened as a safe haven weak outside China and Japan economic data on Monday hit the outlook for economic growth in Asia. Data from China showed that the growth of investment in fixed assets fell below 10% for the first time since 2000 in the period from January to May. Another report showed the index of business sentiment survey in Japan's large manufacturers fell to minus 11.1 in the second quarter, from a reading of minus 7.9 in the first three months of the year. The EUR / USD rose 0.34% to 1.1290. The dollar turned lower against the pound, with GBP / USD rose 0.19% to 1.4282 and remained stable against the Swiss franc, with USD / CHF at 0.9657. Sterling came under pressure in recent sessions amid fears that an outflow of UK Brexit or the European Union in the referendum of June 23 could trigger a period of uncertainty in financial markets and hit growth in the region . An opinion poll conducted by the International ORB Friday put support for a Brexit at 53%, compared with 47% for the rest. The dollars of Australia and New Zealand were higher, with AUD / USD up 0.31% to 0.7397 and NZD / USD adding 0.13% to 0.7064. Elsewhere, the USD / CAD was little changed at 1.2779. The US dollar index, which measures the strength of the greenback against a trade-weighted basket of six major currencies, was down 0.21% to 94.44, away from a one-week high of 94.83 hit earlier on Monday .