Dollar Near One Week Low
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| Coming Up Today (All Times GMT)
US Federal Reserve policy makers are preparing to meet and discuss interest rates and bond purchases. This upcoming meeting has driven the dollar down towards one-week lows – the USD fell against 11 of its 16 major counterparts. Tracking the USD against currencies of six major U.S. trading partners, the Dollar Index was at 79.258 today after declining 1 percent yesterday, while ten-year treasury yields climbed to 3.29%. Rising Retail Sales According to a Bloomberg survey, retail sales rose 0.6% in November as Americans geared up for the holidays. Expectations for Germany’s ZEW release increased to 3.9 this month from November’s 1.8. The Centre for European Economic Research (ZEW) in Mannheim is a nonprofit and independent institute which conducts research and informs the markets with forecasts and trends. USDJPY As traders look towards faster global growth, the Tankan Report, released in December by the Bank of Japan (BoJ), will show that Japanese bond yields are rising the most since June of 2008. The report will also show sentiment among manufacturers dropped for the first time in seven quarters, heading down to 3 from an 8 in September. |
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