financetom
Economy
financetom
/
Economy
/
US Dollar Falls Early Tuesday Ahead of Home Prices, Consumer Confidence
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Dollar Falls Early Tuesday Ahead of Home Prices, Consumer Confidence
Aug 27, 2024 6:54 AM

07:44 AM EDT, 08/27/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Tuesday, except for a gain versus the yen, ahead of a busy day that starts with Redbook same store sales at 8:55 am ET and home prices for June at 9:00 am ET.

Consumer confidence data for August is due at 10:00 am ET at the same time as the Richmond Federal Reserve's manufacturing and services conditions data for August. The Dallas Fed's services reading for August follows at 10:30 am ET.

A quick summary of foreign exchange activity heading into Tuesday:

EUR/USD rose to 1.1164 from 1.1160 at the Monday US close but was below a level of 1.1172 at the same time Monday morning. There are no Eurozone data on Tuesday's schedule. The next European Central Bank meeting is scheduled for Sept. 12.

GBP/USD rose to 1.3217 from 1.3183 at the Monday US close and 1.3204 at the same time Monday morning. UK services conditions continued to deteriorate in August, though declines were less widespread than in the previous month, data released earlier Tuesday showed. The next Bank of England meeting is scheduled for Sept. 19.

USD/JPY rose to 144.7863 from 144.5945 at the Monday US close and 144.0341 at the same time Monday morning. There were no Japanese data released overnight. The next Bank of Japan meeting is scheduled for Sept. 19-20.

USD/CAD fell to 1.3466 from 1.3488 at the Monday US close and 1.3505 at the same time Monday morning. Canadian wholesale sales data for July are set to be released at 8:30 am ET. The next Bank of Canada meeting is scheduled for Sept. 4.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
India looking into 'freak' incidents like damage to Sikkim's Chungthang dam: RK Singh
India looking into 'freak' incidents like damage to Sikkim's Chungthang dam: RK Singh
Oct 18, 2023
Stressing on the need to have quick ramp up and ramp down energy sources for grid balancing, the minister described hydroelectric power's role as essential in the path to energy transition as wind energy is intermittent and the sun doesn't shine 24×7.
Zoomed Out | Critical Minerals — why India's current strategy to become self-reliant is so vital
Zoomed Out | Critical Minerals — why India's current strategy to become self-reliant is so vital
Nov 29, 2023
Internationally, there are genuine security concerns related to the criticality in building more diverse and dependable value chains for critical minerals, about their environmental and social sustainability, and technological challenges. While, India has taken the right steps for creating an ecosystem for accelerated exploration and production of critical and new age minerals, observes FICCI Mining Committee Co-Chair Pankaj Satija.
JPMorgan has a new way to gauge its green progress
JPMorgan has a new way to gauge its green progress
Nov 15, 2023
As the largest energy banker, JPMorgan is a frequent target of criticism over Wall Street’s role in the climate crisis. At the same time, the bank is a leading US arranger of green bonds, making it vulnerable to Republicans seeking to protect the fossil fuel industry.
In fight to curb climate change, a grim report shows world is struggling to get on track
In fight to curb climate change, a grim report shows world is struggling to get on track
Nov 14, 2023
The State of Climate Action report released on Tuesday by the World Resources Institute, Climate Action Tracker, the Bezos Earth Fund and others looks at what's needed in several sectors of the global economy power, transportation, buildings, industry, finance and forestry to fit in a world that limits warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) over pre-industrial times, the goal the world adopted at Paris in 2015. The globe has already warmed about 1.2 degrees Celsius (2.2 degrees Fahrenheit) since the mid-19th century.
Copyright 2023-2025 - www.financetom.com All Rights Reserved