Dollar Rises on Fresh Signs of Chinese Slowdown
Wednesday, 27 March 2019 16:00 WIB | CURRENCIES |DOLLAR Indeks Dolar

The dollar is higher against most of its peers early Wednesday in Europe as a steady drumbeat of gloomy news about the economic outlook keeps a firm cap on risk appetite.

U.S. housing and consumer confidence data both fell short of expectations Tuesday, and the negative tone was sustained overnight by the Reserve Bank of New Zealand™s surprising announcement that its next move in interest rates is more likely to be down than up. The news sent the kiwi plummeting by 1.5% against the dollar, and dragged the Aussie down in sympathy.

Paradoxically, that news has dented the euro more than the yuan, due partly to the dependence of the euro zone's fortunes on exports to China. At 04:00 AM ET (08:00 GMT), the euro was at $1.1253 against the dollar, just off its lowest level in over two weeks.

The dollar index, which measures the greenback against a basket of six major currencies, was at 96.442, up around 0.2% from late Wednesday in the U.S.

Source : Investing.com

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