Dollar Firm, Aussie on Defensive as Focus Turns to European, US Data
Wednesday, 15 May 2019 13:07 WIB | CURRENCIES | Indeks Dolar EuroDolar ASAussie

The dollar held steady while the Australian dollar hovered near a more than four-month low on Wednesday, as traders awaited European and U.S. data for clues on whether the worst is over for the global economy.

The foreign exchange market showed little reaction to worse-than-expected growth in Chinese industrial output and retail sales for April that underlined the need for Beijing to roll out more stimulus measures to support the world's second-largest economy.

The dollar was supported as trade issues remained foremost on investors' minds after U.S. President Donald Trump on Tuesday insisted that trade talks with China had not collapsed.

The dollar index against a basket of six key rivals was largely steady at 97.514, having risen 0.2% during the previous session.

The euro was last a shade firmer at $1.1206.

The Australian dollar dipped 0.2% to $0.6928, as it hovered close to its lowest since early January after data showed the pace of growth in Australian wages came to a halt last quarter.

Source : Reuters

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