Dollar Steady; Australian Dollar Rises on Strong Chinese Data
Monday, 15 July 2019 15:17 WIB | CURRENCIES |DOLLAR Indeks DolarAussieDolar

The U.S. dollar was little changed on Monday as expectations for a Federal Reserve rate cut continued to weigh.

The U.S. dollar index that tracks the greenback was little changed at 96.472 by 1:08 AM ET (05:08 GMT).

Fed Chair Jerome Powell and Chicago Fed President Charles Evans both made comments last week indicating that rate cuts are needed in order to boost inflation.

Markets have priced in a 25 basis-point rate cut at the end of July, and there is a roughly 20% chance of a 50 basis point cut.

Investors will be looking to U.S. retail sales figures due Tuesday and company earnings for signs of how shoppers and businesses are weathering the slowdown.

Meanwhile, the Australian dollar rose 0.2% following some better-than-expected Chinese data.

Source : Investing.com

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