Forex-Dollar more powerful, sterling drops on weak progress – Reuters
* Sterling drops on weak progress info * Chinese yuan gains, yen weakens on better chance appetite (New through, updates prices, sector exercise and opinions to U.S. sector open, new byline, changes dateline, preceding LONDON) By Karen Brettell NEW YORK, Jan 13 (Reuters) - The U.S. dollar index edged higher on Monday just before a heavy week of info, while sterling was the weakest performer immediately after tepid progress increased the likelihood that the Financial institution of England will lower fascination costs this thirty day period. In the United States, purchaser selling price info on Tuesday and retail product sales info on Thursday are this week’s most important U.S. financial focuses. The dollar weakened on Friday immediately after U.S. career progress slowed in December. The pound slipped immediately after info on Monday confirmed that Britain’s economy grew at its weakest yearly speed in additional than seven decades in November. “The United kingdom story is a reminder that despite what may have been feared before, the U.S. stays in good shape ... while the relaxation of the world’s struggling,” said Get Thin, global head of forex technique at Brown Brothers Harriman in New York. On Sunday, another Financial institution of England policymaker, Gertjan Vlieghe, said he would vote for a price lower this thirty day period unless financial info improved appreciably. The dollar index acquired .ten% to 97.457. Sterling dropped .53% against the dollar to $one.2990, immediately after before falling as small as $one.2959. The offshore Chinese yuan reached a five-one/2-thirty day period large and the secure-haven Japanese yen dropped to a seven-one/2-thirty day period small as the imminent signing of a preliminary U.S.-China trade deal boosted sentiment. The U.S.-China Period one settlement, because of to be signed at the White Residence on Wednesday, marks the to start with stage toward ending a harmful 18-thirty day period trade dispute among the world's two most significant economies. Adam Cole, an analyst at RBC Capital Markets, said that in the absence of any sizeable bulletins in excess of the weekend "markets have defaulted to smaller chance-on moves". The Australian dollar, which has been hurt by worries about the financial injury of the country's continuing bushfires, rose to a a single-week large of $.6919 just before providing back those people gains. ======================================================== Forex bid prices at nine:51AM (1451 GMT) Description RIC Very last U.S. Near Pct Transform YTD Pct Superior Bid Lower Bid Preceding Transform Session Euro/Dollar EUR= $one.1120 $one.1120 +.00% -.eighty% +one.1135 +one.1113 Dollar/Yen JPY= 109.8800 109.4600 +.38% +.94% +109.9200 +109.4500 Euro/Yen EURJPY= 122.19 121.74 +.37% +.20% +122.2900 +121.7400 Dollar/Swiss CHF= .9712 .9723 -.eleven% +.35% +.9736 +.9705 Sterling/Dollar GBP= one.2990 one.3059 -.53% -2.03% +one.3062 +one.2962 Dollar/Canadian CAD= one.3052 one.3050 +.02% +.51% +one.3067 +one.3035 Australian/Doll AUD= .6894 .6901 -.ten% -one.81% +.6919 +.6883 ar Euro/Swiss EURCHF= one.0801 one.0815 -.13% -.forty seven% +one.0833 +one.0799 Euro/Sterling EURGBP= .8560 .8511 +.fifty eight% +one.25% +.8579 +.8515 NZ NZD= .6621 .6629 -.twelve% -one.seventy one% +.6652 +.6622 Dollar/Dollar Dollar/Norway NOK= eight.9056 eight.8855 +.23% +one.45% +eight.9164 +eight.8638 Euro/Norway EURNOK= nine.9029 nine.8817 +.21% +.66% +nine.9133 +nine.8656 Dollar/Sweden SEK= nine.4937 nine.4990 -.07% +one.fifty seven% +nine.5288 +nine.4814 Euro/Sweden EURSEK= ten.5568 ten.5645 -.07% +.84% +ten.5925 +ten.5470 (Further reporting by Tommy Wilkes in London enhancing by Jonathan Oatis)
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