FOREX

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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