US Session – Majors little changed as risk appetite increases
November 18, 2013 8:38 pm
The US dollar traded little changed against the euro, as the single currency shed 0.07% to trade at 1.3499 – just under 1.35, a level which proved a focal point for today’s trading in the pair.
The pound gave up a little ground versus the US dollar, dropping 0.06% to 1.6094.
In Fed speeches, William Dudley, President of the New York Federal Reserve, said he was getting more hopeful about the US economy and its prospects following recent data releases.
The dollar was also little changed against the yen at 100.05, despite strong gains in equities, which in theory should have hurt the yen. The yen was also slightly stronger against the euro and the pound, at 135.07 and 161.06, after losses during the previous week.
The S&P 500 and the Dow Jones Industrials Average made new all-time highs today, as they crossed the psychologically important levels of 1,800 and 16,000 respectively.
Earlier in the day, the German DAX also made a new high. Traders will be expecting the release of the German ZEW investor sentiment survey during the early European session on Tuesday.
In economic news out of the US, the National Association of Homebuilders’ (NAHB) housing market index for November dropped 1 point to 54 compared to 55 during the previous month. 55 was also what was expected by economists.
The US dollar traded little changed against the euro, as the single currency shed 0.07% to trade at 1.3499 – just under 1.35, a level which proved a focal point for today’s trading in the pair.
The pound gave up a little ground versus the US dollar, dropping 0.06% to 1.6094.
In Fed speeches, William Dudley, President of the New York Federal Reserve, said he was getting more hopeful about the US economy and its prospects following recent data releases.
The dollar was also little changed against the yen at 100.05, despite strong gains in equities, which in theory should have hurt the yen. The yen was also slightly stronger against the euro and the pound, at 135.07 and 161.06, after losses during the previous week.
The S&P 500 and the Dow Jones Industrials Average made new all-time highs today, as they crossed the psychologically important levels of 1,800 and 16,000 respectively.
Earlier in the day, the German DAX also made a new high. Traders will be expecting the release of the German ZEW investor sentiment survey during the early European session on Tuesday.
In economic news out of the US, the National Association of Homebuilders’ (NAHB) housing market index for November dropped 1 point to 54 compared to 55 during the previous month. 55 was also what was expected by economists.
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