Mixed U.S. Dollar Trading
2022.10.19 11:12
Mixed U.S. Dollar Trading
Budrigannews.com – Despite edging higher in New York in early trading, the later retreated and ended the day mixed against its peers on Tuesday on renewed risk sentiment due to rebound in U.S. stocks.
Versus the , dollar found renewed buying at 148.68 and rose to a 149.29 (EBS). Despite a spike down to 148.13 on possible intervention from Japan, the price recovered swiftly to 149.21 ahead of New York open before edging higher to a fresh 32-year high at 149.38 in New York morning on cross-selling in yen.
The traded with a firm bias in Asia and gained to 0.9873 before retreating to 0.9813 on profit-taking. Despite rising to session highs at 0.9875 in New York, then pair retreated again to 0.9823 but only to rebound to 0.9863 near the close.
Reuters reported German investor sentiment rose slightly in October, even as the current economic situation was assessed as significantly worse than the previous month, leaving little room for optimism.
The economic research institute said on Tuesday its economic sentiment index grew slightly in October, to -59.2, from -61.9 in September.
A Reuters poll had pointed to an October reading of -65.7.
The gained briefly to an intra-day high at 1.1410 before tumbling to session lows at 1.1256 due partly to cross-selling in sterling especially vs euro. The pair then pared its losses and rebounded to 1.1346 at New York open before trading broadly sideways.
