Forex News

Dollar Pullbacks Positive over U.S. Data

Dollar Pullbacks Positive over U.S. Data!


On Wednesday morning the dollar was down in Asia and will continue to retreat the session from the safe side according to the data released on Tuesday US inflation.

The US consumer price index has posted a 0.6% increase data month by month that was seems higher in almost eight years. As a result of this the US data fears of the deflationary pressure of the US economy due to the Coronavirus.

The US Dollar tracks and shows the greenbacks against the other currencies that will fall down 0.11% to the level at 96.073.

The USD/JPY pair seemed up at the level 107.23 with 0.01%  because the Bank of Japan release the status policy statement the day later it is expected to change in the monetary policy.

The AUD/USD pair will be gained and reach the level 0.7008 at 0.49% and the NZD/USD pair seemed up at 0.32% to the level 0.6561. If we talk about the GBP/USD pair it will reach the gain at level 1.2584 to 0.28%.