The U.S. dollar edged higher in early European trade Tuesday, remaining near a one-week high - GEPL Capital
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News / Other data
* The dollar was little changed against a basket of currencies on Tuesday as investors waited on U.S. retail sales and minutes from the Federal Reserve's July meeting on Wednesday.
* The U.S. dollar edged higher in early European trade Tuesday, remaining near a one-week high as global recession fears prompted demand for the safe haven currency.
* The U.S. dollar edged higher in early European trade Monday, benefiting from its safe haven status, while the Chinese yuan dipped after a batch of disappointing data from China prompted the country’s central bank to cut interest rates.
* China’s yuan fell the most among Asian currencies on Tuesday, hitting a three-month low as a surprise rate cut by the central bank raised concerns over slowing economic growth.
* The Chinese yuan fell slightly on Wednesday after the country logged weaker-than-expected inflation readings for July, while most other Asian currencies tread water in anticipation of key U.S. inflation data.
* The safe-haven U.S. dollar bounced on Monday while commodity-sensitive currencies including the Australian dollar tumbled after a new batch of disappointing Chinese data bolstered global recession worries.
* The U.S. dollar edged higher in early European trade Friday, rebounding to a degree after a two-day selloff as weaker than expected inflation data prompted a rethink of the Federal Reserve’s likely tightening path.
inference
* 'Actual' greater than 'Forecast' is good for currency
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