Investing.com - " The U.S. dollar traded higher against most of
its major rivals during Tuesday's Asian session as traders in the
region eye the start of the two-day Federal Reserve meeting later
In Asian trading Tuesday, EUR/USD inched up 0.03% to 1.3791.
GBP/USD slid 0.25% to 1.6102 after a report compiled by the
Confederation of British Industry said just 2% of retailers
reported an increase in sales in October, down from 34% in
USD/JPY fell 0.06% to 97.64 after Japan's Statistic Bureau said the
country's unemployment rate fell to 4% last month from 4.1% in
August. Economists expected a reading of 4% for September.
In a separate report, the Statistics Bureau said household spending
in the world's third-largest economy rose 3.7% in September after
falling 1.6% in August. Analysts expected a September increase of
In another report, the Ministry of Economy Trade and Industry said
that Japanese retail sales rose 3.1% in September after rising 1.1%
in August. Analysts expected an increase of 1.9% last month.
Some market observers believe the retail sales and household
spending numbers shot up last month ahead of the implementation of
controversial consumption tax in Japan.
USD/CHF rose 0.03% to 0.8960 while USD/CAD inched down 0.02% to
In U.S. economic news out Monday, industry data revealed that U.S.
pending home sales fell 5.6% last month, down for the fourth
consecutive month and well below market calls for a gain of 0.1%
Industrial production rose 0.6% last month, better than the 0.4%
increase economists expected. Capacity utilization rose to 78.3%
from an upward-revised 77.9%, beating the estimate of 78%.
AUD/USD slipped 0.36% to 0.9540 after Reserve Bank of Australia
Governor Glenn Stevens said the Aussie could be "materially lower"
in the future.
NZD/USD fell 0.20% to 0.8286 while the
inched 0.01% to 79.41.
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