Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Indexes  >  US Dollar Index       

US DOLLAR INDEX

SummaryChartsNews 
News SummaryAll news

Dollar edges higher before quarter-end

share with twitter share with LinkedIn share with facebook
06/29/2020 | 03:40pm EDT
FILE PHOTO: A U.S. Dollar banknote

By Karen Brettell

The greenback edged higher on Monday as investors positioned for quarter-end and weighed an increase in coronavirus cases in some U.S. states against improving economic data.

Thursday's jobs report for June was also a factor in portfolio adjustments.

"It's more or less just positioning. We've got just another day or so left in the month and the market's bracing for jobs data on Thursday," said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington.

U.S. employers are expected to have added 3 million jobs in June, according to the median estimate of economists polled by Reuters. Projections vary widely among economists, however, from as few as 405,000 jobs to as many as 9 million.

Data on Monday showed that contracts to buy U.S. previously owned homes rebounded by the most on record in May.

Concerns about renewed weakness have grown, however, as Texas, Florida and California are among U.S. states to reverse reopenings and reclose businesses such as bars to slow the spread of the coronavirus.

The dollar index <=USD> rose 0.08% to 97.56.

The euro gained 0.11% to $1.1229.

The euro's 50-day moving average moved above its 200-day moving average, known as a "golden cross," on Friday, which may indicate that the single currency is likely to gain in the coming month or two.

Paul Ciana, a technical analyst at Bank of America, said in a report on Monday that there have only been six so-called golden cross signals in the currency when the 200-day moving average was also rising since the euro began trading in 1999. In five of these six times the euro was higher 45-50 days later.

The dollar gained 0.45% against the Japanese yen to 107.69 yen.

Sterling weakened to a one-month low against the greenback on concerns about how Britain's government will pay for its planned infrastructure program.

There are also doubts about whether Britain will seal a trade pact with the European Union as little progress has been made in agreeing on Britain's future relationship with the bloc, which it exited on Jan. 31.

The pound was last down 0.41% at $1.2283.

(Reporting by Karen Brettell; Editing by Dan Grebler)

Stocks mentioned in the article
ChangeLast1st jan.
BANK OF AMERICA CORPORATION -2.42% 23.995 Delayed Quote.-30.15%
EURO / US DOLLAR (EUR/USD) 0.17% 1.14366 Delayed Quote.1.77%
WESTERN UNION COMPANY -0.02% 22.12 Delayed Quote.-17.36%
share with twitter share with LinkedIn share with facebook
Latest news on US DOLLAR INDEX
06:23aGold dips on firm dollar, stays above $1,800 on virus fears
RE
06:22aEUROPE : European shares knocked lower by China concerns, ECB in focus
RE
05:40aEUROPE : European shares knocked lower by China concerns, ECB in focus
RE
05:32aEUROPE : European shares knocked lower by China concerns, ECB in focus
RE
07/15Safe-haven dollar hits one-month low on vaccine hopes
RE
07/15Safe-haven dollar hits one-month low on vaccine hopes
RE
07/15WALL STREET STOCK EXCHANGE : U.S. Stocks Climb After Promising Vaccine Study
DJ
07/15WALL STREET STOCK EXCHANGE : U.S. Stocks Open Higher After Promising Vaccine Stu..
DJ
07/15U.S. Stock Futures Rise After Promising Vaccine Study
DJ
07/15U.S. Stock Futures Rise After Promising Vaccine Study
DJ
More news
Chart US DOLLAR INDEX
Duration : Period :
US Dollar Index Technical Analysis Chart | MarketScreener
Full-screen chart