Media ININ Economy We Trust
26-04-2019 MEDIA IN\ AGENCIES
The euro is hovering near a 22-month low on Friday as traders wait to see whether US GDP data due later in the day will boost signs of strength and push the dollar higher.
The dollar index, which tracks the performance of the greenback against a basket of six rival currencies, slipped to 98.101 after rising to 98.322 on Thursday, its highest level since May 2017. The euro gained 0.1 percent to $ 1.1140.
New orders for US capital goods increased the most in eight months in March. This comes after recent US data, easing concerns about a sharp slowdown in the world’s largest economy.
GDP data due to be released by 12:30 GMT is expected to show US economic growth of 2 percent year-over-year in the first quarter.
The yen was little changed at 111.63 to the dollar after falling 0.5 percent in foreign markets.
The Australian dollar was up 0.2 percent at $ 0.7027. The Australian dollar lost about 2 percent this week, hitting its lowest level in four months as weak domestic inflation data boosted the chances for the RBA to cut interest rates.
The New Zealand dollar was up 0.3 percent at $ 0.6647.
The pound retreated above $ 1.29 after being hit this week by dollar strength and concerns over EU exit talks between the ruling Conservative Party and the opposition Labor Party
