Forex News

The US dollar is traded mixed against the backdrop of a lack of data

The dollar began trading on Tuesday with weak positions, but then grew. After growth, the dollar began to bargain mixed. The continuing lack of economic data of the US keeps some investors away. On the economic front, it will be quiet until Thursday, when data are announced on weekly applications for unemployment benefits, wholesale trade and the producer price index.

The dollar fell to a low of 1,1608 against the euro on Tuesday, but has since returned to around 1,1590.

Germany's exports remained unchanged amidst trade conflicts, and industrial production in June fell more than expected, official data showed.

Exports slowed in June from May after rising by 1.7 percent, according to Destatis . Economists predicted a 0.4 percent decrease.

On the other hand, the monthly growth in imports accelerated to 1.2 percent from 0.7 percent in May. This was much faster than the expected growth of 0.2 percent.

As a result, the trade surplus fell to a seasonally adjusted 19.3 billion euros from 20.4 billion euros in May.

France's foreign trade deficit widened in June , as imports grew faster than exports, according to customs data. The trade deficit in June rose to 6.25 billion euros from 6.02 billion euros in the previous month.

The US dollar fell to a low of 1.2973 on Tuesday, but has since risen to 1.2930.

UK housing prices rose at a faster pace in July, reaching a record high, Halifax and IHS Markit reported . House prices rose 1.4 percent compared with the previous month in July after rising 0.9 percent in June. Economists projected an increase of 0.2 percent in July.

The dollar fell to a low of 110.992 against the Japanese yen on Tuesday morning, but has since grown to about 111.435.

Average household consumption in Japan in June fell by 1, 2 percent to 267,641 yen, the Ministry of Internal Affairs and Communications said. This exceeded expectations of a decline of 1.4 percent after a decrease of 3.9 percent in May.

Japan's leading economic indicators index weakened more than expected in June, as evidenced by preliminary data from the Cabinet Secretariat published on Tuesday. The index of leading indicators, which measures future economic activity, fell from 106.9 in May to 105.2 in June. It was expected that the index will decrease to 105.3.