The US dollar rose against most currencies despite the US weak economic reports. Investors took a wait and see attitude ahead of the Federal Reserve System forthcoming meeting results.
The EUR/USD pair decreased amid the August US retail sales positive data. In addition, the Zew report put pressure on the euro to which the German economic confidence index weakened sharply in September having reached the 10-month low. The business sector sentiment index fell to 12.1 points in September compared to 25.0 points in August. However the euro slightly increased by the end of the trades.
The GBP/USD had decreased amid the US two year Treasury bond yields increase. In addition, the UK inflation report was in the center of attention having shown the August consumer price index growth by 0.2 %, still they were unchanged compared with the previous year. The last change coincided with the experts’ forecasts. Nevertheless, the pair pound/dollar sharply grew.
By the end of the day the pair USD/JPY increased amid the bullish sentiment in the Japanese and the US stock markets.Publication source