empty
 
 

2014.07.0823:14:57UTC+00Euro, pound rebound vs US dollar

The euro and pound reversed earlier losses versus the US dollar to close slightly changed Tuesday, as investors stayed cautious of purchasing the greenback given its incapacity to reflect a sustainable surge.

The ICE dollar index, gauging the US currency versus a basket of its counterparts, ended the day down slightly at 80.176 from Monday’s 80.227.

The sterling concluded at $1.7132 Tuesday, compared with Monday’s $1.7134.

The pound tumbled earlier following manufacturing output dropped 1.3% in May, said the Office of National Statistics. This logged the first plunge since November last year and the largest dive since January 2013.

Weaker than anticipated trade figures from Germany added to evidence of deceleration in Europe’s biggest economy, causing the euro to shortly slip. It closed the day at $1.3612, up from Monday’s $1.3607. 

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback