Forex – dollar advances, pound penalty for the Brexit


© Reuters.

Investing.com – The greenback rose slightly Tuesday, despite u.s. consumer confidence which fell to its lowest level in a year and a half in January.

The confidence of the Conference Board fell to its lowest level since July of 2017, the closure of the government, a drop in the optimism.

The dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.09% to 95,507 to 11.07 (16: 07 GMT).

“The events of shock, such as judgments of government (as in 2013) are generally marked effects, but temporary, and on the confidence of consumers. Thus, it appears that the drop this month is more the result of temporary shocks as a precursor to a significant slowdown in the coming months ” said Lynn Franco, director of economic indicators at the Conference Board.

Investors eagerly await the federal Reserve policy on Wednesday, during which the central bank should adopt a more prudent monetary policy in the face of fears of an economic slowdown within and abroad.

At the same time, the pound fell, the british Parliament to vote on a series of votes on amendments to the Brexit from 14: 00 pm (19h00 GMT).

Britain is on the verge of leaving the european Union on 29 march, but the members of the parliament of the country are still far from accepting a divorce agreement, after the overwhelming rejection of the plan by the Prime minister Teresa last may about the Brexit.

The GBP / USD has lost 0.08% to 1,3149.

Elsewhere, the euro depreciated with EUR / USD down 0.11% to 1,1419.

The australian dollar and new zealand risk-sensitive were mostly lower, with AUD / USD down 0.22% to 0,7148 and the NZD / USD to 0,6831.

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