Investing.com – The greenback has recovered from its sharp fall after disappointing economic data revealed on Thursday, concerns about the strength of the u.s. economy and bolstered the federal Reserve’s decision to keep its rates unchanged in the near future.
The dollar index, which measures the greenback’s strength against a basket of six major currencies, declined to 96.239 after the data, before rebounding to 96.391 10: 30 (15: 30 GMT).
New orders for durable goods, excluding the volatile materials, declined unexpectedly in December, while the activity in the center of the atlantic coast has regained its lowest level since may of 2016, according to a monthly survey by the Philadelphia Fed.
The data support the Fed’s decision to act with patience in the face of rising interest rates, which weigh on growth, according to the report of the meeting of the Fed released on Wednesday.
Meanwhile, traders were also still waiting for the development of trade between the United States and China. The two countries have presented commitments in areas such as intellectual property rights, services, financial barriers and trade barriers for agricultural products.
The dollar was down against the yen and refuge, with USD / JPY down 0.17% to 110,65. Investors typically look for the yen as a safe-haven in times of economic stress or stress on the exchange.
Elsewhere, the euro was down compared to the previous summits, with an increase of 0.01% to 1,1344 of the EUR / USD after the european central Bank (ECB) has stated that the short-term growth would probably be lower than expected, according to the report published on Thursday. Meeting of January.
The pound sterling is unchanged with the GBP / USD to 1,3048.
In Australia, the AUD / USD fell 1% to 0,7086 after the bank Westpac has predicted that the Reserve Bank of Australia lowering its key rates twice in the year 2019, while the NZD / USD has lost 0.6% to 0,6809.