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The US dollar stabilizes globally ahead of the release of economic data
29 August 2019 10:49 AM
29 August 2019 10:49 AM
Direct : The US dollar held steady against major currencies on Thursday, in anticipation of the release of economic data.
By 7:35 am GMT, the dollar was steady against the euro at $ 1.1080, while the yen was down 0.07 percent at 106.05 yen.
The greenback was up 0.2 percent at $ 1.2190 against the pound and was steady against the Swiss franc at 0.9816 francs.
During that period, the dollar index, which measures the currency's performance against six major currencies, was steady at 98.225.
The stability of the dollar's performance comes as trading away from risky assets and the global political and trade situation are unclear.
US Treasury Secretary Stephen Mnuchin said yesterday that the United States does not intend to intervene in the currency market in order to weaken the dollar at the moment.
He added: "Attitudes may change in the future, but now we do not think of intervention."
On trade developments, Mnuchin stressed that US trade officials are expecting Chinese officials to visit the United States, but will not announce whether the meeting is planned for September.
Later in the day, the US was to release data on economic growth, trade balance, jobless claims and existing home sales.
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