Forex – dollar remains moderately lower vs. other majors by investing.com usd to sek

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Investing.com – The dollar remained moderately lower against the other major currencies on Tuesday, as trading was expected to remain quiet with no major U.S. data expected throughout the day, although Friday’s strong U.S. jobs report still lent some support.

The greenback continued te be supported by Friday’s strong nonfarm payrolls data, which fueled expectations the Federal Reserve will stick to its plans for a third interest rate hike this year.

Investors were now eyeing U.S. inflation reports later in the week for indications of whether the recovery in the dollar is sustainable in the longer term.

EUR/USD added 0.13% to 1.1811 but gains were expected to remain limited after data showed that German exports fell by 2.8% in June, snapping five months of gains stock market futures cnn money. It was the biggest drop since August 2015.


German imports dropped by 4.5%, the largest decline since January 2009 usd eur rate. That drove Germany’s trade surplus up to €21.1 billion, from €20.3 billion in May, a 10-month high.

Separately, official data showed that China’s exports increased by 7.2% in July and imports climbed 11.0% usa today games. Both readings were slightly below analysts’s projections

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.13% at 93.18, still close to Friday’s one-week high of 93.64.

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