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The greenback ticked up on Tuesday, while Euro plunged even with the unexpected German figures

06 Dec,2022
The greenback ticked up on Tuesday, while Euro plunged even with the unexpected German figures

The greenback appreciated on Tuesday, resuming its staged rally in the earlier session post solid U.S. services figures.

On the other hand, euro saw a dip even after the release of positive German Industrial Production figures.

The dollar index nudged up by 0.1% at 105.312, post Monday’s gains at 0.7%, the highest since the 21st of November.

EUR/USD dropped 0.1% to 1.0480, carrying on its 0.5% slip at night. In spite of the advance of the German industrial orders that came at 0.8% way beyond the expectations at 0.1%. The September's figures were amended to 2.9% dip instead of the earlier reported 4.0%.

GBP/USD advanced by 0.1% at 1.2194, recovering from Monday’s slump at 0.9%.

USD/JPY tiked up by 0.3% at 137.19.

Investors are awaiting the release of the Chinese trade data tomorrow to measure the economic status during Covid-zero policy.

 

 

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