U.S. Dollar Roughly Flat Following Mixed Data
2022年10月19日 - 1:25AM
RTTF2
Following the pullback seen in the previous session, the value
of the U.S. dollar has shown a lack of direction during trading on
Tuesday.
The U.S. dollar index has spent the day bouncing back and forth
across the unchanged line and is currently up just 0.02 points or
less than a tenth of a percent at 112.06.
The greenback is currently trading at 149.23 yen compared to the
149.04 yen it fetched at the close of New York trading on Monday.
Against the euro, the dollar is valued at $0.9858 compared to
yesterday's $0.9841.
The lackluster performance seen over the course of the session
comes as traders react to a mixed batch of U.S. economic data.
The Federal Reserve released a report showing industrial
production increased by more than expected in the month of
September.
The Fed said industrial production rose by 0.4 percent in
September after edging down by a revised 0.1 percent in August.
Economists had expected industrial production to inch up by 0.1
percent compared to the 0.2 percent dip originally reported for the
previous month.
Meanwhile, a separate report from the National Association of
Home Builders showed a continued deterioration in U.S. homebuilder
confidence in the month of October.
The report showed the NAHB/Wells Fargo Housing Market Index
slumped to 38 in October from 46 in September. Economist had
expected the index to dip to 43.
The housing market index declined for the tenth consecutive
month, falling to its lowest reading since August 2012, with the
exception of the onset of the pandemic in the spring of 2020.
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