Dollar steadies after key economic data

2021-09-27 18:31:49 GMT (Economies.com)
Dollar steadies after key economic data

The US dollar held against most currencies on Monday, after the release of economic data, as investors continue parse the Federal Reserve's recent statement.

 

Data showed today that the US durable goods orders rose 1.8% in August, beating forecasts of 0.7%.

 

The core durable goods orders reading (excluding food and fuel prices) rose 0.2% last month, missing forecasts of a rise of 0.5%.

 

Evergrande's real estate crisis continues to grow, which faces a disastrous debt default scenario, which could destabilize many economic sectors in China.

 

The US Federal Reserve on Wednesday kept the interest rate between zero and 0.25% unchanged, but projected to raise it 3 times in 2023 and 3 more times in 2024, to reach 1.8% by the end of 2024.

 

The dollar index rose against a basket of major currencies by 0.1% to 93.3 points as of 18:10 GMT, after hitting a high of 93.4 points and a low of 93.2 points.

 
 
 
  Symbol Last Change Chg.%
1.1624
0.0013
0.1141%
1.3750
0.0011
0.0797%
Tadawul
11869.80
23.87
0.20%
24.392
1.078
4.624%
84.332
0.986
1.183%
86.06
0.47
0.55%
1799.835
30.095
1.700%
 
 
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