please contact sales@tanchin.hk for any inquiry
The dollar rose on Tuesday, rebounding from a nearly three-month low hit on the previous trading day, when it fell in anticipation of a pause in the U.S. interest rate hike cycle. Investors are concerned about the risk of a recession in the euro zone as the data show more signs of slowdown.
German industrial output fell unexpectedly for the third consecutive month, depressing the euro. The euro fell slightly, but highlighted concerns about a slowdown and the cautious attitude of the European Central Bank in withdrawing its stimulus to the region's economy.
German exporters are struggling to cope with trade disputes triggered by weakening global demand and President Trump's policy.
In afternoon trading, EUR = fell 0.3% to $1.1441. Since mid-November, the euro/dollar has been trading in a narrow range of $1.12- $1.15.
The Euro weakened to support the dollar, which rose 0.3% to 95.908 against a basket of currencies.
However, the dollar index has fallen by about 2% since mid-December, still close to the three-month low of 95.638 hit on Monday.
Despite Tuesday's rebound, the outlook for the dollar remains bleak.


please contact sales@tanchin.hk for any inquiry
PREVIOUS:Bearing side cover packing Improvement        

N305-E-TVP2 N248-E-M1 N240-E-M1 N238-E-M1 N236-E-M1 N234-E-M1 N232-E-M1 N230-E-M1 N228-E-M1 N226-E-TVP2 N224-E-TVP2 N222-E-TVP2 N221-E-M1 N220-E-TVP2 N219-E-TVP2 N218-E-TVP2 N217-E-TVP2 N216-E-TVP2 N215-E-TVP2 N214-E-TVP2