Dollar Rises; Euro Falls on ECB Bank Lending Survey
The dollar broke its previous five-day losing streak after better-than-expected manufacturer survey data. The euro fell after a bank lending survey showed tightening standards for private investment.
The Bloomberg Dollar Spot Index rose 0.2%, reversing a five-day losing streak.
Data from the Empire Manufacturing survey showed sentiment being less negative than expected.
The March Import Price Index also rose less than economists expected, tipping into negative territory at -0.1%.
EUR/USD fell 0.5% to 1.1297.
The European Central Bank’s quarterly bank lending survey showed a weaker appetite for private investment.
GBP/USD rose 0.3% to 1.3236, set for longest winning streak since July.
AUD/USD gained 0.5% to 0.6360, paring a 0.9% advance.
Australia’s central bank expressed caution over future interest-rate cuts, saying May would be an “opportune time” to revisit policy settings, according to minutes of its April meeting.
USD/JPY traded little changed at 142.99.
Japan Finance Minister Katsunobu Kato said he believes Japan and the US share views that FX rates should be determined by the market, and that disorderly currency movements could harm economy.
Source: Bloomberg
