{"id":6655,"date":"2021-05-11T11:23:23","date_gmt":"2021-05-11T11:23:23","guid":{"rendered":"https:\/\/xtreamforex.com\/?p=6655"},"modified":"2021-05-11T11:23:23","modified_gmt":"2021-05-11T11:23:23","slug":"dollar-up-commodity-currencies-restrict-gains","status":"publish","type":"post","link":"https:\/\/www.xtrememarkets.com\/US\/dollar-up-commodity-currencies-restrict-gains\/","title":{"rendered":"Dollar Up, Commodity Currencies Restrict Gains"},"content":{"rendered":"<h5><span data-preserver-spaces=\"true\">Dollar Up, Commodity Currencies Restrict Gains<\/span><\/h5>\n<p>&nbsp;<\/p>\n<p><span data-preserver-spaces=\"true\">The dollar gains in early European trade Tuesday, however, gains were completed by the strength of commodity currencies on the back of rises in the prices of oil and base metals.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The U.S. Dollar Index traces the greenback against a basket of other currencies crawled down 0.06% to 90.237 by 11:53\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The USD\/JPY pair slightly up 0.10% to 108.89.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The AUD\/USD pair slightly up 0.03% to 0.7833 ahead of Australia\u2019s federal budget, due to be handed down later in the day.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The NZD\/USD pair trimmed down 0.14% to 0.7264.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The USD\/CNY pair inched up 0.18% to 6.4270.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">China\u2019s CPI just dropped expectations, contracting 0.3% monthly but rose 0.9%Yearly. The PPI increased a 6.8% year-on-year.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The GBP\/USD pair edged down 0.01% to 1.4118.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Investors are looking forward to inflation data from the U.S., including core CPI, that will be released on Wednesday. The data will measure the level of inflationary pressure and could accelerate Treasury yields up, possibly it could give the greenback a lift.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Prices for commodities including crude oil, copper, and steel are expected to rise further, increasing concerns about runaway inflation.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u00a0The dollar was trading at $1.2097 against its Canadian counterpart.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">the greenback\u2019s weakest level in more than three years. It was also near a two-week low against the Mexican peso.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Demand for commodities is anticipated to grow continuously because the improved COVID-19 vaccinations could lead to a growing economic viewpoint in more countries.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dollar Up, Commodity Currencies Restrict Gains &nbsp; The dollar gains in early European trade Tuesday, however, gains were completed by the strength of commodity currencies on the back of rises in the prices of oil and base metals. The U.S. Dollar Index traces the greenback against a basket of other currencies crawled down 0.06% to<\/p>\n... <a href=\"https:\/\/www.xtrememarkets.com\/US\/dollar-up-commodity-currencies-restrict-gains\/\">continue reading<\/a>.","protected":false},"author":3,"featured_media":2311,"comment_status":"closed","ping_status":"open","sticky":false,"template":"template_with_sidebar.php","format":"standard","meta":[],"categories":[12,15],"tags":[38,39,142,24,37,55,30,52],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v16.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Dollar Up, Commodity Currencies Restrict Gains |XtreamForex|<\/title>\r\n<meta name=\"description\" content=\"The dollar gains in early European trade Tuesday, however, gains were completed by the strength of commodity currencies.\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.xtrememarkets.com\/US\/dollar-up-commodity-currencies-restrict-gains\/\" \/>\r\n<meta 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