{"id":12165,"date":"2021-07-23T21:14:29","date_gmt":"2021-07-23T21:14:29","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2021\/07\/23\/dollar-stays-firm\/"},"modified":"2021-07-23T21:14:29","modified_gmt":"2021-07-23T21:14:29","slug":"dollar-stays-firm","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2021\/07\/23\/dollar-stays-firm\/","title":{"rendered":"Dollar Stays Firm"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> The U.S. dollar stayed firm against most of its major rivals on Friday, extending recent gains, as traders looked ahead to the upcoming monetary policy meeting of the Federal Reserve.<\/p>\n<p>The dollar index, which dropped to around 92.85 after advancing to 93.02, recovered subsequently and was last seen at 92.91, up nearly 0.1% from Thursday&#8217;s close.<\/p>\n<p>Against the Euro, the dollar firmed to 1.1756 before paring gains and easing to 1.1770, just a bit up from the previous close. According to a survey, eurozone <span class=\"landLinks\">business<\/span> activity expanded at its fastest monthly pace in over two decades in July as an easing of containment measures gave a boost to services.<\/p>\n<p>The Pound Sterling weakened against the dollar, fetching $1.3746 a unit, compared to $1.3768 on Thursday. U.K. consumer sentiment strengthened more-than-expected in July, with the index rising to -7 in the month from -9 in June. The expected reading was -8.<\/p>\n<p>The IHS Markit\/CIPS U.K. flash composite PMI dropped to 57.7 in July from 62.2 in June, its lowest since March and a sharper fall than most economists had expected.<\/p>\n<p>The dollar gained against the yen, rising to 110.55 yen from 110.15.<\/p>\n<p>Against the Aussie, the dollar advanced to 0.7363, gaining about 0.22%. The services sector in Australia fell hard into contraction territory in July, the latest survey from Markit Economics revealed on Friday with a 14-month low services PMI score of 44.2. That&#8217;s down sharply from 56.8 in June <\/p>\n<p>The Swiss franc was slightly weak at 0.9196 a dollar, easing from 0.9190.<\/p>\n<p>The Loonie, at 1.2568 a dollar was down slightly from 1.2563. A preliminary estimate from Statistics Canada that says retail sales in the country are set to grow 4.4% in June as COVID-19 restrictions eased, support sentiment. Meanwhile, in May retail sales were down 2.1% month-on-month in May, less than market forecasts of a 3% decline. <\/p>\n<\/p>\n<p>Business News<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>Dollar Stays Firm<\/a><br \/>\n<br \/>2021-07-23 21:14:29<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. dollar stayed firm against most of its major rivals on Friday, extending recent gains, as traders looked ahead to the upcoming monetary policy meeting of the Federal Reserve&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":12166,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1585504256855-6718f7a693ae?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=934&q=80","fifu_image_alt":"","footnotes":""},"categories":[28],"tags":[],"class_list":["post-12165","post","type-post","status-publish","format-standard","has-post-thumbnail","category-us-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=12165"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/12165\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/12166"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=12165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=12165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=12165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}