The U.S. dollar edged up on Friday in Asia even after a set of weak U.S. data released overnight. The Aussie Dollar was little changed after sliding to a 10-day low yesterday.<\/p>\n
The\u00a0<\/span>U.S. dollar index<\/a><\/span>\u00a0<\/span>traded 0.1% higher to 96.500 by 12:10 AM ET (05:10 GMT) despite a slew of negative U.S. economic reports pointing to signs of slowing growth in the underlying economy.<\/p>\n The Philadelphia Fed said Thursday its\u00a0<\/span>manufacturing index<\/a><\/span>\u00a0<\/span>fell to a reading of -4.1 in February from 17.0 last month.<\/p>\n The Commerce Department said\u00a0<\/span>core durable goods orders<\/a><\/span>\u00a0<\/span>slowed to a rate of 0.1% in December, missing economists forecasts for a 0.2% rise.<\/p>\n The National Association of Realtors said\u00a0<\/span>existing home sales<\/a><\/span>\u00a0<\/span>fell 1.2% in January from the prior month to a seasonally adjusted annual rate of 4.94 million units. Economists were expecting a 0.8% increase to 5.01 million homes.<\/p>\n Meanwhile, the\u00a0<\/span>AUD\/USD<\/a><\/span>\u00a0<\/span>pair was little changed on Friday after sliding more than 1% to a 10-day low the previous day on fears a ban on the country’s coal by a Chinese port would hurt Australia’s already slowing economy.<\/p>\n Reports that Westpac dropped a changed forecast for its Reserve Bank of Australia policy outlook were also cited as a headwind for the Aussie dollar.<\/p>\n The bank said it now expects two rate cuts from the RBA, the first in August 2019 to be followed with another in November 2019.<\/p>\n The\u00a0<\/span>GBP\/USD<\/a><\/span>\u00a0<\/span>pair traded 0.2% lower amid a lack of progress on Brexit talks just weeks ahead of the March 29 deadline when the U.K. is set to leave the EU.<\/p>\n The\u00a0<\/span>EUR\/USD<\/a><\/span>\u00a0<\/span>pair was unchanged at 1.1334.<\/p>\n The\u00a0<\/span>USD\/JPY<\/a><\/span>\u00a0<\/span>pair was up 0.1% at 110.75, while the\u00a0<\/span>USD\/CNY<\/a><\/span>\u00a0<\/span>pair also rose 0.1% at 6.7283.<\/p>\n Sino-U.S. trade talks remained in focus after Reuters reported on Thursday that Washington and Beijing have begun drawing up memorandums of understanding over trade.<\/p>\n The two sides are trying to reach a trade deal before a March 1 deadline, when additional tariffs on Chinese imports to the U.S. will go into effect.<\/p>\n","protected":false},"excerpt":{"rendered":" The U.S. dollar edged up on Friday in Asia even after a set of weak U.S. data released overnight. The Aussie Dollar was little changed after sliding to a 10-day low yesterday. The\u00a0U.S. dollar index\u00a0traded 0.1% higher to 96.500 by 12:10 AM ET (05:10 GMT) despite a slew of negative Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[9,10,1],"tags":[],"class_list":["post-1256","post","type-post","status-publish","format-standard","hentry","category-homepage","category-latest-news","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/comments?post=1256"}],"version-history":[{"count":1,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1256\/revisions"}],"predecessor-version":[{"id":1257,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1256\/revisions\/1257"}],"wp:attachment":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/media?parent=1256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/categories?post=1256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/tags?post=1256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}