Dollar Turns In Subdued Performance After Inflation Data

RTTNews | Před 670 dny

(RTTNews) - The U.S. dollar was subdued against most of its major counterparts on Wednesday after inflation data came in line with expectations.

Data from the Labor Department showed the consumer price index climbed by 0.6% in August after inching up by 0.2% in July. The price growth matched expectations.

Excluding food and energy prices, core consumer prices rose by 0.3% in August after edging up by 0.2% in July. Economists had expected another 0.2% uptick.

The Labor Department also said the annual rate of consumer price growth accelerated to 3.7% in August from 3.2% in July. The annual rate of growth was expected to accelerate to 3.6%.

Meanwhile, the report said the annual rate of growth by core consumer prices slowed to 4.3% in August from 4.7% in July, in line with economist estimates.

The data has reinforced expectations the Federal Reserve will leave interest rates unchanged next week. However, many economists feel the slightly bigger than expected monthly increase in core prices leaves the door open for another rate hike.

The dollar index, which rose to 104.97, dropped to around 104.55 but recovered to 104.76, recording a marginal gain.

Against the Euro, the dollar firmed to 1.0732 from 1.0756. Against Pound Sterling, the dollar gained marginally at 1.2490.

The dollar is up against the Japanese currency, fetching 147.45 yen a unit. Against the Aussie, the dollar edged up marginally at 0.4621.

Against Swiss franc, the dollar is gaining more than 2% at C$ 0.8933, while it is down marginally against the U.S. franc, at $1.3554.

Mild Support Expected For Malaysia Stock Market

The Malaysia stock market has finished higher in two of three trading days since the end of the three-day losing streak in which it had slipped more than 20 points or 1.3 percent. The Kuala Lumpur Composite Index now sits just above the 1,535-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets offers little clarity as traders figure to wait and see what transpires over trade and tariff talks. The European markets were down and the U.S. bourses were slightly higher and the Asian markets figure to split the difference.

RTTNews | Před 33 minutami

Japan Stock Market Poised To Snap Losing Streak

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RTTNews | Před 48 minutami

Additional Upside Seen For South Korea Stock Market

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RTTNews | Před 1 h 3 min

China GDP Data Due On Tuesday

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Canadian Dollar Strengthens Amid Risk Appetite

The Canadian dollar advanced against its most major counterparts in the New York session on Monday, as investors shrugged off tariff threats from President Donald Trump over the weekend.

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Swiss Market Settles Slightly Up After Lackluster Session

The Switzerland market, which remained in the red save for a brief while at the fag end of the day's session, settled with a small gain on Monday. The mood in the market was very cautious as trade war fears escalated after U.S. President Donald Trump announced over the weekend that he would impose a 30% tariff on EU imports from August 1.

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European Stocks Close Mostly Lower

Despite staging a recovery in late afternoon trades, European markets mostly ended on a weak note on Monday as worries about global trade escalated after U.S. President Donald Trump announced over the weekend that he would levy a 50% tariff on EU imports from August 1.

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Bay Street Likely To Open On Mixed Note

Canadian shares may open on a mixed note Monday morning, tracking a weak lead from European markets and firm commodity prices. The mood is likely to be cautious as investors await Canadian inflation data for the month of June on Tuesday.

RTTNews | Před 11 h 45 min

EURUSD	1.16691	GBPUSD	1.34335	AUDUSD	0.65498
USDJPY	147.73	USDCAD	1.37018	USDCHF	0.7974

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Dollar Turns In Subdued Performance After Inflation Data