Dollar Gains Against Major Rivals, Climbs To Fresh Near 2-decade High

RTTNews | vor 1067 Tagen
Dollar Gains Against Major Rivals, Climbs To Fresh Near 2-decade High

(RTTNews) - The U.S. dollar climbed higher against its major rivals on Monday, with investors looking ahead to the crucial inflation data due later in the week, and betting on hopes the Federal Reserve will continue with its policy tightening moves.

Worries about growth and fresh curbs in Shanghai to halt the spread of Covid-19 infections contributed as well to the increased demand for the safe-haven currency.

Russia's decision to turn off Nord Stream 1, the biggest single pipeline carrying Russian gas to Germany, has raised energy crisis. Flows are expected to stop for 10 days, but it is feared that the shutdown might be extended due to war in Ukraine.

The dollar index surged to a fresh near two-decade high to 108.27, gaining about 1.2%.

Against the Euro, the dollar has firmed to $1.0043, gaining nearly 1.5%.

The dollar is trading at $1.1896 against Pound Sterling, strengthening from $1.2035.

Against the Japanese currency, the dollar is stronger, fetching 137.43 yen a unit, compared with 136.10 yen on Friday.

The dollar has firmed to 0.6736 against the Aussie, gaining from 0.6862.

Against Swiss franc, the dollar is stronger at CHF 0.9834, climbing up from CHF 0.9766.

The Loonie is trading at 1.3003 against the dollar, strengthening from 1.2941.

read more
U.S. Dollar Weakens After Soft PPI Data

U.S. Dollar Weakens After Soft PPI Data

The U.S. dollar dropped against its major counterparts in the New York session on Thursday, as soft producer inflation data for May raised hopes of a rate cut by the Federal Reserve.
RTTNews | vor 1Std 6 Minuten
Canadian Market Up Slightly In Cautious Trade

Canadian Market Up Slightly In Cautious Trade

After a flat start and a subsequent drop, the Canadian market moved into positive territory Thursday morning, led by gains in materials and communications sectors. The mood remains cautious amid uncertainty about U.S.-China trade deal and easing prospects of he European Union arriving at a pact with the U.S. before the July 8 deadline. Middle East tensions also weigh on sentiment.
RTTNews | vor 2Std 50 Minuten
U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May. The Labor Department said its producer price index for final demand inched up by 0.1 percent after slipping by a revised 0.2 percent in April.
RTTNews | vor 5Std 38 Minuten
U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th. The report said initial jobless claims in at 248,000, unchanged from the previous week's revised level. Economists had expected jobless claims to dip to 240,000 from the 247,000 originally reported for the previous week.
RTTNews | vor 5Std 41 Minuten
Bay Street Likely To Open On Negative Note

Bay Street Likely To Open On Negative Note

Canadian shares are likely to open with a negative bias on Thursday as trade concerns, and Middle East tensions may weigh on sentiment. A lack of specifics in the framework agreed to by U.S. and Chinese officials on Tuesday has raised uncertainty about the two nations reaching an agreement anytime soon.
RTTNews | vor 6Std 24 Minuten
U.S. Producer Prices Inch Up Less Than Expected In May

U.S. Producer Prices Inch Up Less Than Expected In May

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May.
RTTNews | vor 6Std 51 Minuten
Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Co. shares are currently down around 8 percent in the pre-market activity on the NYSE after an Air India aircraft headed to London with 242 people onboard crashed immediately after take-off in the Indian city of Ahmedabad. The plane, a Boeing 787-8 Dreamliner headed to Gatwick Airport in the UK, crashed in a civilian area near the Sardar Vallabhbhai Patel International Airport.
RTTNews | vor 7Std 9 Minuten