Dollar Turns In Mixed Performance Against Major Rivals

RTTNews | vor 903 Tagen

(RTTNews) - After staying weak till about an hour past noon, the U.S. dollar made some progress up north on Tuesday, but a significant uptick still remained elusive as traders looked for direction.

The U.S. dollar was notably lower in the Asian session on Wednesday, and despite seeing a gradual recovery thereafter, still stayed somewhat sluggish with traders tracking Covid-related news from China, and looking ahead to the crucial jobs data, due later in the week.

Hawkish comments from St. Louis Fed President James Bullard and New York Fed President John Williams helped the dollar's cause a bit. Both Bullard and Williams reiterated their hawkish stance on further rate hikes.

Optimism surrounding China's reopening offset rate-hike fears and weighed on the greenback. China reported a slight dip in new COVID-19 infections and also stepped-up support for the country's property sector.

In U.S. economic news, the Conference Board released a report on Tuesday showing a modest decrease in U.S. consumer confidence in the month of November.

The Conference Board said its consumer confidence index dipped to 100.2 in November from a revised 102.2 in October. Economists had expected the index to slip to 100.0 from the 102.5 originally reported for the previous month.

The modest decrease by the headline index came as the present situation index edged down to 137.4 in November from 138.7 in October.

The dollar index, which dropped to 106.06 in the Asian session, climbed to 106.88, gaining nearly 0.2%.

Against the Euro, the dollar firmed to 1.0327, after having weakened to 1.0396 earlier in the day.

The dollar is up marginally against Pound Sterling at $1.1951.

Against the Japanese currency, the dollar is weak at 138.69 yen, compared with 138.93 yen on Monday.

The dollar is weak against the Aussie at 0.6688, easing from 0.6653.

Against Swiss franc, the dollar has firmed to CHF 0.9535, up nearly 0.5% over the previous close.

The dollar is stronger against the loonie, fetching C$1.3580 a unit, compared with C$1.3469 on Monday.

Bay Street Seen Opening On Mixed Note

Canadian shares are likely to open on a mixed note Wednesday morning. Weak European stocks, concerns about U.S. debt, impasse over peace talks and a lack of progress in trade negotiations may weigh on sentiment. Firm bullion and crude oil prices could trigger buying in resources sectors and limit market's downside.

RTTNews | vor 4Std 33 Minuten

UK Inflation Strongest Since Early 2024 On Household Bills, Employer Tax

UK consumer price inflation accelerated sharply to the highest level in more than a year in April due to higher domestic bills and the hike in employers' taxes, official data revealed on Wednesday. The consumer price index rose by a bigger-than-expected 3.5 percent year-on-year in April, which was faster than the 2.6 percent increase in March, the Office for National Statistics reported.

RTTNews | vor 5Std 23 Minuten

FTSE 100 Down Marginally As Investors Focus On Inflation Data, Earnings

U.K. stocks are marginally down on Wednesday amid concerns over an impasse in Russia-Ukraine peace talks, a lack of progress in trade negotiations, and data showing an acceleration in British consumer price inflation in the month of April. Investors are also reacting to some corporate earnings announcements.

RTTNews | vor 5Std 31 Minuten

CAC 40 Moderately Lower In Cautious Trade

French stocks are under a bit of pressure on Wednesday amid uncertainty about Ukraine-Russia peace talks, and a lack of positive progress on the trade front. The recent downgrade of U.S. sovereign credit rating by Moody's weigh as well on investor sentiment.

RTTNews | vor 6Std 3 Minuten

Sensex, Nifty Snap Three-day Losing Streak

Indian shares eked out modest gains on Wednesday, after having suffered heavy losses in the previous session amid rising geopolitical tensions, growing concerns over U.S. debt and a spike in Covid-19 cases in Southeast Asia.

RTTNews | vor 6Std 10 Minuten

DAX Drifts Lower On Geopolitical Concerns

German stocks are down in negative territory on Wednesday as investors make cautious moves, awaiting fresh news on the trade front. The impasse in Ukraine peace talks and data showing a bigger than expected increase in UK inflation weigh on sentiment.

RTTNews | vor 6Std 32 Minuten

European Shares Drift Lower With Trump's Tax Bill In Focus

European stocks fell from nine-week highs on Wednesday as investors fretted about the lack of progress on trade deal and closely monitored discussions on the U.S. budget bill and federal deficit.

RTTNews | vor 7Std 18 Minuten

Asian Shares Rise In Cautious Trade; Nikkei Drops On Yen Strength

Asian stocks ended mostly higher on Wednesday, with Japanese markets underperforming as the yen continued to strengthen on BoJ rate hike bets and data showed Japan's export growth continued to decelerate for the second consecutive month.

RTTNews | vor 7Std 44 Minuten

EURUSD	1.13406	GBPUSD	1.34446	AUDUSD	0.64627
USDJPY	143.693	USDCAD	1.38233	USDCHF	0.82556

Advertisement

Dollar Turns In Mixed Performance Against Major Rivals