Dollar Rises Against Major Counterparts On Safe Haven Appeal

RTTNews | hace 823
Dollar Rises Against Major Counterparts On Safe Haven Appeal

(RTTNews) - The U.S. dollar firmed against its major counterparts on Friday amid concerns about inflation and on Fed Chair Jerome Powell's congressional testimony that signaled more interest rate hikes from the U.S. central bank.

Weak business activity data from several countries curbed risk sentiment and prompted investors to seek the safe-haven dollar.

The dollar index climbed to 103.17 in the Asian session, and despite easing to 102.88, remains firm with a gain of nearly 0.5%.

Against the Euro, the dollar strengthened to 1.0897, and against Pound Sterling, it firmed to 1.2717, gaining about 0.25%.

The dollar has gained nearly 0.5% against the Japanese currency, fetching 143.75 yen a unit. Against the Aussie, the dollar has strengthened to 0.6678 from 0.6756.

The dollar is strong against Swiss franc at CHF 0.8969, and against the Loonie, has strengthened to C$ 1.3187 from C$ 1.3151.

read more
European Shares Set To Follow Wall Street Lower

European Shares Set To Follow Wall Street Lower

European stocks may drift lower at open on Wednesday after U.S. stock markets retreated from record highs overnight on apprehensions about the outlook for interest-rate cuts.
RTTNews | hace 4h 37min
Japan Private Sector Growth Weakest In 4 Months

Japan Private Sector Growth Weakest In 4 Months

Japan's private sector grew at the slowest pace in four months in September as the strong rise in services activity was partially offset by a steeper fall in manufacturing production, flash survey data published by S&P Global showed on Wednesday. The flash composite output index fell to 51.1 in September from a six-month high of 52.0 in August.
RTTNews | hace 5h 7min
Sensex, Nifty Extend Losses For Fourth Day

Sensex, Nifty Extend Losses For Fourth Day

Indian shares opened on a sluggish note on Wednesday after U.S. President Donald Trump accused India and China of being the primary funders of Russia's war in Ukraine through their continued purchase of Russian oil.
RTTNews | hace 5h 23min
Australian Market Doubles Early Losses In Mid-market

Australian Market Doubles Early Losses In Mid-market

The Australian stock market is doubling its early losses in mid-market moves on Wednesday, snapping a three-session winning streak, with the benchmark S&P/ASX 200 falling below the 8,800 level, following the broadly negative cues from Wall Street overnight, with weakness in gold miners, financial and technology stocks partially offset by gains in iron ore miners and energy stocks.
RTTNews | hace 6h 51min