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Dollar Rises Against Major Counterparts On Safe-haven Appeal
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(RTTNews) - The U.S. dollar gained some ground on Friday on safe-haven appeal as risk sentiment waned amid deepening Sino-U.S. trade tensions, uncertainty about the outcome of the upcoming U.S. presidential election, and rising concerns about the outlook for China's growth.
The dollar index, which climbed to 104.42, was at 104.37 a little while ago, gaining nearly 0.2%.
Against the Euro, the dollar gained marginally at 1.0884, and firmed to 1.2910 against Pound Sterling. The dollar advanced against the Japanese currency, fetching 17.49 yen a unit.
Against the Aussie, the dollar strengthened to 0.6684. The Swiss franc edged down slightly to 0.8889 a unit of the U.S. currency, while the Loonie eased to 1.3734 against the greenback.
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Asian Markets Trade Mostly Higher
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Indian shares may open on a weak note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect on Wednesday.
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Swiss Market Settles Modestly Higher
The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters.
The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.
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Japanese Market Notably Higher
The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.
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Thai Bourse May Halt Losing Streak On Thursday
The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.
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Australian Market Slightly Lower
The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
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Indonesia Shares Tipped To Open In The Green
The Indonesia stock market has moved higher in two of three trading days since the end of the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,935-point plateau and it may add to its winnings on Thursday.
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Hong Kong Shares Poised To End Two-Day Slide
The Hong Kong stock market has finished lower in consecutive trading days, tumbling almost 630 points or 2.5 percent along the way. The Hang Seng Index now rests just above the 25,200-point plateau although it may find traction on Thursday.
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