Dollar Recovers After Falling To One-month Low

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(RTTNews) - The U.S. dollar recovered after falling to a one-month low on Friday as traders assessed the latest policy moves by central banks, and reacted to a slew of economic data from across the globe.

In U.S. economic news today, a report from the University of Michigan showed a bigger than expected improvement in U.S. consumer sentiment in the month of June.

The report said the University of Michigan's consumer sentiment index climbed to 63.9 in June from 59.2 in May. Economists had expected in the index to inch up to 60.0.

The report also showed a significant decrease in year-ahead inflation expectations, which tumbled to 3.3% in June from 4.2% in May, hitting the lowest level since March 2021.

Five-year inflation expectations edged down to 3% in June from 3.1% in May, again staying within the narrow 2.9-3.1% range for 22 of the last 23 months.

The decrease in inflation expectations may add to recent investor optimism that the Federal Reserve won't follow through on its plan to continue raising interest rates.

The dollar index, which fell to 102.01, climbed to 102.43 after data showed a stronger than expected improvment in U.S. consumer sentiment in the month of June. The index is currently at 102.34, gaining about 0.22%.

Against the Euro, the dollar is up at 1.0938, and is weak against Pound Sterling at 1.2822.

Against the Japanese currency, the dollar is trading at 141.90 yen, firming from 140.27 yen. The dollar is little changed against the Aussie at 0.6877, and is firm against Swiss franc, fetching CHF 0.8941 a unit. Against the Loonie, the dollar has weakened to C$1.3201.

Singapore Bourse May Give Up Support At 4,200 Points

The Singapore stock market has finished lower in two straight sessions, slipping more than 25 points or 0.6 percent along the way. The Straits Times Index now sits just above the 4,230-point plateau and it may extend its losses on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | il y a 23 minutes

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in five straight sessions, collecting more than 35 points or 2.4 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,560-point plateau although it's due for consolidation on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | il y a 53 minutes

Win Streak May End For Japan Stock Market

Ahead of Monday's holiday for Mountain Day, the Japan stock market had moved higher in four consecutive sessions, advancing more than 1,580 points or 3.8 percent along the way. The Nikkei 225 now sits just above the 41,820-point plateau although investors are likely to lock in gains on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red. The Nikkei finished sharply higher on Friday with gains cross the board, especially among the finance, automobile and technology sectors. For the day, the index surged 761.38 points or 1.85 percent to finish at 41,820.48 after trading between 41,248.05 and 42,033.92. Among the actives, Nissan Motor accelerated 2.75 percent, while Mazda Motor spiked 4.91 percent, Toyota Motor jumped 3.47 percent, Honda Motor rallied 3.95 percent, Softbank Group skyrocketed 10.39 percent, Mitsubishi UFJ Financial collected 0.64 percent, Mizuho Financial advanced 1.02 percent, Sumitomo Mitsui Financial added 0.71 percent, Mitsubishi Electric fell 0.28 percent, Sony Group soared 3.50 percent, Panasonic Holdings climbed 1.16 percent and Hitachi rose 0.50 percent. The lead from Wall Street is negative as the major averages opened mixed on Monday, rallied midday but then slumped in the afternoon and finished under water.

RTTNews | il y a 1h 8min

Continued Consolidation Called For South Korea Shares

The South Korea stock market has finished lower in back-to-back sessions, sinking more than 20 points or 0.6 percent along the way. The KOSPI now sits just above the 3,200-point plateau and it may take further damage again on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | il y a 1h 23min

Australia Interest Rate Decision On Tap For Tuesday

The Reserve Bank of Australia will wrap up its monetary policy meeting this morning and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is expected lower its benchmark lending rate by 25 basis points, to 3.60 percent from 3.85 percent.

RTTNews | il y a 2h 23min

U.S. Dollar Firms Against Majors

The U.S. dollar strengthened against its major counterparts in the New York session on Monday.

RTTNews | il y a 3h 46min

Swiss Market Fails To Hold Early Gains, Ends Just Slightly Up

Despite opening on a firm note, the Switzerland market paring gains and even slipped into negative territory in late afternoon trades on Monday, but managed to end the day's session slightly up.

RTTNews | il y a 6h 39min

European Stocks Close On Mixed Note After Cautious Session

European stocks turned in a mixed performance on Monday after a cautious session as investors looked ahead to upcoming talks between the U.S. and Russia on the Ukraine war issue, and the ongoing tariff negotiations between the U.S. and China, as well as some crucial economic data, including a report on consumer price inflation in the world's largest economy.

RTTNews | il y a 7h 3min

EURUSD	1.16139	GBPUSD	1.34311	AUDUSD	0.6519
USDJPY	148.351	USDCAD	1.37763	USDCHF	0.81201