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.

European Economic News Preview: UK GDP & Foreign Trade Data Due

First quarterly GDP estimates and foreign trade from the UK and flash GDP and employment from the euro area are the major reports due on Thursday. At 2.00 am ET, the Office for National Statistics publishes UK GDP, industrial output and foreign trade figures. The economy is expected to remain flat on month in March after expanding 0.5 percent in February.

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Australian Market Turns To Modest Gains In Mid-market

The Australian market is turning its early losses to modest gains in mid-market on Thursday, after being in the red most of the morning session, extending the gains in the previous six sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,300 level, with gains in financial and technology stocks nearly offset by weakness in mining stocks.

RTTNews | 1घंटे 31 मिनट पहले

Indian Market Likely To Open On Cautious Note

Subdued GIFT Nifty, weak Asian stocks and the overnight mixed close on Wall Street point to a slightly negative start for Indian shares Thursday morning. Investors are likely to react to a slew of quarterly earnings announcements.

RTTNews | 1घंटे 38 मिनट पहले

Asian Markets Mixed Amid Cautious Trades

Asian stock markets are trading mixed on Thursday, following the mixed cues from Wall Street overnight, as traders remain cautious amid continued uncertainty surrounding US President Donald Trump's trade policies, despite reaching trade deals between the U.S. and China as well as the U.S. and the U.K. Asian Markets closed mostly higher on Wednesday.

RTTNews | 1घंटे 42 मिनट पहले

Mild Upside Seen For Thai Stock Market

The Thai stock market has alternated between positive and negative finishes through the last six trading days since the end of the five-day winning streak in which it had advanced more than 50 points or 4.3 percent. The Stock Exchange of Thailand now sits just above the 1,215-point plateau and it's poised to inch higher again on Thursday.

RTTNews | 2घंटे 57 मिनट पहले

Japanese Market Significantly Lower

The Japanese market is trading significantly lower on Thursday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 37,800 level, with weakness across most sectors led by index heavyweights, automakers and technology stocks.

RTTNews | 3घंटे 18 मिनट पहले

Indonesia Bourse May Test Resistance At 7,000 Points

The Indonesia stock market has finished higher in two straight sessions, improving more than 150 points or 2.2 percent in that span. The Jakarta Composite Index now rests just beneath the 6,980-point plateau although investors may lock in gains on Thursday.

RTTNews | 3घंटे 27 मिनट पहले

Oversold Hang Seng Nonetheless Called Higher Again

The Hong Kong stock market bounced higher again on Wednesday, one day after snapping the eight-day winning streak in which it had surged almost 1,600 points or 7.1 percent. The Hang Seng Index now sits just above the 23,640-point plateau although it may tick higher again on Thursday.

RTTNews | 3घंटे 42 मिनट पहले

EURUSD	1.1194	GBPUSD	1.32752	AUDUSD	0.64318
USDJPY	146.053	USDCAD	1.39694	USDCHF	0.8402

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Dollar Recovers After Falling To One-month Low