Dollar Gains Against Major Rivals, Climbs To Fresh Near 2-decade High

RTTNews | 1061天前
Dollar Gains Against Major Rivals, Climbs To Fresh Near 2-decade High

(RTTNews) - The U.S. dollar climbed higher against its major rivals on Monday, with investors looking ahead to the crucial inflation data due later in the week, and betting on hopes the Federal Reserve will continue with its policy tightening moves.

Worries about growth and fresh curbs in Shanghai to halt the spread of Covid-19 infections contributed as well to the increased demand for the safe-haven currency.

Russia's decision to turn off Nord Stream 1, the biggest single pipeline carrying Russian gas to Germany, has raised energy crisis. Flows are expected to stop for 10 days, but it is feared that the shutdown might be extended due to war in Ukraine.

The dollar index surged to a fresh near two-decade high to 108.27, gaining about 1.2%.

Against the Euro, the dollar has firmed to $1.0043, gaining nearly 1.5%.

The dollar is trading at $1.1896 against Pound Sterling, strengthening from $1.2035.

Against the Japanese currency, the dollar is stronger, fetching 137.43 yen a unit, compared with 136.10 yen on Friday.

The dollar has firmed to 0.6736 against the Aussie, gaining from 0.6862.

Against Swiss franc, the dollar is stronger at CHF 0.9834, climbing up from CHF 0.9766.

The Loonie is trading at 1.3003 against the dollar, strengthening from 1.2941.

read more
U.S. Dollar Higher After Strong Jobs Data

U.S. Dollar Higher After Strong Jobs Data

The U.S. dollar firmed against its major counterparts in the New York session on Friday, following the release of better-than-expected nonfarm payrolls report for May.
RTTNews | 20小時56分鐘前
Swiss Market Ends Modestly Higher

Swiss Market Ends Modestly Higher

After a flat start and a subsequent modest upmove, the Switzerland market turned subdued and fell into negative territory by noon on Friday, but recovered gradually to finally end the day's session on a positive note.
RTTNews | 22小時28分鐘前
European Markets Close Higher

European Markets Close Higher

The major European markets closed slightly higher on Friday, supported by data showing stronger-than-expected jobs growth in the U.S., and an upward revision in eurozone first-quarter GDP. Weak industrial production data from Germany and France, and persisting concerns about U.S. tariffs limited markets' upside.
RTTNews | 22小時54分鐘前
CPSC Recalls: 3.8 Mln Dumbbells, 1.7 Mln Air Conditioners, Golf Cars, CO Detectors, Casters, E-Bikes

CPSC Recalls: 3.8 Mln Dumbbells, 1.7 Mln Air Conditioners, Golf Cars, CO Detectors, Casters, E-Bikes

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 3.8 million units of dumbbells by Johnson Health Tech Trading, 1.7 million air conditioners by Midea America Corp., around 352 thousand units of Yamaha golf cars including previously recalled ones, and around 50 thousand units of Apollo America's Combination Smoke and Carbon Monoxide or CO Detectors.
RTTNews | 23小時31分鐘前
TSX Pares Some Gains After Hitting Fresh Record High

TSX Pares Some Gains After Hitting Fresh Record High

Canadian stocks are up in positive territory in late morning trade on Friday, amid slightly easing concerns about tariffs following somewhat encouraging phone calls between the U.S. President Donald Trump and Chinese Premier Xi. Investors are also digesting the nation's jobs data, as well the non-farm payrolls data from the U.S.
RTTNews | 1天前
U.S. Job Growth Slightly Exceeds Estimates In May

U.S. Job Growth Slightly Exceeds Estimates In May

Employment in the U.S. increased by slightly more than expected in the month of May, according to a report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 139,000 jobs in May after jumping by a downwardly revised 147,000 jobs in April.
RTTNews | 1天前