Dollar Continues To Stay Firm

RTTNews | 999 일 전
Dollar Continues To Stay Firm

(RTTNews) - The U.S. dollar firmed against most of its major counterparts on Friday after staying a bit sluggish for much of the day's session.

The Federal Reserve's hawkish tone earlier this week continued to push up the demand for the currency.

Data showing a contraction in U.S. business activity in the month of December weighed on dollar earlier in the session, but the currency slowly edged its way up to eventually settle fairly well above the flat line.

Comments from New York Fed President John Williams that the central bank might raise interest rates more than it currently expects next year, contributed a bit to the dollar's surge.

The dollar index settled at 104.84, gaining 0.26% in the session

Against the euro, the dollar firmed to 1.0587.

The dollar strengthened to 1.2141 against Pound Sterling, gaining about 0.3%.

Against the Japanese currency, the dollar gave up some ground, and settled at 136.70 yen, nearly 0.8% down from the previous close.

The dollar strengthened to 0.6685 against the Aussie, and was stronger against the Swiss franc as well, fetching CHF 0.9342 a unit. Against the Loonie, the dollar firmed to C$1.3726, gaining more than 0.5%.

read more
Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

After a brief spell in positive territory early on in the session on Wednesday, the Switzerland market turned a bit easy and moved along the flat line till around mid afternoon before losing ground to eventually close on a negative note.
RTTNews | 4 시간 50 분 전
European Stocks Close On Mixed Note

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Wednesday as investors digested data showing a modest drop in U.S. producer prices in the month of August, and continued to assess the developments on the trade front. Some of the major markets started off on a firm note, but failed to sustain at higher levels.
RTTNews | 5 시간 19 분 전
U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

U.S. Wholesale Inventories Inch Up 0.1% In July, Slightly Less Than Expected

Wholesale inventories in the U.S. increased slightly less than expected in the month of July, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories crept up by 0.1 percent in July after rising by an upwardly revised 0.2 percent in June.
RTTNews | 8 시간 33 분 전
U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

U.S. Producer Prices Unexpectedly Edge Slightly Lower In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by U.S. producer prices in month of August. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after climbing by a downwardly revised 0.7 percent in July.
RTTNews | 8 시간 54 분 전
U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

U.S. Producer Prices Unexpectedly Edge Down 0.1% In August

Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.
RTTNews | 10 시간 14 분 전
Bay Street Seen Opening Higher

Bay Street Seen Opening Higher

Canadian stocks are likely to open higher on Wednesday, tracking firm oil and metal prices. The mood may change a bit cautious at higher levels with investors looking ahead to the crucial U.S. inflation data, due later in the week.
RTTNews | 10 시간 23 분 전
Major European Markets In Positive Territory In Cautious Trade

Major European Markets In Positive Territory In Cautious Trade

The major European markets are up in positive territory on Wednesday with investors picking up stocks amid continued optimism about a sharp rate cut by the Federal Reserve following recent weak labor market data. Easing concerns on the trade front also contribute to the positive sentiment in the markets.
RTTNews | 10 시간 56 분 전