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Dollar Stays Weak Against Some Major Counterparts

RTTNews | 1013 days ago

(RTTNews) - The U.S. dollar is exhibiting some weakness on Wednesday with traders closely following the developments on the geopolitical front following the missile blast in Poland, and digesting the latest batch of U.S. economic data.

Markets also noted the European Central Bank's comments in its Financial Stability Review, published today. Risks to financial stability in the euro area increased amid rising inflation and low economic growth, the ECB said in its review.

The ECB observed that financial conditions tightened as central banks took measures to combat inflation.

In U.S. economic news, the Commerce Department's data showed retail sales surged by 1.3% in October after coming in unchanged in September. Economists had expected retail sales to jump by 1%.

Meanwhile, the Federal Reserve released a separate report unexpectedly showing a modest decrease in U.S. industrial production in the month of October.

The Fed said industrial production edged down by 0.1% in October following a revised 0.1% uptick in September. Economists had expected industrial production to inch up by 0.2% compared to the 0.4% increase originally reported for the previous month.

The National Association of Home Builders' report showed a continued decrease in U.S. homebuilder confidence in the month of November.

The report showed the NAHB/Wells Fargo Housing Market Index declined for the 11th consecutive month, slumping to 33 in November after tumbling to 38 in October. Economists had expected the index to dip to 36.

The dollar index, which dropped to 105.86 in the Asian session, rallied to 106.60 this afternoon before drifting down to 106.28, down 0.11% from the previous close.

Against the Euro, the dollar is trading at 1.0392, easing from 1.0350.

The dollar is down against Pound Sterling at 1.1916, compared with the previous close of 1.1866.

Against the Japanese currency, the dollar has firmed to 139.55 yen, gaining from 139.31 yen a dollar.

The Aussie is slightly weak against the U.S. dollar with the AUD/USD pair at 0.6738.

Against Swiss franc, the dollar has regained lost ground and is up marginally, fetching CHF 0.9449 a unit.

The dollar is firm against the loonie at C$1.3333, gaining from C$1.3229.

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 16 minutes ago

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 44 minutes ago

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to 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 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 46 minutes ago

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1h 1min ago

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 1h 4min ago

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | 1h 16min ago

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | 1h 46min ago

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2h 16min ago

EURUSD	1.16452	GBPUSD	1.34743	AUDUSD	0.6483
USDJPY	147.424	USDCAD	1.38506	USDCHF	0.80421