Dollar Climbs Higher On Safe-haven Demand

RTTNews | 1045 days ago
Stocktwits
Dollar Climbs Higher On Safe-haven Demand

(RTTNews) - The U.S. dollar firmed against its major rivals on Monday on safe-haven demand after China saw a surge in Covid-19 cases and imposed stringent restrictions in several cities including Beijing and Shanghai.

Chinese authorities told residents in Beijing's most populous district to remain at home to contain the Covid-19 outbreak and the country's southern metropolis of Guangzhou has been placed under a lockdown for five days.

Traders looked ahead to the minutes of the Federal Reserve's latest policy meeting for clues about the central bank's interest rate outlook.

The dollar index, which climbed to 107.99 around noon, was at 107.82 a little while ago, up 0.84% from the previous close.

Against the Euro, the dollar is at $1.0241, gaining from $1.0326.

The dollar is trading at 1.1815 against Pound Sterling, strengthening from $1.1888.

Against the Japanese currency, the dollar is trading at 142.07 yen, rising from 140.39 yen.

The Swiss franc is weak at CHF 0.9594 a dollar, compared with CHF 0.9549 on Friday.

Against the Aussie, the dollar is stronger by more than 1% at 0.6600, while against the Loonie, it is firm, fetching C$ 1.3457 a unit, up from C$ 1.3384 on Friday.

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Higher Open Tipped For Thai Stock Market

Higher Open Tipped For Thai Stock Market

The Thai stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had gained more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,275-point plateau although it may tick higher again on Thursday.
RTTNews | 14 minutes ago
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is notably higher on Thursday, snapping a four-session losing streak, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving above the 44,800 level, with gains in index heavyweights and technology stocks partially offset by weakness in automakers, exporters and financial stocks.
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RTTNews | 44 minutes ago
Australian Market Notably Higher

Australian Market Notably Higher

The Australian market is trading notably higher on Thursday, reversing the slight losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,900 level, with gains across most sectors led by mining and technology stocks. Energy stocks are the only weak spot.
RTTNews | 1h 1min ago
Win Streak May Continue For Hong Kong Shares

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RTTNews | 1h 14min ago
Taiwan Bourse May Reclaim 26,000-Point Level

Taiwan Bourse May Reclaim 26,000-Point Level

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RTTNews | 1h 44min ago
Singapore Stock Market Tipped To Open In The Green

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The Singapore stock market has moved higher in three straight sessions, adding more than 55 points or 1.3 percent along the way. The Straits Times Index now sits just above the 4,320-point plateau and it may add to its winnings again on Thursday.
RTTNews | 2h 14min ago
Malaysia Bourse May Extend Winning Streak

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The Malaysia stock market has moved higher in four straight sessions, collecting more than 20 points or 1.2 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,620-point plateau and it may tick higher again on Thursday.
RTTNews | 2h 44min ago
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