To use chat, please login.
Back to contacts

Dollar Firms Against Major Counterparts On Safe-haven Bets

RTTNews | 78 days ago
Dollar Firms Against Major Counterparts On Safe-haven Bets

(RTTNews) - The U.S. dollar firmed against its major counterparts on Friday as weak PMI data from across the globe pushed up the demand for the safe-haven currency.

Recent hawkish statement by the Federal Reserve contributed as well for the greenback's uptick.

After climbing higher to 105.78 in the European session, the dollar index briefly fell below the flat line around late morning, but recovered subsequently to 105.62, gaining about 0.25%.

Against the Euro, the dollar is up at 1.0645. Despite a moderate improvement, the euro area private sector remained in the contraction territory in September, adding to fears of a recession in the second half of the year. The flash results of the purchasing managers' survey by S&P Global showed that the HCOB flash composite output index rose to 47.1 in September from 46.7 a month ago, while it was expected to fall to 46.5.

The dollar is trading at 1.2237 against Pound Sterling, gaining more than 0.5%. The UK private sector activity contracted at the fastest pace in more than two-and-a-half years in September amid steep declines in both manufacturing and services activity, the purchasing managers' survey results from S&P Global and the Chartered Institute of Procurement & Supply showed Friday.

The flash composite output index dropped to 46.8 from 48.6 in the previous month.

Against the Japanese currency, the dollar is up, fetching 148.40 yen a unit, nearly 0.6% more than the previous close. The dollar is down against the Aussie at 0.6441. Against Swiss franc, the greenback is up at CHF 0.9072, and against the Loonie, it is down slightly at C$ 1.3481.

read more
TSX Ends Higher; Energy Stocks Rise

TSX Ends Higher; Energy Stocks Rise

The Canadian market ended higher on Friday supported by strong gains in the energy space, and on positive reaction to the stronger-than-expected U.S. non-farm payroll employment.
RTTNews | 1 day ago
Swiss Market Ends On Strong Note

Swiss Market Ends On Strong Note

The Switzerland market ended on a firm note on Friday, in line with markets across the region, amid optimism the Fed will start cutting interest rates from early next year, and on data showing a bigger than expected addition in U.S. non-farm payroll employment in November.
RTTNews | 1 day ago
U.S. Consumer Sentiment Jumps In December As Inflation Expectations Tumble

U.S. Consumer Sentiment Jumps In December As Inflation Expectations Tumble

A report released by the University of Michigan on Friday showed a significantly bigger than expected improvement in U.S. consumer sentiment in the month of December. The University of Michigan said its consumer sentiment index surged to 69.4 in December from 61.3 in November. Economists had expected the index to inch up to 62.0.
RTTNews | 1 day ago
Amazon Sues An International Ring For Stealing Millions Of Dollars In Refund Scams

Amazon Sues An International Ring For Stealing Millions Of Dollars In Refund Scams

e-commerce giant Amazon.com has sued an international ring of online thieves, including an organization called REKK, who fraudulently swindled millions of dollars in merchandise from the company through a series of refund scams. The scams included buying products on Amazon and seeking refunds without returning the goods.
RTTNews | 2 days ago