Dollar Loses Ground Ahead Of Central Bank Policy Meetings

RTTNews | 667天前
Dollar Loses Ground Ahead Of Central Bank Policy Meetings

(RTTNews) - The U.S. dollar shed ground against its major rivals on Monday, with investors looking ahead to the Federal Reserve's monetary policy announcement for clues about the central bank's interest rate moves.

The Fed meeting is scheduled to take place on Tuesday and Wednesday. The central bank is widely expected to leave rates unchanged. The accompanying statement is eyed for clues about future interest rate hikes, if any.

The Bank of Japan and the Bank of England are also scheduled to announce their monetary policies this week.

The U.S. non-farm payroll data is due on Friday. Economists expect a job growth of 180,000 in October, down from an increase of 336,000 jobs in the previous month. The unemployment rate is expected to remain steady at 3.8%.

The dollar index dropped to 106.06 and remains weak at 106.14, down 0.4% from the previous close.

Against the Euro, the dollar is down at 1.0617, dropping from 1.0566. The dollar is weak against Pound Sterling at $1.2170 after having settled at 1.2120 on Friday.

The dollar is trading weak against the Japanese currency, fetching 149.08 yen a unit, down from the previous close of 149.68 yen a dollar.

Against the Aussie, the dollar is trading at 0.6377, down by about 0.8%. The dollar is down marginally against Swiss franc at CHF 0.9018. Against the Loonie, the dollar is weak at C$ 1.3828, down from C$ 1.3882.

read more
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.
RTTNews | 12分钟前
Swiss Market Settles Modestly Higher

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.
RTTNews | 54分钟前
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.
RTTNews | 1小时2分钟前
Thai Bourse May Halt Losing Streak On Thursday

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.
RTTNews | 1小时11分钟前
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | 1小时19分钟前
Indonesia Shares Tipped To Open In The Green

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of 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 7,935-point plateau and it may add to its winnings on Thursday.
RTTNews | 1小时41分钟前
Hong Kong Shares Poised To End Two-Day Slide

Hong Kong Shares Poised To End Two-Day Slide

The Hong Kong stock market has finished lower in consecutive trading days, tumbling almost 630 points or 2.5 percent along the way. The Hang Seng Index now rests just above the 25,200-point plateau although it may find traction on Thursday.
RTTNews | 1小时56分钟前