Dollar Continues To Surge Higher

RTTNews | 1054 dias atrás
Dollar Continues To Surge Higher

(RTTNews) - The U.S. dollar climbed higher against most of its major counterparts on Monday, extending recent gains, amid bets the central bank will continue to aggressively hike interest rates.

Recent strong jobs data and remarks by several Fed officials indicate the central bank will announce another 75-basis point hike in interest rates in November.

The dollar index surged to 113.33 this afternoon, and despite easing to 113.13, remains well above the flat line, gaining 0.3% over its previous close.

Against the Euro, the dollar has firmed to 0.9707 from 0.9740, gaining about 0.4%.

The dollar is trading at $1.1058 against Pound Sterling, gaining from $1.1093.

Against the Japanese currency, the dollar is stronger, fetching 145.74 yen a unit, as against 145.24 yen a unit on Friday.

The dollar is gaining more than 1% against the Aussie at 0.6299.

The dollar is up marginally against Swiss franc at CHF 0.9997 a unit, compared with CHF 1.0000 a dollar.

Against the Loonie, the dollar is at C$1.3781, gaining from C$1.3738.

read more
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 8 h 51 min atrás
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 11 h 41 min atrás
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 12 h 9 min atrás
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 15 h 13 min atrás
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 15 h 56 min atrás