Dollar Turns In Mixed Performance Against Major Counterparts

RTTNews | 45 dagar sedan
Dollar Turns In Mixed Performance Against Major Counterparts

(RTTNews) - The dollar turned in a mixed performance against its major counterparts on Thursday, with traders digesting a slew of economic data, and a looking ahead to the PCE report, due on Friday.

Data from the Labor Department showed initial jobless claims dipped to 210,000 in the week ended March 23rd, a decrease of 2,000 from the previous week's revised level of 212,000. Economists had expected jobless claims to rise to 215,000 from the 210,000 originally reported for the previous week.

Revised data from the Commerce Department showed real gross domestic product surged by 3.4% in the fourth quarter compared to the previously reported 3.2% jump. Economists had expected the pace of GDP growth to be unrevised.

A report from The National Association of Realtors (NAR) said its pending home sales index shot up by 1.6% to 75.6 in February after plunging by 4.7% to a revised reading of 74.4 in January.

Economists had expected pending home sales to jump by 1.5% compared to the 4.9% nosedive originally reported for the previous month.

The University of Michigan's report said the consumer sentiment index for March was upwardly revised to 79.4 from the preliminary reading of 76.5. Economists had expected the reading to be unrevised.

The Commerce Department's report on personal income and spending is due on Friday. While the inflation data could impact the outlook for interest rates, traders will have to wait until next Monday to react to the report due to the markets being closed for Good Friday.

The Dollar index climbed to 104.73 in the European session, and despite a subsequent retreat, recovered to 104.54, gaining nearly 0.2%.

The dollar strengthened to 1.0788 against the Euro, gaining from 1.0828. Against Pound Sterling, the dollar firmed to 1.2625 from 1.2642.

The dollar ended slightly weak against the Japanese currency, at 151.33 yen a unit. The Aussie weakened against the dollar to US$0.6516.

The dollar weakened a bit against Swiss franc, easing to CHF 0.9016 from CHF 0.9038. Against the Loonie, the dollar shed ground, dropping to C$ 1.3541 from C$ 1.3568.

read more
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is currently trading slightly lower on Monday, giving up some of the gains in the previous session, with the benchmark S&P/ASX 200 staying above the 7,400.00 level, following the mixed cues from Wall Street on Friday, with losses in technology and financial stocks.
RTTNews | 4h 9minuter sedan
Profit Taking May Slow Hong Kong Stock Market

Profit Taking May Slow Hong Kong Stock Market

The Hong Kong stock market has moved higher in back-to-back sessions, rallying almost 650 points or 3.6 percent along the way. The Hang Seng Index now sits just above the 18,960-point plateau although investors may lock in gains on Monday.
RTTNews | 4h 16minuter sedan
Win Streak May Continue For China Stock Market

Win Streak May Continue For China Stock Market

The China stock market has tracked higher in back-to-back sessions, gathering more than 25 points or 0.7 percent along the way. The Shanghai Composite Index now sits just beneath the 3,155-point plateau and it may add to its winnings on Monday.
RTTNews | 4h 31minuter sedan
Taiwan Stock Market May Spin Its Wheels On Monday

Taiwan Stock Market May Spin Its Wheels On Monday

The Taiwan stock market bounced higher again on Friday, one day after ending the four-day winning streak in which it had advanced more than 480 points or 2.3 percent. The Taiwan Stock Exchange now sits just above the 20,700-point plateau although it may be stuck in neutral on Monday.
RTTNews | 5h 1minuter sedan
Singapore Bourse May Find Traction On Monday

Singapore Bourse May Find Traction On Monday

The Singapore stock market has moved higher in two straight sessions, collecting more than 25 points or 0.7 percent in that span. The Straits Times Index now rests just above the 3,290-point plateau although it may stop the bleeding on Monday.
RTTNews | 5h 31minuter sedan
Malaysia Stock Market May End Losing Streak On Monday

Malaysia Stock Market May End Losing Streak On Monday

The Malaysia stock market has moved lower in three straight sessions, slipping almost 5 points or 0.3 percent in that span. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it may find support on Monday.
RTTNews | 6h 1minuter sedan
Little Movement Expected For South Korea Shares

Little Movement Expected For South Korea Shares

The South Korea stock market bounced higher again on Friday, one day after ending the two-day winning streak in which it had jumped almost 70 points or 2.6 percent. The KOSPI now sits just above the 2,725-point plateau and it's likely to remain in that neighborhood again on Monday.
RTTNews | 6h 31minuter sedan