Dollar Gains Against Major Counterparts Ahead Of Fed Policy Meeting

RTTNews | 938 gün önce

(RTTNews) - The U.S. dollar climbed higher against most of its major counterparts on Monday, ahead of the Federal Reserve's interest rate decision on Wednesday.

The Bank of England and the European Central Bank are also scheduled to announce their interest rate decisions this week.

The Fed is widely expected to slow the pace of rate hike to 25 basis points.

Recent upbeat economic data has generated some optimism the Fed could engineer a soft landing but has also led to concerns the central bank will need to keep rates at elevated levels for longer than anticipated.

The BoE and the ECB are expected to raise interest rates by 50 basis points.

The dollar index, which dropped to 101.66 in the Asian session, climbed to 102.31 later on in the day, and was last seen at 102.22, up nearly 0.3% from the previous close.

Against the Euro, the dollar has firmed to 1.0852, after having dropped to 1.0916.

The dollar is stronger against Pound Sterling at 1.2351, gaining from 1.2396.

Against the Japanese currency, the dollar has strengthened to 130.44 yen, up from 129.85 yen on Friday.

The dollar has firmed to 0.7060 against the Aussie from 0.7108.

Against Swiss franc, the dollar rose to CHF 0.9252 from around CHF 0.9212.

The dollar traded firm against the Loonie as well, strengthening to C$ 1.3388 from C$ 1.3312.

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | 21 dakika önce

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 51 dakika önce

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1s 21 dakika önce

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.

RTTNews | 1s 36 dakika önce

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1s 52 dakika önce

EURUSD	1.16508	GBPUSD	1.34837	AUDUSD	0.6489
USDJPY	147.137	USDCAD	1.38448	USDCHF	0.8034

Dollar Gains Against Major Counterparts Ahead Of Fed Policy Meeting

Taiwan Bourse May Hand Back Monday's Gains

Singapore Stock Market Tipped To Open In The Red

Rally May Stall For Malaysia Stock Market

Japan Stock Market May Spin Its Wheels On Tuesday

KOSPI May Run Out Of Steam On Tuesday

RBA Minutes On Tap For Tuesday

U.S. Dollar Climbs Against Majors

Swiss Market Ends Moderately Lower