Dollar Rebounds From Recent Losses

RTTNews | 1033 gün önce

(RTTNews) - The U.S. dollar climbed higher against its major counterparts on Thursday, rebounding from recent losses, after data showed U.S. economic activity rebounded by slightly more than expected in the third quarter following two straight quarters of contraction.

The report from the Commerce Department said real gross domestic product shot up by 2.6% in the third quarter following a 0.6% drop in the second quarter and a 1.6% slump in the first quarter. Economists had expected GDP to jump by 2.4%.

The data has offset recent concerns about an impending recession but could also derail recent optimism about the Federal Reserve slowing the pace of interest rate hikes.

Another report from the Commerce Department showed durable goods orders rose by 0.4% in September following a revised 0.2% uptick in August. Economists had expected durable goods orders to increase by 0.6% in September compared to the 0.2% dip that had been reported for the previous month.

A report from the Labor Department showed initial jobless claims inched up to 217,000 in the week ended October 22nd, an increase of 3,000 from the previous week's unrevised level of 214,000. Economists had expected initial jobless claims to edge up to 220,000.

The dollar index rose to 110.62 this afternoon, gaining more than 0.8%.

Against the Euro, the dollar firmed to 0.9965 from 1.0086. The European Central Bank today raised its interest rate by 75 basis points, the third consecutive increase this year.

The bank also announced that it was changing the terms and conditions of its targeted longer-term refinancing operations, or TLTROs — a tool that provides European banks with attractive borrowing conditions, designed to incentivise lending to the real economy.

The dollar strengthened to 1.1566 against Pound Sterling, gaining from 1.1628.

Against the Japanese currency, the dollar drifted down, fetching 146.14 yen a unit, compared to 146.39 yen on Wednesday.

The dollar firmed to 0.6449 against the Aussie, gaining from 0.6497.

Against Swiss franc, the dollar was stronger, fetching CHF 0.9917 a unit, about 0.55% more than the previous close of CHF 0.9863.

The dollar is slightly stronger against the Loonie at C$ 1.3578, gaining from C$ 1.3557.

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 15 dakika önce

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to 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 7,925-point plateau although it's looking at a soft start 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 | 18 dakika önce

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure 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 | 33 dakika önce

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 36 dakika önce

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | 48 dakika önce

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 | 1s 18 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 | 1s 48 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 | 2s 18 dakika önce

EURUSD	1.16415	GBPUSD	1.3475	AUDUSD	0.6477
USDJPY	147.286	USDCAD	1.38547	USDCHF	0.80424