Dollar Turns In Mixed Performance Against Major Rivals

RTTNews | 1382 days ago

(RTTNews) - After staying weak till about an hour past noon, the U.S. dollar made some progress up north on Tuesday, but a significant uptick still remained elusive as traders looked for direction.

The U.S. dollar was notably lower in the Asian session on Wednesday, and despite seeing a gradual recovery thereafter, still stayed somewhat sluggish with traders tracking Covid-related news from China, and looking ahead to the crucial jobs data, due later in the week.

Hawkish comments from St. Louis Fed President James Bullard and New York Fed President John Williams helped the dollar's cause a bit. Both Bullard and Williams reiterated their hawkish stance on further rate hikes.

Optimism surrounding China's reopening offset rate-hike fears and weighed on the greenback. China reported a slight dip in new COVID-19 infections and also stepped-up support for the country's property sector.

In U.S. economic news, the Conference Board released a report on Tuesday showing a modest decrease in U.S. consumer confidence in the month of November.

The Conference Board said its consumer confidence index dipped to 100.2 in November from a revised 102.2 in October. Economists had expected the index to slip to 100.0 from the 102.5 originally reported for the previous month.

The modest decrease by the headline index came as the present situation index edged down to 137.4 in November from 138.7 in October.

The dollar index, which dropped to 106.06 in the Asian session, climbed to 106.88, gaining nearly 0.2%.

Against the Euro, the dollar firmed to 1.0327, after having weakened to 1.0396 earlier in the day.

The dollar is up marginally against Pound Sterling at $1.1951.

Against the Japanese currency, the dollar is weak at 138.69 yen, compared with 138.93 yen on Monday.

The dollar is weak against the Aussie at 0.6688, easing from 0.6653.

Against Swiss franc, the dollar has firmed to CHF 0.9535, up nearly 0.5% over the previous close.

The dollar is stronger against the loonie, fetching C$1.3580 a unit, compared with C$1.3469 on Monday.

U.S. Dollar Ticks Higher Amid Inflation Data Release, Expectations Of Reopening Of Strait Of Hormuz

The U.S. Dollar value inched higher as investors weighed today's inflation data that pushed the odds for a rate hike in the U.S. higher against reports of an upcoming meeting between the Gulf Cooperation Council nations and Iran to hasten the reopening of the Strait of Hormuz.

RTTNews | 7h 30min ago

TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak

The S&P/TSX Composite Index rose 0.36% Friday to 35,634.50 as technology stocks surged 3.5%, contributing significantly to gains. Oil prices fell following International Energy Agency's downward global oil demand forecast revision.

RTTNews | 9h 46min ago

Swiss Market Ends Modestly Higher

The Switzerland stock market closed modestly higher on Friday, in line with markets across Europe, as a sharp drop in oil prices helped lift sentiment.

RTTNews | 10h 20min ago

European Markets Rise As Oil Prices Fall On IEA Demand Cut

European markets gained ground Friday after the International Energy Agency cut its global oil demand forecast, sending Brent crude futures down 3.5% to $103.50. The IEA now projects world oil demand will drop 2.5 million barrels per day this year versus its prior estimate of 1.6 million bpd.

RTTNews | 10h 42min ago

U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index slumped to 47.8 in September after tumbling to 51.7 in August. Economists had expected the index to edge down to 51.0.

RTTNews | 14h 4min ago

CPSC Recalls: 2.3 Mln Candy Bottles, Motorcycles, Dressers, Dual Fuel Ranges, Fire Spray Canisters

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including more than 2.3 million sour crush candy bottles, motorcycles, six-drawer dressers, dual fuel ranges, hair dryer brushes, and fire spray canisters, among others. In most of the recalls, consumers are urged to immediately stop using the recalled product, and contact the respective firm for either a free repair

RTTNews | 14h 12min ago

U.S. Consumer Price Growth Matches Estimates, Core Prices Rise Slightly More Than Expected

A closely watched report released by the Labor Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of August, although core prices rose by slightly more than expected. The Labor Department said its consumer price index climbed by 0.4 percent in August after inching up by 0.1 percent in July.

RTTNews | 14h 53min ago

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

A closely watched report released by the Labor Department on Friday showed consumer prices in the U.S. increased in line with economist estimates in the month of August.

RTTNews | 15h 54min ago

EURUSD	1.1598	GBPUSD	1.3518
USDJPY	153.62	USDCAD	1.387