Breaking News

Dollar hovers near two-week high as global stocks edge up

News Date: 30/8/2016 04:58:43
 
Dollar added to its gains on Tuesday, advancing 0.24% to 95.76 against a basket of six major counterparts, almost touching a two-week high at 95.83, while global stocks gained ground following strong data from Japan and Australia.

Australian shares climbed 0.20% after building approvals surged by 11.3% in July, smashing expectations of no-change, while the pan-European FTSEurofirst 300 index rose 0.37% to hover around 1,355.

Oil prices recovered some ground, with Brent crude futures clawing back 33 cents, or 0.67% to trade at $49.77 a barrel, while U.S. crude futures advanced 40 cents, or 0.85% to hover around $47.37 a barrel.

Other commodities weren't as lucky, with gold futures shedding nearly three dollars, or 0.20% to $1,324 an ounce, while silver futures slipped four cents, or also 0.20% to trade at $18.73 an ounce.

Investors await for some data later today, with the U.S. CB consumer confidence expected to inch down to 97.2 in August from July's 97.3, which wouldn't weigh much on the dollar's movements.

From Canada, the Industrial Product Price Index is forecast to have fallen 0.1% m/m in July, compared to June's 0.6% rise, which would impact the loonie negatively.

Latest news

The number of global Coronavirus infections is increasing at an unexpected speed, and German Chancellor Angela Merkel said yesterday that the pace of new infections is advancing day after day, and at
11-2020 17 08:37:57

Japanese stock indices closed lower today, due to undermining investor sentiment for fear of a rise in Corona cases, and the Nikkei index fell by 0.53% to 25385.87 points, and over the course of a we
11-2020 13 05:10:43

The US dollar manage this morning, to achieve progress during the trading session, as the « safe currency » rose by 0.04% to indicate 93.073, and the dollar fell against the Japanese yen
11-2020 12 08:11:42

Trump is still trying to raise the curtain on the corruption – as he claims – which was defined by the polling process in the last major US election that was sorted by Democrat Joe Biden,
11-2020 11 08:58:20

Most of the global markets rebounded on Monday, right after the opening of the weekly trading session, after Democrat Joe Biden won the US presidential elections, and both stocks and commodities rebo
11-2020 10 09:23:45

More News

Logs

Advertisements