Dollar powers to 29-month high, stocks stay standing despite weak data

  • 📰 Reuters
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Asian shares firm as investors stay hopeful on U.S.-China disputes

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS had inched up 0.23% while Japan's Nikkeirose 0.6% and Australia's benchmark by 0.8%, some of that coming after the central bank rate cut.

“Whether it was a fake news or not, it is becoming harder to know exactly what the U.S. administration will be doing,” said Takashi Hiroki, chief strategist at Monex Securities.Back in the currency market, the euro traded at $1.0888JPY=Gold also fell to a two-month low as the stronger greenback took its toll on metals markets, It was last trading at $1,468.50 per ounce XAU=.

Oil prices rebounded, however, after data showed production at the world’s largest oil producers fell in the third quarter. It also came after a sizeable 8% drop over the last few months.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Impeachment potential is having a good effect.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines