Dollar Climbs Higher Ahead Of Inflation Data

RTTNews | 890日前

(RTTNews) - The U.S. dollar firmed against its major counterparts on Wednesday as traders awaited U.S. consumer price inflation data for clues about the outlook for interest rate hikes.

Traders also looked ahead to the outcome of the U.S. midterm elections.

According to reports, the Republicans are likely to earn a narrow majority in the House. Several candidates backed by former President Donald Trump have reportedly underperformed.

Economists expect the data from the Labor Department tomorrow to show a modest slowdown in the annual rate of consumer price growth, which could add to optimism about a slowdown in the pace of rate hikes.

In economic news today, a report from the Commerce Department showed wholesale inventories in the U.S. increased by less than expected in the month of September.

The report said wholesale inventories rose by 0.6% in September after surging by an upwardly revised 1.4% in August. Economists had expected wholesale inventories to climb by 0.8% compared to the 1.3% jump originally reported for the previous month.

The dollar index, which climbed to 110.64 earlier this afternoon, is currently at 110.47, up 0.76% from the previous close.

Against the Euro, the dollar strengthened to 1.0010 from 1.0075.

The dollar is trading at 1.1353 against Pound Sterling, rising sharply from the previous closing level of 1.1546.

Against the Japanese currency, the dollar is strong, fetching 146.37 yen a unit, up from 145.69 yen on Tuesday.

The dollar is up against the Aussie at 0.6429, firming from 0.6507.

Against Swiss franc, the dollar is up marginally, fetching CHF0.9847 a unit. The Loonie is down at 1.3529 a dollar, easing from 1.3429.

Swiss Markets Settles Higher After Choppy Session

The Switzerland market closed on a positive note on Thursday with investors digesting some corporate earnings updates and reacting to the European Central Bank's rate cut decision.

RTTNews | 2時27分前

European Stocks Close Broadly Lower

European stocks pared some early losses on Thursday but still ended the day's trading session mostly weak. Worries about trade tensions and tariff uncertainty, and reluctance to pick up stocks ahead of a long weekend contributed to the weakness in the markets.

RTTNews | 2時47分前

Canadian Market Modestly Higher As Energy Stocks Shine

The Canadian market, which retreated after an early upmove Thursday morning, gained in strength in late morning trades. However, with a long weekend ahead, and the trade policy of U.S. President Donald Trump remaining uncertain, the mood in the market is quite cautious so far.

RTTNews | 3時46分前

Philly Fed Index Plummets To Two-Year Low In April

The Federal Reserve Bank of Philadelphia released a report on Thursday showing a steep drop by its reading on regional manufacturing activity in the month of April. The Philly Fed said its diffusion index for current general activity plummeted to a negative 26.4 in April from a positive 12.5 in March, with a negative reading indicating contraction.

RTTNews | 5時14分前

U.S. Weekly Jobless Claims Unexpectedly Dip To Two-Month Low

First-time claims for U.S. unemployment benefits unexpectedly saw a modest decrease in the week ended April 12th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 215,000, a decrease of 9,000 from the previous week's revised level of 224,000.

RTTNews | 5時18分前

ECB Cuts Interest Rates By 25 Bps Again Despite 'Exceptional Uncertainty'

The European Central Bank slashed its key interest rates by a quarter basis point on Thursday, as expected, as policymakers assessed that disinflation remains on track but acknowledged that the significant uncertainty due to the escalation in the tariff war is going to hurt the Eurozone economic outlook.

RTTNews | 5時30分前

U.S. Housing Starts Plunge 11.4% In March, Much More Than Expected

A report released by the Commerce Department on Thursday showed new residential construction in the U.S. pulled back by much more than expected in the month of March. The Commerce Department said housing starts plunged by 11.4 percent to an annual rate of 1.324 million in March after surging by 9.8 percent to a revised rate of 1.494 million in February.

RTTNews | 5時43分前

Turkey Unexpectedly Lifts Rate By 350 Bps

The Turkish central bank raised its key interest rate in a surprise move on Thursday, reversing the sharp easing cycle that began last December, and also expressed preparedness to keep the policy tight. The Monetary Policy Committee, headed by Yasar Fatih Karahan, decided to raise the policy rate to 46.0 percent from 42.5 percent.

RTTNews | 5時43分前

EURUSD	1.13747	GBPUSD	1.32673	AUDUSD	0.63913
USDJPY	142.395	USDCAD	1.38445	USDCHF	0.81837

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Dollar Climbs Higher Ahead Of Inflation Data