Dollar Rises Against Major Counterparts After Trump Wins Presidential Election

RTTNews | 9j 58min yang lalu
Dollar Rises Against Major Counterparts After Trump Wins Presidential Election

(RTTNews) - The U.S. dollar climbed to a four-month high on Wednesday, firming against its major counterparts in the process, as Donald Trump won the Presidential Election, defeating the Democratic candidate Kamala Harris.

Trump's win has renewed optimism about economic growth policies that could lift bond yields higher and boost inflation, and keep interest rates at higher levels for longer.

Traders also looked ahead to the Federal Reserve's monetary policy announcement on Thursday and the Fed Chair Jerome Powell's speech.

The dollar index surged to 105.44 this morning, and remains fairly high up at 105.13, gaining 1.65% from the previous close.

Against the Euro, the dollar has strengthened to 1.0732 from 1.0932 a unit of the European currency. Against Pound Sterling, the dollar has firmed to 1.2885 from 1.3042.

The dollar is up sharply against the Japanese currency, gaining nearly 2% at 154.58 yen, and is up more than 1% against the Aussie, at 0.6570.

The Swiss franc has weakened to 0.8765 a unit of the U.S. currency from 0.8631. The Loonie is down at 1.3938 a unit of the greenback, easing from 1.3827.

read more
Thai Shares Tipped To Bounce Higher Again On Thursday

Thai Shares Tipped To Bounce Higher Again On Thursday

The Thai stock market turned lower again on Wednesday, one day after snapping the two-day slide in which it had eased just over 3 points or 0.2 percent. The Stock Exchange of Thailand now sits just above the 1,465-point plateau although it's expected to rebound on Thursday.
RTTNews | 5j 34min yang lalu
Indonesia Bourse Likely To Reclaim 7,400-Point Level

Indonesia Bourse Likely To Reclaim 7,400-Point Level

The Indonesia stock market headed south again on Wednesday, one day after ending the two-day slide in which it had slumped almost 100 points or 1.4 percent. The Jakarta Composite Index now rests just above the 7,380-point plateau although it's likely to see renewed support on Thursday.
RTTNews | 6j 4min yang lalu
Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is trading notably lower on Thursday after opening in the green, reversing the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,200 level, with weakness in gold miners and financial stocks.
RTTNews | 6j 9min yang lalu
Higher Open Expected For Hong Kong Stock Market

Higher Open Expected For Hong Kong Stock Market

The Hong Kong stock market on Wednesday snapped the three-day winning streak in which it had surged almost 700 points or 3.4 percent. The Hang Seng Index now sits just above the 20,530-point plateau and it's got a positive lead again for Thursday's trade.
RTTNews | 6j 19min yang lalu
Rebound Predicted For China Stock Market

Rebound Predicted For China Stock Market

The China stock market on Wednesday ended the two-day winning streak in which it had spiked more than 110 points or 3.3 percent. The Shanghai Composite now sits just beneath the 3,385-point plateau although it's expected to bounce higher again on Thursday.
RTTNews | 6j 34min yang lalu
Australia Building Approvals Rise 4.4% In September

Australia Building Approvals Rise 4.4% In September

The total number of building approvals issued in September was up a seasonally adjusted 4.4 percent on month, the Australian Bureau of Statistics said on Friday - coming in at 14,842.
RTTNews | 6j 51min yang lalu
Taiwan Bourse Has Solid Lead For Thursday's Trade

Taiwan Bourse Has Solid Lead For Thursday's Trade

The Taiwan stock market has moved higher in three straight sessions, gathering more than 435 points or 2 percent along the way. The Taiwan Stock Exchange now rests just above the 23,215-point plateau and it's expected open to the upside again on Thursday.
RTTNews | 7j 4min yang lalu