Dollar Sheds Ground On Hopes Fed Will Slow Down Pace Of Policy Tightening

RTTNews | 839 days ago
Stocktwits
Dollar Sheds Ground On Hopes Fed Will Slow Down Pace Of Policy Tightening

(RTTNews) - The U.S. dollar shed ground against most of its major counterparts on Monday with investors betting on a slower pace of policy tightening by the Federal Reserve following data showing a slower pace of wage growth in December.

The dollar index, which dropped to a low of 102.94 around noon, recovered to 103.20 as the session progressed, but still trailed its previous close by about 0.66%.

Against the Euro, the dollar weakened to 1.0734 from 1.0644.

The dollar eased to 1.2185 against Pound Sterling, giving up 0.76%.

Against the Japanese currency, the dollar edged down marginally, and was last seen fetching 131.88 yen a unit, compared with 132.11 yen on Friday.

The dollar is weak against the Aussie with the AUD/USD pair at 0.6913, down from 0.6876,

The Swiss franc strengthened to 0.9214 against the dollar, while the Loonie firmed to 1.3393 against the dollar.

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European Shares Edge Higher In Cautious Trade

European Shares Edge Higher In Cautious Trade

European stocks traded higher on Monday as tariff tensions eased and investors looked ahead to a busy week of earnings, with four of the Magnificent Seven companies— Amazon, Apple, Meta Platforms and Microsoft — due to report their quarterly results.
RTTNews | 16 minutes ago
European Shares Seen Opening Up In Cautious Trade

European Shares Seen Opening Up In Cautious Trade

European stocks are likely to open on a steady note Monday after U.S. stocks posted their longest advance in three months on Friday amid signs of easing trade tensions and bets the Federal Reserve will cut interest rates as early as June, as the American economy softens.
RTTNews | 3h 40min ago
Sensex, Nifty Follow Global Peers Higher

Sensex, Nifty Follow Global Peers Higher

Indian shares were trading higher on Monday, tracking firm cues from global markets. The benchmark S&P/BSE was up 548 points, or 0.7 percent, at 79,760 despite rising tensions between India and Pakistan, triggered by the Pahalgam terror attack.
RTTNews | 4h 57min ago
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Monday, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving well above the 8,000.00 mark, with gains technology, energy and financial stocks partially offset by weakness in mining stocks.
RTTNews | 5h 54min ago
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Monday, following the broadly positive cues from Wall Street on Friday, on easing global trade tensions amid ongoing tariff talks between the US and some of its partner countries, including China and Japan. There are also hopes for additional stimulus measures in China aimed at offsetting the impact of US tariffs.
RTTNews | 6h 11min ago
Thai Stock Market May See Additional Support On Monday

Thai Stock Market May See Additional Support On Monday

The Thai stock market bounced higher again on Friday, one day after ending the two-day winning streak in which it had gained almost 20 points or 1.8 percent. The Stock Exchange of Thailand now sits just beneath the 1,160-point plateau and it's expected to extend open in the green again on Monday.
RTTNews | 7h 16min ago
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