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Dollar Slips Against Major Counterparts Ahead Of US Presidential Election

RTTNews | 20 days ago

Dollar Slips Against Major Counterparts Ahead Of US Presidential Election

(RTTNews) - The U.S. dollar shed ground on Monday with traders unwinding some long positions ahead of the presidential election. Traders are also eying the Federal Reserve's monetary policy announcement, due on Thursday.

The rising odds of Kamala Harris winning the U.S. presidential election due on Tuesday, also led to the downward pressure of the currency.

The dollar index dropped to a nine-day low to 103.58 in the European session, but pared some losses as the day progressed, and was at 103.91 a little while ago, down 0.36% from the previous close.

Against the Euro, the dollar was down at 1.0875, easing from 1.0835 a unit of the European currency. Against Pound Sterling, the dollar was down marginally at $1.2954.

The dollar weakened against the Japanese currency to 152.17 yen a unit, from 152.99 yen. Against the Aussie, the dollar was down nearly 0.4% at 0.6585.

The Swiss franc strengthened to 0.8644 against the greenback, firming from 0.8700. The Loonie firmed to 1.3903 a dollar, from 1.3961, as oil prices rose sharply after OPEC+ decided to delay output increase plans.

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Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is currently trading notably higher on Monday, adding to the gains in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,400.00 level, with gains across most sectors led by mining, energy and technology stocks. Financial stocks are the only weak spot.

RTTNews | 5h 13min ago

Hong Kong Shares Due For Support On Monday

Hong Kong Shares Due For Support On Monday

The Hong Kong stock market has moved lower in two straight sessions, dropping more than 470 points or 2.5 percent along the way. The Hang Seng Index now sits just beneath the 19,230-point plateau although it may stop the bleeding on Monday.

RTTNews | 5h 14min ago

China Stock Market May Cut Into Friday's Losses

China Stock Market May Cut Into Friday's Losses

The China stock market on Friday halted the three-day winning streak in which it had advanced more than 35 points or 1 percent. The Shanghai Composite now sits just beneath the 3,270-point plateau although it's likely to make back some of that on Monday.

RTTNews | 5h 29min ago

Taiwan Bourse May Extend Friday's Gains

Taiwan Bourse May Extend Friday's Gains

The Taiwan stock market on Friday snapped the two-day slide in which it had stumbled almost 300 points or 1.3 percent. The Taiwan Stock Exchange now rests just above the 22,900-point plateau and it may see additional support on Monday.

RTTNews | 5h 59min ago

Higher Open Anticipated For Singapore Stock Market

Higher Open Anticipated For Singapore Stock Market

The Singapore stock market on Friday snapped the two-day slide in which it had slipped almost 20 points or 0.6 percent. The Straits Times Index now sits just above the 3,745-point plateau and it's expected to see continued strength on Monday.

RTTNews | 6h 29min ago

New Zealand Retail Sales Dip 0.1% On Quarter In Q3

New Zealand Retail Sales Dip 0.1% On Quarter In Q3

The total volume of retail sales in New Zealand was down a seasonally adjusted 0.1 percent on quarter in the third quarter of 2024, Statistics New Zealand said on Monday - coming in at NZ$24 billion.

RTTNews | 6h 34min ago

New Zealand Has NZ$1.544 Billion Trade Shortfall In October

New Zealand Has NZ$1.544 Billion Trade Shortfall In October

New Zealand posted a merchandise trade deficit of NZ$1.544 billion in October, Statistics New Zealand said on Monday.

RTTNews | 6h 42min ago

Malaysia Shares Tipped To Open To The Upside

Malaysia Shares Tipped To Open To The Upside

The Malaysia stock market on Friday ended the three-day losing streak in which it had fallen more than 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,590-point plateau and it may up steam on Monday.

RTTNews | 6h 59min ago

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