Monday, 19 November 2018
New York
Dollar rises toward 16-month high after hawkish Fed guidance
Friday, 9 November 2018 16:49 WIB | CURRENCIES |DOLLARDolar AS

The dollar rose towards a 16-month high on Friday after the U.S. Federal Reserve kept interest rates steady and reaffirmed its monetary tightening stance, cueing up investors for a rate hike in December.

The greenback fell sharply following U.S. midterm elections on Tuesday on expectations that the outcome of the vote would make further fiscal stimulus measures unlikely.

But the dollar bounced back and on Friday returned to outperforming most major currencies, underpinned by the robust U.S. economy and rising interest rates.

The Fed is widely expected to raise interest rates in December, which would be its fourth hike this year.

Renewed strength in the dollar - which tends to appreciate from trade war tensions by acting as a safe haven - is pushing the Chinese yuan towards 7 per dollar CNH=D3 and has seen the euro slip towards $1.13.

In Japan, where interest rates are seen staying extremely low, the yen JPY=D3 is near a five-week low against the dollar and has fallen 2.2 percent over the last 10 trading sessions.

On Friday, though, the yen reversed course to trade up 0.2 percent at 111.86.

The dollar index, a gauge of its performance against six major peers, traded at a one-week high at 96.89, not far from a 16-month high of 97.2 brushed on Oct 31.

The euro traded at $1.1343, losing 0.2 percent after falling sharply on Thursday.

The pound changed hands at $1.3015, down 0.4 percent.

The Australian dollar lost 0.2 percent to trade at $0.7241. It tends to struggle when sentiment towards China - Australia's largest trade partner - weakens.

Source: Reuters

EUR/USD Climbs Further Beyond 1.1400 Handle, 1-1/2 Week Tops...
Monday, 19 November 2018 16:06 WIB

EUR/USD membalikkan penurunan sebelumnya ke level di bawah 1,1400 dan dengan cepat pulih sekitar 25-poin dari posisi terendah harian untuk mencapai rekor 1 1/2 pekan dalam satu jam terakhir. Wakil Ke...

USD/JPY dragging its feet just south of 113.00...
Monday, 19 November 2018 08:12 WIB

USD/JPY diperdagangkan ke 112,75 dalam aksi awal pekan baru yang melihat penurunan Dolar-Yen ke level terendah baru dua minggu sebelum pulih dengan cepat ke level familiar yang mengakhiri perdagangan ...

Dollar Falls as Fed's Clarida Says Interest Rates Near Neutral...
Friday, 16 November 2018 23:10 WIB

Dolar jatuh pada hari Jumat setelah Richard Clarida, wakil ketua Federal Reserve, mengatakan bahwa suku bunga mendekati netral, tetapi mengindikasikan bahwa kemungkinan kenaikan suku bunga pada bulan ...

Dollar Slips as Fed's Clarida Speaks...
Friday, 16 November 2018 21:08 WIB

Dolar jatuh ke titik terendah baru dalam perdagangan pagi di New York dan turun untuk minggu ini seiring saham berjangka AS dan ekuitas Eropa terbebani dan kekhawatiran bertahan tentang hubungan perda...

Sterling rebounds as PM May survives resignations; euro gains...
Friday, 16 November 2018 15:58 WIB

Pound Inggris merengkuh kembali penurunannya pada hari Jumat seiring Perdana Menteri Theresa May berpegang pada rencana Brexit setelah pengunduran diri para menteri utama melemparkan kesepakatan perce...

EUR/USD Climbs Further Beyond 1.1400 Handle, 1-1/2 Week Tops

The EUR/USD pair reversed an early dip to sub-1.1400 level and quickly recovered around 25-30 pips from daily lows to hit 1-1/2 week tops in the last hour. The Fed Vice Chairman Richard Clarida offered some dovish comments on Friday, saying that...

Gold Declines After Dollar, Treasury Yields Steady

Gold snapped a four-day advance as the dollar steadied, with the currency recovering from comments on Friday by Federal Reserve Vice Chairman Richard Clarida, who said U.S. interest rates are getting closer to the vicinity of neutral and...

Hong Kong Shares End With Gains

Hong Kong stocks closed with a third day of gains Monday, tracking a positive lead from Wall Street as investors keep an eye on developments in the China-US trade dispute. The Hang Seng Index rose 0.72 percent, or 188.47 points, to close at...

Gold prices settle up by more than 1% for the week; palladium futures log another record
Saturday, 17 November 2018 01:49 WIB

Gold prices climbed Friday to tally a 1.2% gain for the week. U.S. and European benchmark stock indexes declined and the dollar fell for the week,...

Gold Hits 1-Week High as Dollar Softens; Palladium Near Record
Friday, 16 November 2018 19:27 WIB

Gold rose to a one-week high on Friday as the dollar softened following recent gains on uncertainty over Britain's exit from the European Union,...

Stocks End Mostly Higher, But Suffer Weekly Losses on Tech Weakness
Saturday, 17 November 2018 04:12 WIB

Stocks ended mostly higher Friday, finding support after President Donald Trump said China "wants to make a trade deal" with the U.S. But major...

Hong Kong Shares Close Week on Positive Note (Review)
Saturday, 17 November 2018 04:16 WIB

Hong Kong stocks finished the week with gains Friday, tracking a positive lead from Wall Street with energy firms supported by an uptick in oil...