Monday, 22 April 2019
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

Dollar steady near 2-week high in quiet Good Friday trading...
Friday, 19 April 2019 20:40 WIB

Dolar AS bertahan dekat 2-minggu tertinggi pada hari Jumat, pada apa yang seharusnya menjadi sesi tenang untuk mata uang dengan sebagian besar AS dan pertukaran global ditutup untuk menaati Jumat Agun...

USD/JPY frozen near 111.90 ahead of US housing data...
Friday, 19 April 2019 16:33 WIB

Pasangan USD/JPY memperpanjang tren datarnya ke sesi Eropa, goyah bolak-balik dalam kisaran 10-pips yang sangat sempit tepat di bawah 112. Tarik menarik antara bulls dan bears berlanjut untuk sesi ke...

GBP/USD: On the defensive despite strong UK retail sales...
Friday, 19 April 2019 12:34 WIB

Jalur paling mudah untuk GBP/USD tampaknya ke sisi bawah. Pound Inggris tergelincir di bawah 1,30 dan ditutup di bawah terendah 5 April 1,2987 kemarin, memvalidasi lower high bearish 1,3133 yang dibu...

USD/JPY: No reaction to BOJ's decision to cut its routine buying of long-dated bonds...
Friday, 19 April 2019 09:19 WIB

Pasangan USD/JPY saat ini diperdagangkan pada 111,93, setelah mencatatkan 112,00 sebelumnya hari ini.Bank Jepang (BOJ) memangkas pembelian obligasi dengan jangka waktu antara 10 dan 25 tahun menjadi ...

Dollar Rallies on Upbeat U.S. Economic Data...
Friday, 19 April 2019 03:04 WIB

Dolar AS melonjak terhadap para pesaingnya pada Kamis karena sebagian besar data ekonomi optimis menunjukkan kekuatan di ekonomi yang mendasarinya Indeks dolar AS, yang mengukur greenback terhadap se...

Dollar steady near 2-week high in quiet Good Friday trading

The U.S. dollar is holding near a two-week high on Friday, on what should be a quiet session for currencies with most other major U.S. and global exchanges closed for the observance of Good Friday. The ICE Dollar Index, a measure of the...

Housing starts decline 0.3% in March vs +6.5% expected

According to the data published by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, housing starts in March declined by 0.3% and came below the market expectation for a growth of 6.5%. Nevertheless, the US Dollar...

Russian Ambassador in Caracas Rejects Monroe Doctrine Revival

As Venezuela's reliance on Russia grows amid the country's unfolding crisis, Vladimir Putin's point man in Caracas is pushing back on the U.S. revival of a doctrine used for generations to justify military interventions in the region. In a rare...

Russian Ambassador in Caracas Rejects Monroe Doctrine Revival
Friday, 19 April 2019 19:37 WIB

As Venezuela's reliance on Russia grows amid the country's unfolding crisis, Vladimir Putin's point man in Caracas is pushing back on the U.S....

Tokyo Shares End Higher as Nintendo Soars on China Report
Friday, 19 April 2019 13:26 WIB

Tokyo stocks closed higher Friday following healthy gains on Wall Street, with Nintendo jumping more than 14 percent following reports its games and...

Nikkei buoyed by cyclical stocks; Nintendo jumps 16 pct
Friday, 19 April 2019 10:26 WIB

Japan's Nikkei rose on Friday morning as Wall Street gains raised risk appetite and lifted cyclical stocks, while Nintendo jumped after Tencent won...

Shanghai Composite Little Changed; China Life Leads
Friday, 19 April 2019 10:10 WIB

The Shanghai Composite Index is advancing slightly to 3,253.09 in Shanghai in early trading. China Life Insurance Co. contributed the most to the...