Thursday, 13 May 2021 04:30 PM MYT
Market attention now turns to US weekly jobless claims due at 1230 GMT and retail sales numbers on Friday for guidance on whether upward pressure on prices will persist. The Australian dollar, which is seen as a proxy for risk appetite, was down 0.3 per cent at 0.77055 versus the dollar, extending losses after having its biggest daily drop since March on Wednesday.
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Dollar near 2-1/2-month lows as commodity gains stoke inflation worries | Malay MailLONDON, May 11 — Resource-oriented currencies including the Canadian dollar and the Aussie consolidated gains today, as a rally in commodity prices boosted their appeal, while the greenback held near multi-month lows on growing concerns about price pressures. Soaring commodity prices have sent...
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Fed rhetoric restrains dollar as traders eye inflation | Malay MailSINGAPORE, May 12 — The US dollar hovered near its lowest levels of the year today as traders hung on to bets that the Federal Reserve would remain steadfast in its easy policy settings ahead of data expected to show a sharp rise in annual US inflation. Analysts forecast figures due at 1230 GMT...
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Dollar near 2-1/2-month lows as commodity gains stoke inflation worries | Malay MailLONDON, May 11 — Resource-oriented currencies including the Canadian dollar and the Aussie consolidated gains today, as a rally in commodity prices boosted their appeal, while the greenback held near multi-month lows on growing concerns about price pressures. Soaring commodity prices have sent...
Source: malaymail - 🏆 1. / 86 Read more »
Fed rhetoric restrains dollar as traders eye inflation | Malay MailSINGAPORE, May 12 — The US dollar hovered near its lowest levels of the year today as traders hung on to bets that the Federal Reserve would remain steadfast in its easy policy settings ahead of data expected to show a sharp rise in annual US inflation. Analysts forecast figures due at 1230 GMT...
Source: malaymail - 🏆 1. / 86 Read more »
European stocks steady after yesterday’s rout, eyes on US inflation data | Malay MailBRUSSELS, May 12 — European stocks steadied today after their worst selloff this year as strong earnings reports and signs of a speedy economic recovery offset concerns about a rapid rise in prices. The pan-European STOXX 600 index rose 0.2 per cent after falling almost 2 per cent on Tuesday as...
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