09 September 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
- Dollar firm on cautious risk mood, euro looks to key ECB decision
- Asian shares on edge in choppy trading, dollar holds gains
- Oil settles up 1% on low U.S. output after hurricane
The dollar was supported on Thursday by cautious risk sentiment stemming in part from worries about the Delta variant while the euro looked to the European Central Bank policy decision later in the day.
The dollar index stood at 92.712, having risen for the third consecutive day on Wednesday as U.S. stocks stepped back with their high valuation undermined by doubts about the strength of the economic recovery.
The Euro common currency slipped to $1.1819, extending its retreat from Friday’s two-month high of $1.1909. Sterling likewise eased to $1.3773 after having peaked at $1.38905. The yen was little moved at 110.24 to the dollar while the Australian dollar slipped to $0.7368.
Asian shares hovered just off six-week highs on Wednesday, as a more risk-averse mood spread into the market from the United States overnight due to worries about slowing growth that hurt equities while helping the dollar firm.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.13% having posted gains, if sometimes small, for 11 of the last 12 sessions. Japan’s Nikkei reversed early losses and was last 0.42% higher after revised gross domestic product growth figures beat expectations for the world’s third-biggest economy.
Most other moves were muted in early trading. Australia slipped 0.32%, Chinese blue chips fell 0.04%, and the Hong Kong benchmark gained 0.12%. The Dow Jones Industrial Average and S&P 500 fell 0.76% and 0.34% while the Nasdaq Composite climbed 0.07% to another record close
Oil prices jumped on Wednesday and settled up more than 1% as U.S. Gulf of Mexico producers made slow progress in restoring output after Hurricane Ida.
Brent settled up 91 cents, or 1.3%, at $72.60 and U.S. West Texas Intermediate (WTI) crude settled up 95 cents, or 1.4%, to $69.30 a barrel.
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