14 September 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
- Dollar holds tight range as investors await U.S. inflation data
- Asia shares mixed, dollar steady ahead of U.S. inflation
- Oil extends gains on worries of U.S. supply disruptions from another storm
The dollar was little changed against other major currencies on Tuesday as investors looked to U.S. inflation data later in the session for clues on the timing of policy tightening by the Federal Reserve.
The dollar index stood at 92.622, having retreated from a two-week high of 92.887 hit earlier on Monday while the euro changed hands at $1.18105, having bounced back from Monday’s low of $1.17705, its lowest since Aug. 27. The yen eased slightly to 110.005 yen to the dollar but stayed in its familiar territory over the past few weeks around 110. Risk-sensitive currencies were little moved for now, with sterling at $1.3836 and the Australian dollar at $0.7362.
Asia’s share markets were mixed and the dollar held steady on Tuesday, with investors awaiting U.S inflation data for more clues on when the Federal Reserve will taper stimulus.
MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.13%. Australia’s S&P/ASX200 fell 0.31% to 7,400.8, while Hong Kong’s Hang Seng Index dipped into negative territory. China’s blue-chip CSI300 index was down 0.2% and Tokyo’s Nikkei traded 0.72% higher.
On Wall Street, the Dow Jones Industrial Average rose 261.91 points, or 0.76%, to 34,869.63, the S&P 500 gained 10.15 points, or 0.23%, to 4,468.73 and the Nasdaq Composite dropped 9.91 points, or 0.07%, to 15,105.58.
Oil prices extended gains on Tuesday, hovering near a six-week high, on signs another storm could affect output in Texas this week even as the U.S. industry struggles to return production after Hurricane Ida wreaked havoc on the Gulf Coast.
Brent crude rose 15 cents, or 0.2% to $73.66 a barrel , having gained 0.8% the previous day. U.S. West Texas Intermediate (WTI) crude also climbed 23 cents, or 0.3%, to $70.68 a barrel, after rising 1.1% on Monday.
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Disclaimer : All information in this report is collected from various sites on internet. Although we have taken all precautions for correct representation of data however we do not take any responsibility for any errors and omissions. The technical analysis and views expressed is authors own views. We are not responsible for any losses on account of following the same.