14 June 2021
World Markets at a glance for Currency, Equity, Commodity, Bonds, Crypto Currency, Financial News & Major Economic Events.
- Dollar little changed as traders seek direction from Fed meeting
- World stocks near record high as investors await dovish Fed act
- Oil holds near multi-year highs amid demand recovery
The U.S. dollar held steady against major currencies on Monday, after posting its biggest weekly gain in more than a month, as traders closed short positions ahead of a Federal Reserve policy meeting this week.
The greenback was trading little changed at $1.21075 against the euro in Asia, after touching an almost one-month top of $1.2093 in the previous session, amid caution ahead of the Fed meeting that runs two days to Wednesday. The Japanese yen was at 109.715, after weakening to 109.840 on Friday for the first time since June 4.
The dollar index, which measures the U.S. currency against six rivals, was mostly flat at 90.510 from as high as 90.612 on Friday. It finished last week with a 0.4% advance.
Global shares held firm near record highs on Monday while U.S. bond yields flirted with three-month lows as investors expect the Federal Reserve to stick to its dovish mantra later this week.
Japan’s Nikkei rose 0.35% while MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.1%. Activity was limited with the region’s largest markets – China, Hong Kong and Australia – closed for a holiday. Topix index gained 0.16%. South Korea’s Kospi dipped fractionally. MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.13% lower.
Oil prices held near multi-year highs on Monday, underpinned by an improved outlook for demand as increased COVID-19 vaccinations help lift travel curbs.
Brent crude was up 14 cents, or 0.2%, at $72.83 . It rose 1.1% last week and hit the highest since May 2019 of $73.09 on Friday. U.S. West Texas Intermediate was also up 14 cents, or 0.2%, at $71.05 a barrel, after reaching the highest since October 2018 at $71.24 on Friday and rising 1.9% on the week.
Subscribe to our Newsletter
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.