Asian Market:
Hang Seng 24239 (-0.30)
Shanghai 3270 (-0.07%)
Australia ASX 5923.8 (+0.76%)
Nikkei 225 18365 (-1.01%)
Taiwan TSEC 9851 (+0.37%)
CRB 188.90 (-0.61%)
Gold COMEX $1288 (0.84%)
Silver COMEX $18.50 (0.20%)
WTI Crude $52.95 (-0.16%)
BRENT Crude $55.72 (-0.14%)
Dollar Index 100.13 (-0.65)
EURINR 1.066 (0.01%)
USDJPY 108.78 (-0.25%)
GBPUSD 1.2557 (+0.14%)
Economic Activity
US Dollar Update: U.S Dollar against major basket of currency fell more than 0.50% ($100.13) overnight on the back of comments from U.S President Donald Trump, stated that he favored weaker currency and low interest rate policy, as global investors seek out higher-yielding alternatives. As per CFTC data, Hedge funds and other speculative investors have pared bullish dollar positions to a net $US16 billion, compared with $US26 billion at the start of the year, according to Commodity Futures Trading Commission data. Investors struggling to predict the administration’s path on economic and financial matters
(Bullion will open higher while energy slightly down)
More will update soon!!
