Arab Today, arab today dollar rises as asian markets tread water
Last Updated : GMT 21:17:01
Arab Today, arab today
Arab Today, arab today

Dollar rises as Asian markets tread water

Arab Today, arab today

Arab Today, arab today Dollar rises as Asian markets tread water

Share prices board in Tokyo
Hong Kong - AFP

The dollar ticked higher against the yen in Asian trade Thursday as investors position for an expected US rate hike, pushing Japanese stocks higher while most other regional markets were mixed.

The euro got a lift after Greece took another step closer to securing a bailout, while Shanghai extended its latest rally to a sixth day as mainland markets slowly recover from a month-long plunge that wiped trillions off valuations.

Tokyo rose 0.41 percent, Hong Kong added 0.25 percent and Shanghai gained 0.10 percent, while Seoul dipped 0.15 percent and Sydney was flat.

After Wednesday's losses, the greenback resumed its upward trajectory following a strong batch of housing data that reinforces expectations that the Federal Reserve will lift rates soon.

Official figures showed sales of existing homes in the US surged in June to their highest level in more than eight years and prices hit a record high.

"It's not determined yet whether the US rate hikes will be in September or December, but the housing data strengthens the case for a September hike a little," Mitsushige Akino, executive officer at Ichiyoshi Asset Management Co., told Bloomberg News.

In early Japanese trade the dollar bought 124.07 yen against 123.96 yen in New York.

The euro advanced after Greek lawmakers passed a second batch of tough austerity measures demanded by creditors to open up negotiations on a new bailout.

The single currency fetched $1.0943 and 135.77 yen, against $1.0926 and 135.44 yen.

Traders are awaiting a Fed policy meeting next week to find out what its plans are for monetary policy.

Despite the upbeat data, US stocks slid for a second day after disappointing earnings from Apple and Microsoft raised concerns about the current reporting season, denting the broader market.

The Dow fell 0.38 percent, the S&P 500 dropped 0.24 percent and the Nasdaq sank 0.70 percent.

A stronger dollar is also putting downward pressure on commodity prices.

Oil prices were mixed Thursday but continue to struggle after a US energy report showed stockpiles increasing, indicating soft demand, while the stronger dollar also makes it more expensive for buyers using weaker currencies.

US benchmark West Texas Intermediate for delivery in September was up eight cents to $49.27 and Brent crude for September fell six cents to $56.07 in morning Asian trade.

And gold was sitting at five-year lows, with the expected US rate hike attracting investors away from the safe-haven metal in search of better returns.

Bullion fetched $1,094.58 an ounce compared with $1,093.46 late Wednesday.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dollar rises as asian markets tread water Arab Today, arab today dollar rises as asian markets tread water

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dollar rises as asian markets tread water Arab Today, arab today dollar rises as asian markets tread water

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Malaysia Airlines picks new CEO

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 09:56 2017 Friday ,20 October

Privacy Groups Warn of Perils

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday