Friday, July 1, 2022 11:13:26 AM - Markets open
VN-INDEX 1,181.55 -16.05/-1.34%
HNX-INDEX 271.79 -5.89/-2.12%
UPCOM-INDEX 86.99 -1.59/-1.79%
Dollar index edges up, but poised for losing month
Reuters - 4/28/2017 8:57:21 AM
 (0 ratings. You must sign in to rate.)
The dollar edged up in Asian trading on Friday but was on track for a losing month against a basket of currencies, while the euro shed some of its monthly gains after the European Central Bank maintained its easing bias.

The dollar index, which tracks the greenback against a basket of six major rivals, edged up 0.1 percent to 99.193 .DXY, but down 0.8 percent for the week and 1.2 percent for April.

The euro was down 0.1 percent at $1.0865 EUR=, but up 1.3 percent for the week and 2 percent for the month.

ECB chief Mario Draghi said on Thursday after the central bank's policy meeting that removal of the bank's easing bias was not discussed, stressing the barriers the ECB still faces before beginning to tighten its ultra-loose financing conditions.

However, he also said that euro zone's recovery was increasingly solid and downside risks had diminished.

Against its Japanese counterpart, the dollar was steady on the day at 111.30 yen JPY=, up 2 percent for the week but still down 0.1 percent for the month.

"The Japanese Golden Week holidays are ahead, and investors have already adjusted their positions," said Kaneo Ogino, director at foreign exchange research firm Global-info Co in Tokyo.

Tokyo markets will be closed for three days from May 3 for a string of holidays known as the Golden Week, and some market participants take additional time off.

"Because of the holidays, we're not seeing the usual Japanese profit-taking or exporter selling on the dollar's rise, though some investors are still hoping for a chance to buy the dollar on dips," Ogino said.

On Thursday, the BOJ kept monetary policy unchanged as expected, but offered its most optimistic assessment of the economy in nine years, signaling its confidence that a pick-up in overseas demand will help sustain an export-driven recovery.

Japanese economic data released early in the session showed Japan's core consumer prices rose at a slower than expected pace in March from a year earlier, government data showed on Friday, but posted their third straight month of increase, driven by rising energy costs.

The dollar was steady against the Swedish crown at 8.8422 crowns per dollar SEK=, having jumped on Thursday after Sweden's Riksbank extended its bond-buying and predicted its first interest rate hike in mid-2018, later than previously projected.

Newer News
23/03 Policymakers fear high inflation and unemployment
17/03 Current global inflation a worrisome situation
26/01 ASEAN+3 economic prospects positive in 2022
30/12 Cryptocurrency continues to be attractive investment channel next year
13/08 Biden, Harris vow to 'rebuild' America post-Trump
05/01 Game-changing strategy for smart manufacturers
25/11 G7 wrestles with Iran, Amazon fires and trade, but own unity shaky
01/08 US Fed cuts key interest rate to 'insure' against global uncertainties
13/06 World Bank offers new credit to develop urban centres
27/05 Trump becomes first foreign leader to meet Japan's new emperor
Older News
28/04 Oil prices face second weekly loss as oversupply lingers
28/04 Asian stocks tick up, euro subdued as ECB maintains easing bias
26/04 Oil falls on bulging U.S. crude inventories, record global supplies
26/04 Asian stocks hover near two-year highs on U.S. optimism, euro steady
25/04 Euro pauses after rally, Canadian dollar hit by U.S. duties on lumber
25/04 Asia stocks, euro steady as markets pause for breath after French election
21/04 Oil markets remain cautious on record supplies
21/04 Asian stocks climb, euro surrenders gains as French election jitters return
20/04 Dollar edges away from recent lows with French vote in focus
20/04 Oil prices claw back ground after sharp drop, buoyed by U.S. crude stock dip
Newsletter Signup
Top Stories
Vietnam’s CPI up 2.44% in six months
HPG: Hoa Phat wants to invest big in two infrastructure projects
Legal framework for securities, corporate bond investment, business strengthened: SBV Governor
Steel prices cool down as input costs drop
Why the stock market sell-off when VN’s economy is strong?
Market Update
Last updated at 11:05:00 AM
VN-INDEX 1,181.55 -16.05/-1.34%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.