The dollar held firm on Monday after data showed surprise strength in the U.S. jobs market, but the currency was restrained from moving higher by worries about an escalation in the U.S.-China trade war.
The dollar index stood almost flat at 97.704 in early Asian trade on Monday, after rising 0.3% on Friday.
The euro traded at $1.10575 , after hitting a one-week low of $1.10395 on Friday.
The dollar changed hands at 108.57 yen . It had lifted to 108.92 yen on the U.S. jobs data before losing...
Gold held a decline after a better-than-expected U.S. payrolls report on Friday led to a surge in equities, damping demand for haven assets.
Job gains roared back in November and wages topped estimates, giving the Federal Reserve more reason to hold interest rates steady after three straight cuts. Payrolls jumped 266,000 last month, the most since January, according to a government report that topped all forecasts in a Bloomberg survey.
In focus this week are the Fed™s and...
Tokyo stocks opened higher on Monday extending rallies on Wall Street after strong jobs data, as investors closely watched key events this week including central bank meetings and the UK elections.
The benchmark Nikkei 225 index climbed 0.34 per cent or 79.11 points to 23,433.51 in early trade, while the broader Topix index was up 0.36 per cent or 6.11 points at 1,719.47.
Source : AFP
Oil retreated from a 12-week high as optimism spurred by Saudi Arabia's surprise output cut was overshadowed by demand concerns.
West Texas Intermediate for January delivery fell 28 cents, or 0.5%, to $58.92 a barrel on the New York Mercantile Exchange as of 9:47 a.m. in Singapore. The contract closed at $59.20 on Friday, the highest since Sept. 17. It climbed 7.3% last week, the most since mid-June.
Brent for February settlement dropped 23 cents, or 0.4%, to $64.16 a barrel on the...
Hong Kong stocks edged up at the start of business on Monday following a blockbuster US jobs report and on lingering hopes for the China-US trade talks.
The Hang Seng index added 0.06 per cent, or 15.60 points, to 26,513.97.
The benchmark Shanghai Composite Index added 0.08 per cent, or 2.45 points, to 2,914.46 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.23 per cent, or 3.83 points, to 1,644.16.
Source : AFP