Dollar strong, stocks creep higher as second Trump term dawns
SINGAPORE - The dollar was firm and Asia's stock markets were cautiously positive on Monday as investors waited for an expected flurry of policy announcements in the first hours of Donald Trump's second presidency and eyed a rate hike in Japan at the end of the week.
Monday is a U.S. holiday, so the first responses to his inauguration in traditional financial markets may be felt in foreign exchange, where traders are focused on Trump's tariff policies, and then in Asian trade on Tuesday. "A forceful start to Trump's new term could rattle nerves and give the dollar more support," said Corpay currency strategist Peter Dragicevich.
The Canadian dollar touched a five-year low of C$1.4486 per dollar on Monday. The Mexican peso hit a 2-1/2 year low of 20.94 per dollar on Friday. "That relationship between the two gentlemen has become very important as a leading indicator of policies."
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
Global hunger crisis deepens as major nations skimp on aidHumanitarian organisations also are watching to see what Trump proposes after he begins second term
مزید پڑھ »
Behind the Gaza deal: a US odd couple and last-minute snagsVeteran diplomat McGurk has served in a number of administrations, including in Trump's first term
مزید پڑھ »
Oil eases from near three-month highs amid strong dollar ahead of economic dataUS WTI crude was down 19 cents at $73.77 after closing on Friday at its highest since Oct. 11
مزید پڑھ »
Strong Economy Is Essential For Strong Defence: Air ChiefPassing out parade of 122 Midshipmen and 30th Short Service Commission Course was held at Pakistan Naval Academy in Karachi. 79 officers, 50 Midshipmen, and 29 SSC Course Officers Passed Out on the occasion. The Air Chief gave prizes to the passing out officers. Air Chief Marshal Zaheer Ahmed Baber Sidhu attended the parade as Chief Guest.
مزید پڑھ »
Shares muddled in Asia, Canadian dollar up on Trudeau reportsSouth Korean stocks rallied 1.6%, though the fate of President Yoon Suk Yeol seems no clearer
مزید پڑھ »
Stocks upward mobility continues as KSE-100 index crosses 115k barrierStocks upward mobility continues as KSE-100 index crosses 115k barrier
مزید پڑھ »