mardi 7 avril 2015
U.S. dollar rallies, eroding Wall Street gains
Posted on 14:22 by nice news
The U.S. dollar rose more than 1 percent on Tuesday, resuming a recent upward trend and weighing on Wall Street stocks as investors fretted the currency's strength would hurt multinational corporate profits.
U.S. equities had traded higher for much of the session but turned negative in the final hour of trading. European shares ended sharply higher, as did crude oil.
Recent market activity has favored risk assets, a move tied to Friday's weaker-than-expected U.S. payrolls report. While the data, along with other recent indicators, pointed to slowing U.S. growth, market participants viewed them positively, as they suggested the U.S. Federal Reserve would delay its first interest rate increase in nearly a decade.
The U.S. dollar index, which measures the greenback against a basket of currencies, rose 1.22 percent on Tuesday. Until recently, the dollar had rallied sharply on increased expectations for higher rates from the U.S. central bank, although those expectations have dimmed somewhat of late.
U.S. equities had traded higher for much of the session but turned negative in the final hour of trading. European shares ended sharply higher, as did crude oil.
Recent market activity has favored risk assets, a move tied to Friday's weaker-than-expected U.S. payrolls report. While the data, along with other recent indicators, pointed to slowing U.S. growth, market participants viewed them positively, as they suggested the U.S. Federal Reserve would delay its first interest rate increase in nearly a decade.
The U.S. dollar index, which measures the greenback against a basket of currencies, rose 1.22 percent on Tuesday. Until recently, the dollar had rallied sharply on increased expectations for higher rates from the U.S. central bank, although those expectations have dimmed somewhat of late.
U.S. dollar rallies, eroding Wall Street gains
Categories: eroding Wall Street gains, U.S. dollar rallies
Inscription à :
Publier les commentaires (Atom)
0 commentaires:
Enregistrer un commentaire