Dollar Falls on Prospect of Weak Data
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The dollar struggled to claw back steep losses on Friday and was on track for a weekly fall, as investors awaited a backlog of U.S. data following the government's reopening, which they expect will likely point to a weakening economy.
The US dollar index is hovering near 99.50, as the market braced for the final chapter of the US government shutdown saga.
Treasury futures jumped and a gauge of the dollar slid after employment numbers from ADP Research pointed to a slowing US labor market.
The U.S. dollar weakened against the euro and yen on Tuesday on concerns about the deteriorating U.S. labor market after a report showed that private employers cut jobs last month.
According to Oxfam South Africa's Amir Bagherioromi, many respondents recognise that the country's extreme inequality poses a growing risk and are willing to contribute more toward the greater good.
Siemens AG expects adverse currency movements to weigh on its results as the engineering company cuts its stake in MRI maker Siemens Healthineers AG to focus on growth in software.
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Russian oil firm’s multibillion-dollar assets overseas at risk as US sanctions begin to bite
The Iraqi government says it can no longer work with Russian oil company Lukoil – which has a huge stake in the country’s oil fields – because of recently imposed US sanctions against the company.
After rallying to $4,368 in October — its highest in months — gold saw a mild pullback to below $4,000 by the end of the month, partly due to a 1.4% rise in the US dollar. Despite this correction, analysts at Emkay believe the long-term trend remains upward,