dollar slides on trump concern but stocks rise
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Dollar slides on Trump concern, but stocks rise

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Dollar slides on Trump concern, but stocks rise

The dollar fell against a basket of currencies and was down about 2.1 per cent for the week, its largest weekly drop since April 2016.
Abu Dhabi - Emirates Voice

The US dollar fell on Friday and was set to close its worst week in more than a year, with losses steepening after reports an investigation into possible collusion between Russia and Donald Trump's presidential campaign now include a person close to the president.

Stocks pared gains on Wall Street and Treasury yields hit session lows after the report from the Washington Post. Separately, the New York Times reported more details on Trump's recent meeting with Russian diplomats in the Oval Office. It was the most eventful week of the year so far for financial markets, with many major equity markets scaling record highs and then plunging mid-week in one of the sharpest cross-asset routs in years.

Stocks on Wall Street pared gains of as much as one per cent on the S&P 500. The Friday reports out of Washington came after European markets had closed.

"I'm sure some of [the move in markets] is related to that, and the fact that Trump is going to be out of the country and nobody's quite sure what he's going to do," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. "We've got two days now to wring our hands about what might happen," he said, adding that the stock market didn't seem too concerned at this point.

The Dow Jones Industrial Average rose 141.82 points, or 0.69 per cent, to 20,804.84, the S&P 500 gained 16.01 points, or 0.68 per cent, to 2,381.73 and the Nasdaq Composite added 28.57 points, or 0.47 per cent, to 6,083.70. The three major indexes fell for the week.

The pan-European FTSEurofirst 300 index rose 0.55 per cent and MSCI's gauge of stocks across the globe gained 0.73 per cent.

Emerging market stocks rose 0.74 per cent.

Emerging markets have been grappling with an unfolding corruption scandal in Brazil that threatens to engulf its president, Michel Temer.

The US dollar fell 0.8 per cent against a basket of currencies and was down about 2.1 per cent for the week, its largest weekly drop since April 2016. Besides worries surrounding Trump, the US currency has suffered from a resurgent euro, which has gained more than two per cent last week.

Safe-haven gold posted its best week in five as the dollar softened. Spot gold added 0.7 per cent to $1,255.37 an ounce. US gold futures gained 0.20 per cent to $1,255.30 an ounce.

Source: Khaleej Times

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

dollar slides on trump concern but stocks rise dollar slides on trump concern but stocks rise

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

dollar slides on trump concern but stocks rise dollar slides on trump concern but stocks rise

 



GMT 05:06 2024 Tuesday ,06 February

New hunt for flight MH370 gets under way

GMT 06:15 2018 Tuesday ,23 January

Volkswagen clinches record sales

GMT 20:35 2014 Monday ,08 December

CFP crucial for refining industry in Kuwait

GMT 13:25 2011 Tuesday ,13 December

Latest Call Of Duty Breaks $1bn Sales Record

GMT 06:47 2017 Sunday ,12 February

Fresh whale stranding on notorious New Zealand beach

GMT 10:48 2017 Sunday ,19 November

Industry minister receives Turkish ambassador

GMT 12:35 2015 Saturday ,06 June

Bindi Irwin is all grown up in new Instagram photo

GMT 14:08 2012 Tuesday ,28 August

600 Afghan soldiers killed over last 2 months

GMT 05:27 2011 Wednesday ,21 September

Facebook revenue estimated at $4.27 billion

GMT 20:06 2017 Wednesday ,22 February

Senior Yemeni general killed in Houthi missile attack

GMT 23:18 2016 Sunday ,12 June

Daesh kills 18 civilians trying

GMT 00:47 2017 Tuesday ,10 January

6 policemen killed, 9 injured in Arish attack

GMT 21:54 2017 Thursday ,15 June

Pleasant weather forecast

GMT 16:39 2017 Thursday ,17 August

Maria Sharapova granted wild-card entry

GMT 12:33 2012 Friday ,24 February

10 signs your spouse may be planning to divorce you

GMT 17:32 2017 Tuesday ,25 July

King leading diplomacy to safeguard Jerusalem

GMT 06:58 2012 Sunday ,12 February

Malaysia deports Saudi journalist
Emiratesvoice, emirates voice
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice