U.S. Dollar Falls Amid Risk Appetite
24 Noviembre 2024 - 8:29PM
RTTF2
The U.S. dollar weakened against other major currencies in the
Asian session on Monday amid risk appetite, following the broadly
positive cues from Wall Street on Friday, boosted by strong gains
in markets in Japan, Indonesia and South Korea as traders remain
optimistic about a 25-basis point rate cut by the U.S. Fed in
December after data showing consumer sentiment in the U.S. improved
less than expected in November.
Traders also looked ahead to the release of key U.S. economic
data later in the week, including readings on consumer price
inflation preferred by the Fed.
Gains across most sectors led by mining, energy and technology
stocks, also led to the upturn of the investor sentiment.
Crude oil prices climbed higher amid rising concerns about
Russia/Ukraine conflict. West Texas Intermediate Crude oil futures
for January closed up $1.14 or 1.6 percent at $71.24 a barrel. WTI
crude futures gained 6.5 percent in the week.
In the Asian trading today, the U.S. dollar fell to a 6-day low
of 153.55 against the yen, a 5-day low of 1.2607 against the pound
and a 4-day low of 0.5867 against the NZ dollar, from Friday's
closing quotes of 154.74, 1.2531 and 0.5833, respectively. If the
greenback extends its downtrend, it is likely to find support
around 151.00 against the yen, 1.29 against the pound and 0.60
against the kiwi.
Against the euro and the Swiss franc, the greenback edged down
to 1.0490 and 0.8892 from last week's closing quotes of 1.0417 and
0.8937, respectively. The greenback may test support near 1.08
against the euro and 0.87 against the franc.
Against the Australia and the Canadian dollars, the greenback
dropped to near 2-week lows of 0.6551 and 1.3928 from last week's
closing quotes and 0.6501 and 1.3980, respectively. On the
downside, 0.66 against the aussie and 1.37 against the loonie are
seen as the next support levels for the greenback.
Looking ahead, German Ifo business climate index for November is
due to be released in the European session at 4:00 am ET.
In the New York session, U.S. Dallas Fed manufacturing index for
November is slated for release.
US Dollar vs Yen (FX:USDJPY)
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De Oct 2024 a Nov 2024
US Dollar vs Yen (FX:USDJPY)
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