The dollar jumped dramatically versus its Japanese counterpart on Thursday after the conclusion of policy meetings held by the U.S. Federal Reserve and the Bank of Japan which delivered diverging monetary policies. The greenback shone and soared to the highest level in two months versus the Yen in Asian trading session on Thursday, sending the
Crude oil futures prices surged strongly to the highest level in nearly four months on Wednesday even after the release of U.S. data that showed domestic stockpiles rose more than expected last week. Contracts of West Texas Intermediate crude for November delivery advanced 1.8 percent to $50.79 a barrel, which is the strongest level since
U.S. shares continued to track its rally on Tuesday with the S&P 500 index heading for its sixth positive session of the past seven. Investors were awaiting the start of the U.S. Federal Reserve’s two-day meeting which is expected to provide hints on more rate hikes that may come later in this year and next.
Japanese Yen lost ground versus its American counterpart on Monday as demand for safe-haven assets retreated amid rising optimism that the U.S. would pursue a “peaceful pressure campaign” against North Korea’s nuclear threats. The pair USDJPY jumped more than 0.3 percent to trade at 111.16 yen per dollar in Asian trading session on Monday, extending
U.S. shares shrugged off downbeat U.S. data that showed an unexpected drop in August domestic retail sales to close higher and reach fresh record high on Friday. At the close on Wall Street, the Dow Jones Industrial Average added nearly 0.3 percent to close at 22,268.34 points, the S&P 500 rose 0.18 percent to end