PT Solid Gold Berjangka | Dollar Slips on Bets US Rates Have Peaked

01:51 27 November in Commodity, PT SGB, SOLID GOLD BERJANGKA | SOLID GROUP


Solid Gold Berjangka | The dollar slipped against a basket of currencies on Friday on news of steady U.S. business activity in November, but private sector employment declined in line with expectations for a fourth-quarter economic slowdown.

Currencies traded in a relatively narrow range with U.S. markets closing early the day after the U.S. Thanksgiving holiday.

The dollar index , which measures the U.S. currency with six peers, eased 0.4 % to 103.35 , staying close to the 2-1/2 month low of 103.17 touched earlier this week. For the week, the index was down 0.5%, after slipping 1.9% last week.

The index is on course for its weakest monthly performance in a year on growing expectations the Federal Reserve is done with raising interest rates and could start cutting them next year.

Elsewhere, the Japanese yen was about flat against the dollar at 149.45, after strengthening on news that Japan’s core consumer price growth picked up slightly in October.

The data reinforced investors’ views that stubborn inflation may push the BOJ to roll back monetary stimulus before long.

The euro was 0.39 % higher at $ 1.0946 after data confirmed an initial estimate published in late October that showed Germany’s economy shrank slightly in the third quarter from the previous three months.

German business morale improved for a third straight month in November, data showed.

The single currency is pausing after gaining ground on Thursday on a series of preliminary surveys showing recession in Germany may be shallower than expected, which offset a downbeat reading on French business activity.

Sterling rose 0.57 % to its highest since early September after data on Thursday showed British companies returned to growth in November, fuelling hopes Britain will avoid a recession.

Source : Reuters,PT SGB, Solid Gold Berjangka, SG Berjangka, Solid Group