Dollar hits 2018 high amid Iran pact worry; crude slumps

Dollar hits 2018 high amid Iran pact worry; crude slumps

Dollar hits 2018 high amid Iran pact worry; crude slumps

US dollar and Euro bank notes are photographed in Frankfurt, Germany, in this illustration picture taken May 7, 2017.

Trump's decision to exit the accord was most keenly felt in oil markets, where prices rallied.

The euro changed hands 0.3 percent lower at $1.1927, not far from Friday's four-month low of $1.1910.

Analysts said the three-week long rally for the US currency, in which it has reversed several months of weakness, showed little sign of abating. "There might have been a bit of safe haven flows but overall it's to do with the USA holding a favourable cyclical position".

"The interest rate differentials are clearly pointing towards a stronger dollar", she said, citing expectations the European Central Bank and the Bank of England now look less likely to raise rates as soon as had been expected.

Forecasts for rising rates in the euro zone, by contrast, are being pushed back. While Friday's US payrolls data came in mixed, underlying strength in the labour market backed expectations of steady rate increases by the Federal Reserve.

Worries about political uncertainty in Italy, which faces fresh elections, is also weighing on the single currency.

The dollar dipped was flat at 109.090 yen after going as high as 109.400 overnight.

WWE 205 Live Results for May 8, 2018
Multiple forearms by Ali, Murphy with a combo of attacks, ends up on the apron and Ali hits a sick looking DDT, cover, two-count. He tries for a powerbomb, but Ali sends him to the floor, two dropkicks, Ali over the top rope and lands on his feet.

An employee of a bank counts United States dollar notes at a branch in Hanoi, Vietnam May 16, 2016.

The index measuring the dollar against a basket of currencies rose 0.2 percent to 92.749, not far from the 92.9 level - a 2018 high - it hit on Friday. So far this year the Peso has lost 15/16% of its value.

U.S. President Donald Trump said he would announce a decision on Tuesday about the future of an global nuclear agreement with Iran, which he has repeatedly threatened to withdraw from.

Against the yen, the dollar rose 0.6 percent to 109.74.

And persistent concerns over rising USA interest rates kept up the relentless sell-off in Latin American currencies overnight, with the Mexican, Chilean and Argentine pesos all falling more than 1 percent, while the Brazilian real lost0.84 percent.

The euro was 0.25 per cent higher at ¥129.800 after plumbing a six-week low of 129.240 on Tuesday.

Among commodity-linked currencies, the Australian dollar fell 1 percent to $0.7441 after touching an 11-month low.

Pressured by the dollar's broad strength, the Aussie has weakened despite an upbeat budget from the country's government.

Noticias recomendadas

  • Consumo privado crece menos de lo esperado en Febrero: Citibanamex

    Consumo privado crece menos de lo esperado en Febrero: Citibanamex

    Durante el primer bimestre de 2018 y con cifras originales, el Indicador Mensual del Consumo Privado en el Mercado Interior aumentó 2.6% respecto al mismo periodo del año pasado.
    Philips Hue 3.0 update adds new customizations and a simpler app

    Philips Hue 3.0 update adds new customizations and a simpler app

    Sometimes you just wanna get home, pop open the app, choose a relaxing scene and unwind, not thinking about it one iota. When it comes to smart lighting systems, none are as easy to install as the Philips Hue line-up of products.
    Passengers evacuate Delta Airlines jet after landing in Denver

    Passengers evacuate Delta Airlines jet after landing in Denver

    One person was transferred to the UCHealth University of Colorado Hospital, the Post reported, citing an airport spokesperson. AJ Davidson, who said he was on the plane, told 9NEWS as soon as the plane landed it began to fill with smoke.
  • WWE reveals why Rousey missed RAW last night

    Hopefully, this is just a one-off and she'll be back in the WWE next week, but that remains to be seen. Some fans have asked about Ronda Rousey since she was not at Raw this week.
    Vodafone nears deal to buy Liberty Global European assets

    Vodafone nears deal to buy Liberty Global European assets

    Vodafone said it "looks forward to bringing together the leading talent in the sector in all four countries". Vodafone was not available for comment.
    Cavs' Hood apologizes for refusing to enter Game 4

    Cavs' Hood apologizes for refusing to enter Game 4

    Lue said he met with the 25-year-old Hood in the days leading up to Game 4 and had a "good talk" about his role on the team. Since arriving in Cleveland in February, Hood has been shuffled in and out of the starting lineup by head coach Tyronn Lue.
  • Statement of Commissioner Michael S. Piwowar

    Statement of Commissioner Michael S. Piwowar

    Piwowar's term is set to expire on June 5, but commissioners can stay on for 18 months after their term expires. Piwowar served as acting SEC chairman from Trump's inauguration through Clayton's swearing-in last May.
    Brain Cholesterol May Increase Alzheimer's Disease Risk

    Brain Cholesterol May Increase Alzheimer's Disease Risk

    Over recent years, there has been divisive and inconclusive research regarding the effect of cholesterol-lowering statins on cognitive function.
    Viavi Solutions Inc (VIAV) Shares Reduced by Metropolitan Life Insurance Co. NY

    Viavi Solutions Inc (VIAV) Shares Reduced by Metropolitan Life Insurance Co. NY

    In other news, CFO Amar Maletira sold 15,299 shares of the company's stock in a transaction that occurred on Friday, March 16th. This figure is launch by taking the postscript price and multiplying it by the total number of shares outstanding.
  • Thompson Investment Management Inc. Has $6.83 Million Holdings in Viacom Inc (VIAB)

    Wall Street Access Asset Management LLC purchased a new position in shares of Viacom during the 4th quarter valued at $212,000. Viacom accounts for 1.3% of Thompson Investment Management Inc.'s portfolio, making the stock its 22nd biggest holding.

    S&P says budget position has improved

    Ratings agency Moody's also greeted cautiously the better than expected move along the path of fiscal consolidation. If its underlying assumptions hold, the budget is a positive step in improving the fiscal outlook.
    Profit pressure continues at Hain Celestial

    Profit pressure continues at Hain Celestial

    South Texas Money Management Ltd increased Vodafone Group Plc New (VOD) stake by 2.53% reported in 2017Q4 SEC filing. Hussman Strategic Advisors Inc acquired 25,000 shares as Hain Celestial Group Inc (HAIN)'s stock declined 23.03%.

Nos complace brindar esta oportunidad para compartir información, experiencias y observaciones sobre lo que está en las noticias.
Algunos de los comentarios se pueden reimprimir en otras partes del sitio o en el periódico.
Gracias por tomarse el tiempo para ofrecer sus pensamientos.