Central European currencies
were hovering close to recent levels in thin trade on Friday as
investors eyed a weakening dollar and worries over European
Union funding in Hungary in a market that ...
The U.S. dollar hovered near a three-month low on Friday and was headed for a weekly loss, as the prospect of the Federal Reserve slowing monetary policy tightening as soon as December preoccupied investors. The euro edged up after the GfK institute survey showed German consumer sentiment is expected to stabilise next month with the help of energy measures.
Prices of copper edged up on Friday, supported by a weaker U.S. dollar, though they were set to end the week little changed as investors weighed up tight market fundamentals against China's COVID-19 outbreaks. Three-month copper on the London Metal Exchange was up 0.4% at $8,075 a tonne by 0728 GMT, and barely changed from the $8,036-a-tonne closing price last Friday.
The Russian rouble strengthened on Friday, trading in a narrow range between 60 and 61 to the dollar as it has for much of the week, supported by exporters buying roubles to cover month-end tax payments. At 0710 GMT, the rouble was 0.3% stronger against the dollar at 60.50 and had gained 0.5% to trade at 62.90 versus the euro.
The Russian rouble strengthened on Friday, trading in a narrow range between 60 and 61 to the dollar as it has for much of the week, supported by exporters buying roubles to cover month-end tax payments. At 0710 GMT, the rouble was 0.3% stronger against the dollar at 60.50 and had gained 0.5% to trade at 62.90 versus the euro.
The U.S. dollar stood close to a three-month low and was headed for a weekly loss on Friday, as the prospect of the Federal Reserve slowing monetary policy tightening as soon as December preoccupied investors and kept the mood buoyant. Trading was thin overnight due to the Thanksgiving holiday in the United States, though a softer dollar remained in focus.
U.S. long-term Treasury yields sank to a more than seven-week trough on Friday while the dollar dropped back toward recent lows against major peers as markets continued to digest dovish signals from the Federal Reserve.
China's yuan weakened on
Friday, as a continuous surge in Covid cases has rekindled
traders' concern about the slowing economy, and doubts about
whether more monetary easing policies could ...
The Nasdaq closed Friday's shorter session lower with pressure from Apple Inc (AAPL), while the dollar gained as investors shied away from risk as they worried about consumer spending and monitored China's reaction to a resurgence of COVID cases.
Prices of copper climbed on Friday, supported by a weaker dollar, while its gains were limited by six-year high treatment and refining charges that reflected an expected oversupply of copper concentrate.
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