Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Indexes  >  USA  >  DJ Industrial    DJI


SummaryMost relevantAll NewsNews of the index componentsMarketScreener Strategies

Dollar recovers from more than two-year low as U.S. stocks slide

11/30/2020 | 03:26pm EST
FILE PHOTO: U.S. dollars are counted out by a banker at a bank in Westminster

NEW YORK (Reuters) - The dollar on Monday rebounded from its lowest level in 2-1/2 years, as broad risk sentiment soured again and shares on Wall Street fell, with investors disheartened by weakening U.S. economic data and the absence of any traction on another stimulus package.

Still, the greenback fell 2.3% in November, its largest monthly percentage loss since July.

In contrast, bitcoin on Monday hit an all-time high of $19,864.15 and was last up 5.7% at $19,235.96 .

"We're seeing further softening of U.S. economic data," said Edward Moya, senior market analyst at OANDA in New York. "And there hasn't been any sign that we're going to see Congress deliver a stimulus package any time soon."

Data on Monday showed contracts to buy U.S. previously-owned homes fell for a second straight month in October, with the Pending Home Sales Index, based on contracts signed last month, falling 1.1% to 128.9.

Other data showed activity at factories in the Midwest and Texas slowing this month, with the Chicago PMI falling to 58.2 in November from 61.1 in October, as a nationwide resurgence in new COVID-19 infections curbed new orders and disrupted production.

On the last day of the month, the dollar index rose 0.2% to 91.89. It fell in five of the last seven months.

"This is just a temporary boost for the dollar," said OANDA's Moya. "The longer-term trend is clearly going to be dollar weakness."

Market participants remained optimistic that U.S. President-elect Joe Biden's administration would pose few impediments to global growth, including possibly additional monetary policy support from the Federal Reserve. Both should reduce the dollar's safe-haven allure.

Biden on Monday unveiled his picks for several top economic positions, including former Fed Chair Janet Yellen as his nominee for Treasury secretary.

"The world is on the cusp of a major inflection point - a vaccine rollout and subsequent economic normalization - that we expect to prove positive for the currencies of exporters, select emerging markets, and producers of cyclical commodities, such as oil and base metals," UBS Global Wealth Management wrote in a research note on Monday.

The euro slipped 0.2% against the dollar to $1.1942, after earlier hitting a three-month high of $1.20. The European Central Bank signalled earlier this year it was carefully monitoring the euro-dollar exchange rate.

The single European currency posted its best monthly performance since July, gaining 2.6% in November.

The dollar rose 0.2% against the yen to 104.33 yen.

Graphic: G10 FX - https://fingfx.thomsonreuters.com/gfx/mkt/xklvybrxgpg/G10%20FX.JPG

The dollar was flat to slightly higher against the Chinese yuan in the offshore market, at 6.579 .

Monday's data showed China's manufacturing grew at its fastest pace in more than three years in November, while services sector growth hit a three-year high.

The offshore yuan had its longest streak of monthly gains in six years, boosted by China's economic recovery from the coronavirus and steady capital inflows.

(Reporting by Gertrude Chavez-Dreyfuss; Editing by Nick Zieminski and Paul Simao)

By Gertrude Chavez-Dreyfuss

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / JAPANESE YEN (AUD/JPY) 0.09% 80.276 Delayed Quote.0.36%
BITCOIN - EURO -3.23% 29254.19 Real-time Quote.26.41%
BRITISH POUND / JAPANESE YEN (GBP/JPY) -0.25% 141.465 Delayed Quote.-0.17%
CANADIAN DOLLAR / JAPANESE YEN (CAD/JPY) 0.33% 82.008 Delayed Quote.0.28%
DJ INDUSTRIAL 0.83% 31188.38 Delayed Quote.0.68%
EURO / JAPANESE YEN (EUR/JPY) -0.57% 125.432 Delayed Quote.-0.57%
EURO / US DOLLAR (EUR/USD) -0.24% 1.21123 Delayed Quote.-0.61%
JAPANESE YEN / SWISS FRANC (JPY/CHF) 0.43% 0.8587 Delayed Quote.0.09%
LONDON BRENT OIL -0.48% 55.67 Delayed Quote.5.90%
NASDAQ 100 2.31% 13296.450006 Delayed Quote.0.84%
NASDAQ COMP. 1.97% 13457.247715 Delayed Quote.0.86%
NEW ZEALAND DOLLAR / JAPANESE YEN (NZD/JPY) 0.24% 74.315 Delayed Quote.-0.44%
S&P 500 1.39% 3851.85 Delayed Quote.1.14%
UBS GROUP AG 0.57% 13.295 Delayed Quote.6.01%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.30% 6.4598 Delayed Quote.-0.03%
US DOLLAR / JAPANESE YEN (USD/JPY) -0.33% 103.558 Delayed Quote.0.50%
WTI -0.42% 52.912 Delayed Quote.8.53%
All news about DJ INDUSTRIAL
05:32pWall Street closes at record highs as Netflix jumps, Biden inaugurated
05:12pCLOSE UPDATE : Stocks Hit Record Highs as Biden Inauguration Lifts Investor Mora..
05:09pWALL STREET STOCK EXCHANGE : Stocks Hit Records on Upbeat Earnings
04:32pEquities hit record highs, oil and dollar edges higher as Biden takes office
04:27pRetail Clients Drive Last Week's Inflows as S&P 500 Dips After Consecutive Th..
04:25pEquities hit record highs, oil and dollar edges higher as Biden takes office
04:22pWALL STREET STOCK EXCHANGE : Stocks Climb to Records on Big Earnings Day
04:14pSTREET COLOR : US Treasury, Equities Closing Levels for Wednesday
04:11pDollar slides vs. most currencies on optimism about Biden administration
04:01pUS Hotel Industry Posts Decline in Revenue Per Available Room, Occupancy
More news
News of the index components DJ INDUSTRIAL
04:44pINSIDER TRENDS : International Business Machines Insider Sells Shares for Tax Sl..
04:01pDOW : Chemical To Reduce Harmful Air Pollution In Deal With US Agencies
03:56pJPMORGAN CHASE : 4Q20 Earnings Transcript
01:59pIntel Looks Set to Surprise Market With Q4 Sales, Earnings Given Strong Growt..
01:26pCISCO : The Bots That Stole Christmas
01:19pSHAREHOLDER ACTION ALERT : The Schall Law Firm Announces the Filing of a Class A..
01:02pSALESFORCE COM : Financial Services Start Setting the Pace for Digital Engagemen..
More news
Duration : Period :
DJ Industrial Technical Analysis Chart | DJI | US2605661048 | MarketScreener
Technical analysis trends DJ INDUSTRIAL
Short TermMid-TermLong Term
MICROSOFT CORPORATION 224.34 Delayed Quote.3.65%
APPLE INC. 132.03 Delayed Quote.3.29%
SALESFORCE.COM, INC. 223.44 Delayed Quote.3.08%
NIKE, INC. 142.8 Delayed Quote.2.53%
MCDONALD'S CORPORATION 213.63 Delayed Quote.2.17%
MERCK & CO., INC. 82.46 Delayed Quote.-0.88%
CATERPILLAR INC. 192.34 Delayed Quote.-0.89%
THE PROCTER & GAMBLE COMPANY 131.93 Delayed Quote.-1.25%
THE GOLDMAN SACHS GROUP, INC. 290.47 Delayed Quote.-1.27%
JPMORGAN CHASE & CO. 135.97 Delayed Quote.-1.50%
Heatmap :