Dollar Broadly Higher after An Eventful Week, But Losing Momentum US equities were propelled to new record high last week as Republicans took control of Senate after the mid-term election and gained majority in the Congress. It's noted before analysts that stocks performed best historically when a Democratic president was opposed by Republican controlled Congress. DJIA closed at 17573.93 while S&P 500 closed at 2031.92, both at record high. The positive sentiments were not much bothered by the slightly disappointing non-farm payroll report from US. In the currency markets, dollar ended as the strongest currency. The Japanese yen extended BoJ triggered sharp fall and ended as the weakest one. While it's widely reported that ECB president Mario Draghi delivered a dovish post meeting press conference, Euro was indeed the third strongest currencies, after dollar and Swiss Franc, and ended mildly higher against others. Full Report Here... |   
|
No comments:
Post a Comment