Will Hillary Emails Case Trigger Dollar Declined Again?
Selasa, 01 November 2016 - 09:45 WIB
Will Hillary Emails Case Trigger Dollar Declined Again?
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NEW YORK - US dollar declined against most major currencies on Monday on falling expectations for an interest rate hike by year end after the Federal Bureau of Investigation (FBI) announced a plan to probe new emails related to Hillary Clinton.
The political developments, which happened less than two weeks before the presidential election, continued to weigh on the greenback on Monday (31/10).
Clinton's lead over her Republican counterpart, Donald Trump, has narrowed significantly since Friday's news broke, according to data from RealClearPolitics. The greenback had been lingering at eight month highs on market speculation for a rate hike in December if Clinton is elected.
On the economic front, US personal income increased 46.7 billion US dollars, or 0.3 percent, in September, missing market consensus of a 0.4 percent gain, according to Commerce Department on Monday.
In late New York trading, the euro rose to 1.0977 dollars from 1.0969 dollars, and the British pound climbed to 1.2228 dollars from 1.2179 dollars. The Australian dollar increased to 0.7611 dollars from 0.7584 dollars.
The dollar bought 104.88 Japanese yen, higher than 104.87 yen in the previous session. The dollar inched up to 0.9896 Swiss francs from 0.9881 Swiss francs, and it dropped to 1.3406 Canadian dollars from 1.3414 Canadian dollars.
The markets, which have been pricing in a likely Clinton win against Republican candidate Donald Trump, were initially spooked by news that could be an advantage to Trump.
Stocks recovered some ground, however, once investors digested the FBI announcement, said Stephen Massocca, chief investment officer, Wedbush Equity Management LLC in San Francisco.
"People calmed down and considered what it really meant, that in all likelihood it really isn’t going to impact the election," he said.
The political developments, which happened less than two weeks before the presidential election, continued to weigh on the greenback on Monday (31/10).
Clinton's lead over her Republican counterpart, Donald Trump, has narrowed significantly since Friday's news broke, according to data from RealClearPolitics. The greenback had been lingering at eight month highs on market speculation for a rate hike in December if Clinton is elected.
On the economic front, US personal income increased 46.7 billion US dollars, or 0.3 percent, in September, missing market consensus of a 0.4 percent gain, according to Commerce Department on Monday.
In late New York trading, the euro rose to 1.0977 dollars from 1.0969 dollars, and the British pound climbed to 1.2228 dollars from 1.2179 dollars. The Australian dollar increased to 0.7611 dollars from 0.7584 dollars.
The dollar bought 104.88 Japanese yen, higher than 104.87 yen in the previous session. The dollar inched up to 0.9896 Swiss francs from 0.9881 Swiss francs, and it dropped to 1.3406 Canadian dollars from 1.3414 Canadian dollars.
The markets, which have been pricing in a likely Clinton win against Republican candidate Donald Trump, were initially spooked by news that could be an advantage to Trump.
Stocks recovered some ground, however, once investors digested the FBI announcement, said Stephen Massocca, chief investment officer, Wedbush Equity Management LLC in San Francisco.
"People calmed down and considered what it really meant, that in all likelihood it really isn’t going to impact the election," he said.
(rnz)
