scorecard
  1. Home
  2. stock market
  3. The dollar is weaker

The dollar is weaker

Elena Holodny   

The dollar is weaker
Stock Market2 min read

Screen Shot 2016 11 25 at 7.45.49 AM

Markets Insider

The dollar is weaker against the majors, though Friday's decline is relatively small.

The US dollar index is down by 0.3% at 101.44 as of 7:46 a.m. ET.

The two main "forces" propping up the greenback - increased US interest rates and the "anticipation that the populist-nationalist rise will be expressed shortly in Europe" - are still intact, says Marc Chandler, global head of currency strategy, at Brown Brothers Harriman.

The US stock market will be open on Friday until 1 p.m. ET., and the bond market will be open until 2 p.m. ET.

As for the rest of the world, here's the scoreboard as of 7:34 a.m. ET:

  • The Japanese yen is up by 0.4% at 112.91 per dollar. Earlier, data showed that Japan's headline CPI reading rose to 0.1% year-over-year in October, compared to the prior reading of -0.5%. However, the "core" CPI came in at -0.4%; this figure has been in the negative for eight months.
  • The euro is up by 0.4% at 1.0591 against the dollar.
  • The Russian ruble is down by 0.2% at 64.5929 per dollar, while Brent crude oil, the international benchmark, is down by 1.2% at $48.41 per barrel.
  • The British pound is little changed at 1.2437 against the dollar after the UK's GDP growth came in at 0.5% in the third quarter, as expected.

NOW WATCH: Watch the trailer for the new Martin Scorsese film that took over 20 years to make

READ MORE ARTICLES ON


Advertisement

Advertisement