vegassports-odds.com
vegassports-odds.com May 27, 2017


Euro propped up by weak dollar, sterling near 6-month high

21 April 2017, 12:34 | Melvin Schneider

MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.9 percent lower, while Japan's Nikkei rose 0.35 percent.

USA housing starts and building permits for March, as well as industrial production, are also due later in the session. Meanwhile, the Chinese market plunged for four consecutive sessions due to tighter regulations.

The dollar fell sharply against a basket of major currencies on Tuesday weighed by geopolitical events while sterling rose to a two-and-half month high, after UK Prime Minister Theresa May announced plans to call an early election.

The FTSE 100 fell 0.1 percent to 7,142.30 while France's CAC 40 rose 0.2 percent to 4,999.18 and Germany's DAX gained 0.2 percent to 12,025.24.

"We still think the dollar is going to strengthen over time based on the outlook for USA monetary policy... but for now, with markets not heavily focused on monetary policy, it could explain this consolidation" for the greenback, said Eric Viloria, currency strategist at Wells Fargo.

The dollar edged up 0.1 percent to 108.58 yen, while the euro edged down slightly to $1.0719 after riding sterling's coat-tails to three-week highs overnight. The pound was trading at $1.2825, down from $1.2840 but still higher than the pre-announcement level.

The dollar index, which measures the greenback against a basket of six other major currencies, hit a three-week low on Tuesday as 10-year treasury yields fell below 2.2% to their weakest levels since the United States election results, and remained close to that level on Wednesday. It also cleared the 200-day moving average for the first time since June, putting the squeeze on a raft of speculative short positions.

MPs on election footing as the battle for Brexit begins
She said: "At this moment of enormous national significance there should be unity in Westminster, but instead there is division". There has been widespread public support for Monday's decision, while political experts have given mixed responses.

Russell Westbrook Breaks Triple-Double Record In Historic NBA Season
The milestone happened with 4:17 left in the fourth quarter after Westbrook assisted to Semaj Christon's three-pointer. Russell Westbrook has done it and now the Oklahoma City Thunder have their eyes on a bigger prize-the NBA Playoffs.

Erdogan insists Turkey reforms don't make him a dictator — CNN Exclusive
A supporter of the "no" vote lights a flare during a protest in Istanbul , against the referendum outcome, Monday, April 17, 2017. However, opposition parties said the exercise was marred by irregularities, adding that they would challenge its result.

The euro was flat on the day at $1.07140 EUR= , and was expected to tread water ahead of this weekend's vote.

Oil prices were weighed by concerns that US production growth is undermining efforts to cut oversupply after a USA government report said shale oil output in May was expected to post the biggest monthly increase in more than two years.

Against the yen, the dollar was up 0.4 per cent at 108.80 having been as low as 108.39 earlier.

A run of disappointing USA economic data and doubts that the Trump administration will progress with tax cuts have quelled expectations of faster inflation and boosted fixed-income debt. US gold futures GCcv1 fell 0.05 percent to $1,291.30 an ounce.

Weak U.S. economic data also pushed down U.S. Treasury yields and weighed on the dollar.

In commodity markets, profit taking nudged gold down 0.4 percent to $1,287.10 an ounce, and away from Monday's peak of $1,295.42.

USA crude CLc1 added 0.1 percent to $52.69 a barrel, after falling 1 percent on Monday, its biggest decline in nearly a month.



Other News

Trending Now

No need for President Donald Trump's approval to use massive bomb
He also said that the operations were being conducted with care taken to prevent civilian casualties. The U.S. has concentrated on fighting them while also supporting Afghan forces against the Taliban.

After listless Game 3 loss, Rangers face up-hill battle
Louis beat Minnesota to take a 2-0 series lead. "It was execution", right wing Rick Nash said of the turnovers. Carey Price stopped 30 of 32 shots for the Canadiens, who received their lone goal from Torey Mitchell.

Senators beat Bruins 1-0, take 3-1 lead in series
Bruins C Patrice Bergeron, a three-time Selke Trophy victor , was named a finalist for the award for the sixth time Wednesday. Ottawa's Tom Pyatt left the game in the first period after suffering an upper-body injury on a check from Kevan Miller.

Top Pakistan court rules Nawaz can stay in power
The team has two months to complete its inquiry, after which a special bench will decide what action to take. Two of five judges on the court bench recommended that Sharif should step down but they were out voted.