💥 Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

Forex - Dollar up slightly in Asia as early U.S. poll views due soon

Published 11/08/2016, 06:06 PM
Updated 11/08/2016, 06:11 PM
Dollar gains in Asia
USD/JPY
-
DX
-

Investing.com - The dollar posted slight gains against the yen in early Asian trade on Wednesday as markets stand alert to early exit polls and results from the U.S. presidential election and also note regional data on consumer and producer prices from China are ahead.

USD/JPY changed hands at 105.19, up 0.02%. AUD/USD traded at 0.7748, down 0.18%, while GBP/USD was down 0.17% to 1.2363.

The first U.S. exit polls, which are a projection, are expected to come out on Tuesday night at around 7:00PM ET (00:00 GMT on Wednesday). Results will be declared state by state. If the outcome is clear, the television networks are expected to make their official call at 11:00PM ET (04:00 GMT Wednesday).

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted at 97.88.

In Australia, Westpac consumer sentiment is due with a previous reading of a 1.1% gain. Then in Japan, the current account for September is up, seen at ¥1.960 trillion surplus unadjusted and at ¥1.98 trillion seasonally adjusted.

In China, CPI figures for October are seen up 2.1% year-on-year, with month-on-month data last up 0.7%. PPI figures are expected to show a 0.8% gain year-on-year.

Overnight, the dollar held steady against the other majors currencies on Tuesday, as markets prepared for the results of the U.S. presidential election opposing Hillary Clinton and Donald Trump.

Markets were jittery ahead of the results of the U.S. presidential vote, although sentiment remained mildly supported after the FBI informed Congress over the weekend that it had "not changed its conclusions" on the private email server maintained by Hillary Clinton.

The news fueled expectations that the Democratic candidate could win Tuesday’s election, which is seen as more source of stability for financial markets.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.