Pages

Asian markets edge higher after upbeat US data

Friday 27 March 2015


Image result for asian stock market

Asian stocks crawled higher on Friday as upbeat U.S. economic data helped revive some risk appetite lost following air strikes on Houthi militants in Yemen, while the dollar rebounded.

Crude oil prices were slightly lower on the dollar's bounce after surging overnight on the escalating conflict in Yemen.

The euro was flat at $1.0883, knocked off an overnight high of $1.1052 after the encouraging U.S. data boosted the dollar.

The dollar stood was at 119.17 yen after pulling back from a five-week trough of 118.33 struck overnight against the yen, a safe-haven currency that attracts bids in times of geopolitical tension.

U.S. crude was down 1 percent at $50.87 a barrel after rallying 4.5 percent overnight.

No comments:

Post a Comment

 

Get 3 Days Free Trial

KLSE LIVE MARKET

Technical Summary Widget Powered by Investing.com

Most Reading