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Commodity News Details
Currency Buzz: Dollar index stays subdued ahead of PCE data
27-Sep-2024 18:06
US dollar index is holding just above 100 mark today as markets are eying sustained risk appetite amid hopes of easy monetary policy from the US Fed over coming period. Currency markets are also monitoring the release of the US August Personal Consumption Expenditures (PCE) Price Index data today. US dollar index currently quotes at 100.24, almost unchanged on the day. Meanwhile, equities stayed well supported. China's Shanghai Composite index yet again soared, jumping 2.88% and hitting around four month top. Hong Kong's Hang Seng index jumped 3.55%.Japan's Nikkei 225 also spiked 2.32%. European market stayed elevated with major indices rising around 0.50%. US stocks moved up yesterday as a steady uptick continued. The S&P 500 rose 0.4% to a new record closing, the Dow gained 0.6% and the Nasdaq spiked 0.6%.

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