The Sectoral Pulse || Where Did The Dollar Index Edge Up Against Six Major Currencies?

• The dollar index against a basket of six major currencies edged up to 90.252 but was still near its weakest since February. 25. 

• On the sectoral front, Heavyweight miners were the top boosts to the benchmark, rising 2.55%, with iron-ore giant Fortescue Metals Group followed by Ioneer Ltd trading in green. Australian metal miner index is eyeing its best session since March 3. 

• Gold miners climbed 2.08% as the prices of precious metal edged to three-month highs. Pantoro Ltd rose 4.88%, while Catalyst Metals Ltd gained 4.83%. Australian gold stocks hit their highest level since 26 April 2021.

• Casino giants Star Entertainment and Crown Resorts both hit multi-month highs after the former proposed an all-stock buyout of its larger rival in a deal valued at 9 billion Australian dollars.  

• Investors will keep an eye on Federal Budget 2021-22, which will be announced by Treasurer Josh Frydenberg at approximately 7.30 pm (AEST) on Tuesday.

• Across the Tasman Sea, New Zealand's benchmark S&P/NZX 50 index fell 0.53% to 12,662.4 points.

• U.S. crude ticked up 1.17% to $65.66 a barrel. Brent crude rose to 1.11% to $69.04 per barrel in Asian trading as the disruption to U.S. supplies rattled energy markets. 

• NSW Premier Gladys Berejiklian has advised registration is now open for those in the 40-49 age bracket to receive the Pfizer Covid-19 vaccine at the new Sydney Olympic Park mass vaccination site.


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