Dollar Gains Amid Month-End Rebalancing

August 28, 2024 09:38 AM BST | By Team Kalkine Media
 Dollar Gains Amid Month-End Rebalancing
Image source: Shutterstock

Headlines

  • Dollar Index Rises 0.53% on Yen Weakness
  • Euro Falls as Dollar Strengthens
  • Yen Pressured by BOJ Comments, Safe-Haven Demand Supports

The dollar index surged by 0.53% today, driven by a weaker yen and investor speculation about month-end portfolio adjustments. Weakness in the yen follows dovish remarks from BOJ Deputy Governor Himino, while the euro fell 0.60% due to a robust dollar and surprising Eurozone money supply data. The yen faces pressure from the BOJ's cautious stance, but safe-haven demand continues to offer some support. Financial stocks remain impacted by these currency fluctuations, while precious metals are moderately lower, though strong safe-haven interest and ETF gold buying are limiting losses.

 


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (Kalkine Media, we or us) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalised advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.


Sponsored Articles


Investing Ideas

Previous Next