Thursday Outlook: Dollar hit seven-month high; Asian shares drop

Powell's comments at virtual Jobs Summit could set the tone for global markets

  
A trader exits the New York Stock Exchange (NYSE) after the trading day in New York, U.S., March 1, 2021.

A trader exits the New York Stock Exchange (NYSE) after the trading day in New York, U.S., March 1, 2021.

REUTERS/Brendan McDermid

Zawya brings you all the latest news and insights relevant to Middle East and global investors in equities, commodities and currencies.

Dollar bides time, looks to Powell for inspiration
The dollar rose to 107.09 yen, the highest since July last year

Yen near 7-month low, Asian shares fall as bond yields rise
By early Thursday, Australian shares had lost 1% and E-mini S&P futures slipped 0.25%

Firm U.S. yields keep gold pinned near 9-month low
Spot gold was steady at $1,711.61 per ounce

Oil strengthens on prospect of OPEC+ maintaining supply cuts, drop in U.S. inventories
Brent crude futures added 27 cents, or 0.4%, to $64.34 a barrel


 

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