forecasts
USD/JPY Fundamental Weekly Forecast – Yen Bulls Hoping Democrats Gain Control of US SenateThe focus will be on the two January 5 Georgia runoff races that will determine whether Democrats or Republicans control the U.S. Senate this year.
Jan 03, 2021 09:49 AM GMT
The Dollar/Yen finished the holiday-shortened week lower as investors continued to pressure the greenback in anticipation of an even further decline in 2021. The catalyst behind the selling is tied to the huge bet that the global economic recovery will pull money into riskier assets even as the U.S. has to borrow even more to fund its swelling twin deficits.
Wall Street ended the session in positive territory and the dollar dipped to its lowest in more than two years on Wednesday, the penultimate trading day in a remarkable year of pandemic, recession and recovery.
Asian shares jump to record high as investors bet on healthier 2021 netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
GLOBAL MARKETS-Asian shares jump to record high as investors bet on healthier 2021 Reuters 12/30/2020
Popular Searches Dollar weakens, euro hits high since April 2018 European shares seen down slightly
By Hideyuki Sano
TOKYO, Dec 30 (Reuters) - Asian shares hit a record high on Wednesday with investors betting on a strong economic recovery next year, as there is little sign policymakers wind back massive stimulus efforts aimed at staving off coronavirus-fuelled downturns.
MSCI s gauge of Asia-Pacific shares excluding Japan rose 1.2% to hit a record high, led by gains in Chinese shares and bringing its gains so far this year to 18.9%.
Japan s Nikkei share average lost 0.45% on its last trading day of 2020 after jumping to a 30-year high on Tuesday. For the year, it was up 16.0%.
KUALA LUMPUR (Dec 30): The FBM KLCI closed up 9.42 points or 0.58% at 1,644.41 today after MSCI s gauge of Asia-Pacific shares climbed to a record high on world economic recovery bets in anticipation of continued global monetary and fiscal policy support. Fund managers’ portfolio window dressing is also seen contributing to Malaysian share gains.
Across Bursa Malaysia at 5pm, 7.82 billion securities were traded for RM3.65 billion. Stocks should return to base building mode to strengthen higher supports pending potential late window-dressing action ahead of the year-end,” TA Securities Holdings Bhd analysts wrote in a note today.
Globally, it was reported that Asian shares hit a record high on Wednesday with investors betting on a strong economic recovery next year, as there is little sign of policymakers winding back massive stimulus efforts aimed at staving off coronavirus-fuelled downturns.