The dollar was down on Tuesday morning in Asia, remaining near the bottom of its recent range. Weaker-than-expected U.S. factory data and increasing bets that monetary policy will normalize faster in other countries also contributed to the U.S. currency’s losses.
Oil prices continued its high on Tuesday after starting the week at its its highest level in years.
The S&P and Nasdaq closed higher on Monday with the biggest boosts from the highest-profile technology and communications companies while investors eyed product news from Apple Inc and appeared optimistic about the third-quarter earnings season.
Asian shares advanced on Tuesday, supported by a tech-driven Wall Street rally, and a rebound in Chinese markets a day after weak data heightened investor concerns about the world’s second-largest economy.
The dollar was up on Monday morning in Asia. Inflation data from New Zealand was higher than expected while data from China showed slower-than-expected economic growth. Hawkish comments from the Bank of England (BOE) governor also placed the possibility of interest rate hikes on investors’ radars.
Gold was down on Monday morning in Asia, recouping some losses after a steep sell-off during the previous session as U.S. bond yields eased.