The dollar was up on Monday morning in Asia, continuing its gains from the previous week. Investors remain wary of the U.S. Federal Reserve beginning asset tapering even as the number of COVID-19 cases surges globally.
Wall Street ended sharply lower on Friday as investors weighed signs of higher inflation, while Apple Inc (NASDAQ:AAPL) tumbled following an unfavorable court ruling related to its app store.
Gold was down on Friday morning in Asia. The yellow metal was set to end the week on a down note as the dollar strengthened and uncertainty over the U.S Federal Reserve’s timeline to start asset tapering grows.
The dollar was up on Friday morning in Asia, rebounding from a selloff triggered by the latest U.S. jobs report. However, investors continue to bet on when the U.S. Federal Reserve will begin asset tapering.
Oil prices dipped on Friday, heading for weekly losses of nearly 2%, after China announced it would release oil from it strategic reserve and some U.S. airlines, key to a recovery in jet fuel demand, warned of a slowdown in ticket sales https://www.reuters.com/business/aerospace-defense/united-airlines-warns-delta-variant-hit-revenue-capacity-2021-09-09.