I forex tips - The Dollar pared gains after hitting an 8-1/2-month high against major currencies on Monday, while the prospect of further European Central Bank stimulus dragged the euro, and oil futures fell on worries about a growing supply glut.
Global stock markets were mixed, with Wall Street ending the session lower ahead of a crucial payroll report Friday, while European shares finished higher. The three major US indexes ended November higher for a second straight month.
The jobs report is arguably the most important US economic indicator due out before the Federal Reserve decides on Dec. 16 whether or not to raise interest rates for the first time in nearly a decade. It is widely expected to raise rates.
The week is expected to highlight the divergent economic policies in the United States and the euro zone, which may set the tone for markets early next year.
The dollar index, which measures the greenback against a basket of major currencies, was up 0.17 percent despite disappointing data on US business sentiment and pending home sales. The index hit its highest point since mid-March and had its biggest monthly rise since January.
The euro fell 0.25 percent against the dollar to its lowest point since April.
Global stock markets were mixed, with Wall Street ending the session lower ahead of a crucial payroll report Friday, while European shares finished higher. The three major US indexes ended November higher for a second straight month.
The jobs report is arguably the most important US economic indicator due out before the Federal Reserve decides on Dec. 16 whether or not to raise interest rates for the first time in nearly a decade. It is widely expected to raise rates.
The week is expected to highlight the divergent economic policies in the United States and the euro zone, which may set the tone for markets early next year.
The dollar index, which measures the greenback against a basket of major currencies, was up 0.17 percent despite disappointing data on US business sentiment and pending home sales. The index hit its highest point since mid-March and had its biggest monthly rise since January.
The euro fell 0.25 percent against the dollar to its lowest point since April.
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