US dollar retreats from 11-month high
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, the US dollar dropped from its 11-month high against a basket of currencies today following a rally over the past week that had been due to a rise in U.S. bond yields after the conclusion of the presidential election.
The dollar index dropped by about 0.2% to 99.989, from Tuesday’s level of 100.26, the highest level in eleven months. On Tuesday, the dollar index increased 4.6% due to stronger US October retail sales.
"The most important factor remains what kind of policies Trump enacts,” Kadota said, chief Japan strategist in Tokyo.
Meanwhile, the euro increased 0.2% and the sterling rose 0.1% against the dollar.
The dollar index dropped by about 0.2% to 99.989, from Tuesday’s level of 100.26, the highest level in eleven months. On Tuesday, the dollar index increased 4.6% due to stronger US October retail sales.
"The most important factor remains what kind of policies Trump enacts,” Kadota said, chief Japan strategist in Tokyo.
Meanwhile, the euro increased 0.2% and the sterling rose 0.1% against the dollar.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- October PET deals concluded with moderate increases in Europe
- Will it be supply or demand to set PP, PE outlook in Europe?
- Premium of HDPE over LLDPE hits 16-month high in Turkey
- Post-holiday hikes carry China homo-PP market to 1-year high
- Asia PVC markets see longest rising streak ever on extreme tightness
- Africa polymers: October offers higher amid reduced availability
- Stable to softer PE trend prevails in Europe amid soft demand, poor netbacks
- Turkey’s PP and PE markets move up, but riddled with uncertainties
- India, SEA PVC markets unlikely to take respite from bullish run for November
- Southeast Asia PET markets move sideways during China’s absence
