Dollar rose in Asian trade off September 13 lows against yen for the eighth session out of 12, following earlier inflation data from Japan, while the US market shuts down in observance of Veterans' Day.

As of 06:05 GMT, USD/JPY rose 0.18% to 114.04, with an intraday high at 114.05, and a low at 113.65. 

Earlier Japanese data showed producer prices rose 2.9% in October, slowing down from 3.0%, while edging estimates of 2.8%, as machine tool orders fell 1.1% in October, compared to a 2.9% increase in September. 

Now markets await Federal Reserve Bank of San Francisco President Mary Daly's speech about the economic outlook at the Regional Economic Development for Eastern Idaho Conference, later today.

The Federal Reserve voted at the November 7-8 meeting to maintain interest rates at below 2.25% as expected by market analysts, while vowing to carry on the path of policy tightening.  

Saudi Public Transport Co. (SAPTCO) on Monday announced it signed on 11 November a contract worth SAR 8.531 million with Arriyadh Development Authority for the operation and maintenance of lines 1 and 2 of Riyadh Metro.

The contract shall have a term of 12 years, including mobilisation and preparation, the company noted.

It also said the related financial impact will start on the fourth quarter of 2019.

A contract has earlier been awarded by Arriyadh Development Authority to deliver operations and maintenance services for lines 1 and 2 of Riyadh Metro to Capital Metro Company (Camco) – a joint venture 80% and 20% owned by RATP Group’s RATP Dev and SAPTCO, respectively.

Line 1, also known as Blue Line, on the Al-Olaya-Al Batha corridor spans 39 km and includes 25 station. Line 2, known as Red Line, runs parallel to King Abdullah Road for 25km, with 15 stations.

Camco will deliver O&M services such as metro operation, security, passenger assistance, and facility management through its contract. Its scope also includes the maintenance of buildings – stations, park and rides, depots, and so on – as well as the transit system, which comprises trains, signalling, telecommunication, power supply, and passenger information, among other aspects.

Earlier, SAPTCO said it generated SAR 95.3 million net profit for the third quarter of 2018, compared with SAR 63.3 million in the year-ago period.

Financial results for the first nine months of 2018 showed SAR 61.2 million net profit, down from SAR 106.3 million in the corresponding period a year ago.

Litecoin tilted lower on Monday off October 15 highs for the fifth session out of six, carrying on the decline of last week. 

As of 05:53 GMT, Litecoin shed 0.06% to $51.424, with a session-low at $51.332, and a high at $52.046. 

Litecoin continues to back off recent four-week highs after rallying momentarily earlier this month alongside most cryptocurrencies as new liquidity entered the market with investors picking up cheap crypto assets after a spate of hefty losses in recent weeks and months on regulatory concerns. 

Litecoin marked the sixth monthly loss in a row in October, the longest such streak since early 2015. 

The Path of Litecoin

Litecoin was first publicly offered in the first half of 2013 at only $3, marking record lows at below $1 in early 2015 before taking off on its long and spotted journey higher. 

The cryptocurrency pierced $100 for the first time on November 29, 2017, before scaling a record high at $370.78 on December 19, and plummeting back below $100 on June 12, then moving on to $$47.22 on September 12.

Silver futures tilted higher in Asian trade off September 17 lows as the dollar index climbed off October 22 lows tentatively, as the US market shuts down in observance of Veterans' Day.

As of 05:36 GMT, silver futures due in December rose 0.04% to $14.14 an ounce, while the dollar index edged up 0.21% to 97.11, marking late October highs. 

Now markets await Federal Reserve Bank of San Francisco President Mary Daly's speech about the economic outlook at the Regional Economic Development for Eastern Idaho Conference, later today.

The Federal Reserve voted at the November 7-8 meeting to maintain interest rates at below 2.25% as expected by market analysts, while vowing to carry on the path of policy tightening.