USD/JPY climbs to four-year peak
USD/JPY tilted higher in Asian trade to March 2017 highs amid a lack of data from Japan and a bank holiday over there, and ahead of US data later today.
As of 05:50 GMT, USD/JPY rose 0.20% to 115.10, with a 4-1/5 year high at 115.14, and a session-low at 114.74.
Investors await US services and manufacturing data, with the manufacturing PMI expected up to 59.3 from 58.4 in October, while the services PMI is expected up to 59.1 from 58.7.
US Richmond manufacturing index is expected down to 10 in November, while US President Joe Biden nominated Fed Chair Jerome Powell for a second term at the helm of the Federal Reserve.
Dollar extends gains after Powell's nomination
The US dollar rose against most currencies on Monday, after the White House decision to nominate Jerome Powell as Federal Reserve Chairman.
US President Joe Biden has formally nominated Jerome Powell to serve as the chairman of the Federal Reserve for a second term, and also Lael Brainard to serve as the Fed’s vice chair.
Biden renewed confidence in Powell's steady leadership in times of crisis, which comes amid rising inflation in the US.
Recent data showed that the US inflation rate jumped to the highest level since 1990 at 6.2% in October.
Austrian government announced a $4,000 fine for those refusing to take the coronavirus vaccine starting in February.
The dollar index rose against a basket of major currencies by 0.5% to 96.5 points as of 19:49 GMT, after hitting a high of 96.5 points and a low of 96.04 points.
Gold drops 2.5% on rising dollar
Gold prices fell on Monday, as the US dollar rose against most currencies, which weighs down on commodities and metals.
US President Joe Biden has formally nominated Jerome Powell to serve as the chairman of the Federal Reserve for a second term, and also Lael Brainard to serve as the Fed’s vice chair.
Biden renewed confidence in Powell's steady leadership in times of crisis, which comes amid rising inflation in the US.
Austrian government announced a $4,000 fine for those refusing to take the coronavirus vaccine starting in February.
The dollar index rose against a basket of major currencies by 0.5% to 96.5 points as of 19:51 GMT, after hitting a high of 96.5 points and a low of 96.04 points.
Gold spot prices fell 2.5% to $1,804.1 an ounce as of 19:51 GMT, with a high of $1,850.4 and a low of $1,802.4.
US stocks pare early gains, close lower
Most of the US stock indices fell on Monday, and gave up early gains due to growing concerns over the coronavirus pandemic.
US President Joe Biden has formally nominated Jerome Powell to serve as the chairman of the Federal Reserve for a second term, and also Lael Brainard to serve as the Fed’s vice chair.
Biden renewed confidence in Powell's steady leadership in times of crisis, which comes amid rising inflation in the US.
Austrian government announced a $4,000 fine for those refusing to take the coronavirus vaccine starting in February.
To the oil market, WTI crude December futures rose 1.1% or 81 cents, and closed at $76.75 a barrel.
Brent January futures rose rose 1% or 81 cents, and closed at $79.70 a barrel.
As for stocks, Dow Jones rose 0.1% or 13 points, and closed at 35,619, with a day high of 35,929, and a low of 35,615.
S&P 500 fell 0.3% 4,683, after hitting a high of 4,743 and a low of 4,682 points.
Nasdaq fell 1.3% or 202 points to 15,854, with a high of 16,212 and a low of 15,851 points.