Market Drivers – Asian Session 03-11-2021

The Asian session was quiet and markets are waiting for the Fed today.

The dollar index was flat at 94.11, close to the 2021 peak of 94.563 hits last month.

Against the euro, the dollar also settled at 1.1579, near the low of 1.1522 recorded in October, which was the strongest level for the dollar since July 2020.

The dollar traded at 113.94 yen, near a four-year high.

The Australian dollar fell 1.2 percent against the dollar on Tuesday and settled at $0.7448 on Wednesday.

Spot gold fell 0.4% to $1,780.90 an ounce, and US gold futures fell 0.4% to $1,781.30.

Germany’s DAX fell 6 points at 15947, France’s CAC 40 fell 1 point at 6924, Italy’s FTSE rose 4 points at 27,038.

China has detected local infections with the Coronavirus in 19 out of 31 provinces in the country with the second-largest economy in the world. China recorded 93 new local cases on Wednesday, along with 11 cases, but with no symptoms.

And the National Health Commission of China announced that 109 new confirmed infections were recorded on Tuesday, an increase of 71 cases over the previous day.

The total number of injuries in the capital, Beijing, during the current wave reached the level of 38, which is the highest level since the wave that broke out in January and last February