US Dollar Index dropped back to near the crucial support zone. The Index extends lower on Wednesday following the weaker-than-expected US retail sales figures. The greenback started this week on a Positive note but later retreated back to lower in response to optimistic news regarding the development of a vaccine against coronavirus.
The electric-car maker TESLA (NASDAQ: TSLA) shares climbed more than 11% in pre-market trading on Tuesday after the S&P global announced that Tesla will join the S&P 500 come Monday, Dec. 21.
The Japanese yen and Japanese Shares gained on Monday after the world’s third-largest economy GDP jumped 21.4% on year in the third quarter of 2020 following the 28.8% plunge in the previous three months. On a quarterly basis, the Japanese economy gained 5% after falling by 8.2% in the previous period.
Global stocks and oil prices retreated from the fresh weekly highs as the new coronavirus cases climbed to record high in US and UK. The UK has become the first country in Europe to cross 50,000 Covid-19 related deaths and reported the biggest one-day jump in coronavirus infections on Thursday.
The US dollar index trading slightly lower ahead of the release of US Consumer Price Index figures. The index climbed to a fresh session high of 93.20 during the previous session boosted by reports of positive results from Pfizer's COVID-19 vaccine trials.