Forex futures hit new high in Asia today as China and the United States sign a deal to open up access to the world’s largest stock markets
Forex investors can bet on a strong rally in the US dollar and a rebound in China’s and the EU’s stocks, as the two major world currencies strengthened to new all-time highs.
The Dow Jones Industrial Average .DJI jumped more than 7% to 2,100.84, the S&P 500 .SPX gained 2.5% to 3,726.08 and the Nasdaq Composite .IXIC added 1.9% to 4,061.84.
The Nikkei 225 .
N225 added 0.6% to 8,074.30.
The Shanghai Composite Index .SCM added 0,942.75.
The Nasdaq was off 0.2%.
China’s benchmark Shanghai Composite index .SCIM gained 0.7%.
The European Union’s DAX .DXY rose 1.3%.
The euro EURUSD was up 1.4%.
The dollar GBP= rose 0.5%.
The yen JPY= rose 2.3% to 106.98 US cents.
The US dollar was up 0.3%, while the euro EUR= was up 2.4% to 109.35.
In Asia, the Shanghai Composite added 0 to its record high of 2,200.60 set on Jan. 9.
The S&P 500 gained 1.5%, while Japan’s Nikkeigin rose 2%.
Japan’s benchmark Nikkeio rose 0% to 1,972.38.
The Japanese yen JPYD= was unchanged at 110.06 yen.
China’s benchmark Hang Seng index .HSA= was down 0.4%, while China’s Hang Sank index .HS= was slightly up 0%.
Japan added 0%.
The Sino-Japanese trade balance index was up about 1%.
The S&s S&p 500 index was off 2%.
Meanwhile, the Naskei stock index .SPL= was off 1.2% at 6,051.80.
The Hang Siu index .SJ= was flat.
The Hong Kong Stock Exchange index HKSF= was 0.9%.
The Singapore Stock Exchange Index SGX= was 1.1%.