Asian shares retreat after Wall Street’s mixed finish, as dollar surges
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 14 2024
0mins
Source: MarketWatch
Market Reaction: Asian shares declined following a weak performance on Wall Street, influenced by a report indicating an increase in U.S. inflation last month.
Currency Movement: The dollar strengthened against the Japanese yen, trading near 156 yen, amid expectations of currency gains under President-elect Donald Trump's administration policies.
Analyst Views on EURUSD
Wall Street analysts forecast EURUSD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EURUSD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 1.175
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Current: 1.175
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
