U.S. stocks mixed as rate hike worries linger, Russia tension simmers Wall Street was mixed on Monday, with the Nasdaq Composite Index rising slightly while the Dow Jones Industrial Average fell. Investors were concerned about the path of interest rate hikes by the U.S. Federal Reserve, as well as the ongoing political instability in Russia. …
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The US Dollar Roars Back as Safe-Haven Demand Soars The US Dollar (USD) roared back on Friday, advancing against most currencies as safe-haven demand soared amid growing recession fears. The risk-off tone was sparked by comments from US Treasury Secretary Janet Yellen, who said that a recession remains a risk as long as the Federal …
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Gold Prices Set for Biggest Weekly Drop Since February on Hawkish Fed Gold prices are on track for their biggest weekly drop since February, as the dollar strengthened after U.S. Federal Reserve Chair Jerome Powell reiterated that more interest rate hikes were in the offing. Spot gold was up 0.2% to $1,917.57 per ounce by …
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Dollar Weakens as Powell’s Testimony Fails to Impress The dollar weakened on Thursday after Federal Reserve Chair Jerome Powell’s semi-annual testimony to Congress failed to provide any new insights into the central bank’s monetary policy plans. In his testimony, Powell reiterated that the Fed is committed to bringing inflation back to its 2% target. However, …
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Gold Falls to 3-Month Low as Central Banks Signal More Tightening Gold prices fell to a three-month low on Wednesday as investors sold the metal on expectations of more aggressive monetary tightening by central banks around the world. The Federal Reserve, the European Central Bank, and the Bank of England have all signaled that they …
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Global markets prepare for a week of central bank action Stocks in Asia were subdued on Monday as investors looked ahead to a week of central bank meetings, with the Bank of Japan, the Federal Reserve, and the Bank of England all expected to raise interest rates. The Nikkei 225 in Japan fell 0.3%, while …
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The dollar index steadied above 102 on Monday as investors weighed the implications of the Federal Reserve’s pause in its tightening campaign against the hawkish stance of other major central banks. The index, which measures the greenback against six major currencies, fell 1.2% last week after the Fed’s decision to keep rates unchanged. However, the …
The dollar weakened on Wednesday as investors bet that the Federal Reserve will pause its interest rate hiking cycle after soft inflation data. The dollar index, which measures the greenback against a basket of six major currencies, fell 0.2% to 103.25. The euro rose 0.3% to $1.0800, while the British pound gained 0.2% to $1.2615. …
U.S. Dollar Falls as Investors Await Inflation Data, China’s Yuan Slips The U.S. dollar fell slightly on Tuesday as investors awaited U.S. inflation data, while China’s yuan slipped to a six-month low after the central bank lowered a short-term lending rate to boost the economy. The euro was up 0.42% to $1.08 on Tuesday, after …
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Eurostoxx +0.4% Germany DAX +0.3% France CAC 40 +0.3% UK FTSE flat Spain IBEX flat This mirrors the positive state of mind in US prospects, with S&P 500 fates seen up 25 focuses, or 0.6%, on the day. After the previous late mishap in Money Road, it seems to be the alleviation rally is continuing …