The vast majority of Asian currencies rose sharply. The dollar fell to a nine-month low even after the Fed raised interest rates significantly, with markets betting that the US economic slowdown will force the
The U.S. dollar held steady on Wednesday as traders awaited this week’s consumer price data to see if it would confirm that inflation is slowing. The euro fell against the dollar after a policymaker for the European Central Bank
The US dollar rose slightly in early European trade Tuesday but remained just above a seven-month low as traders awaited Fed Chair Jerome Powell’s speech for more clarity on the central bank’s rate hike cycle. The Dollar Index rose
The U.S. dollar on Monday came close to reaching its lowest level in seven months against other currencies. At the same time, China’s decision to reopen its borders boosted riskier currencies. The Australian and New Zealand dollar, typically considered
Sterling falls in value On Thursday, sterling fell against the euro and the US dollar after business data suggested that Britain is already in recession. The December S&P Global/CIPS UK Services Purchasing Managers’ Index (PMI) was revised slightly lower.
Oil prices rose in European trade for the second day on Friday, heading for six-week highs and the second weekly profit in a row due to a positive outlook for Chinese fuel demand. Earlier US data showed an inventory
Economic numbers and corporate earnings reports clouded investors’ views of the economy’s health. This extended a streak of losses in equities Thursday. The S&P 500 didn’t have much momentum after initially opening lower, falling for the third day in
The chief executive officer of the world’s largest oil company is concerned about global crude supplies. Demand has been relatively low due to market factors like China’s slowing economy and the aviation industry’s ongoing COVID-19 pandemic recovery, but this
Oil prices rose on Tuesday after China reported its second-lowest annual economic growth in nearly a half-century. However, hopes for a recovery in fuel demand were boosted by the nation’s most recent change in COVID-19 policy. Brent crude futures
The vast majority of Asian currencies rose sharply. The dollar fell to a nine-month low even after the Fed raised interest rates significantly, with markets betting that the US economic slowdown will force the bank to reverse its dovish stance this year. The Chinese yuan rose 0.44% against the
US Treasury yields fell on Tuesday as investors focused on developments in China and Federal Reserve officials’ comments on monetary policy plans. More than three basis points recently reduced the benchmark 10-year Treasury yield to 3.666%. After falling by more than three basis points, the two-year Treasury yield
US Consumers Spent More on Everyday Staples and Autos in October According to the Commerce Department’s data released on Wednesday, October retail sales increased by 1.3% compared to September. October’s economy data included spending on clothing, wine, ottomans, and meals at restaurants. September data showed no changes from
If inflation continues to be stubborn, investors believe that the Federal Reserve may have to raise interest rates higher than they have in the past 20 years. Some Wall Street professionals believe that the Fed’s rate increases have already had a cooling effect on the economy. A rather
When some think of railroads, we think of 19th-century locomotives and men in overalls shoveling coal into engines. While that view is certainly outdated, railroads are still an integral part of society’s functioning. However, opinions on trains are divided depending on where you are located on the globe.
If inflation continues to be stubborn, investors believe that the Federal Reserve may have to raise interest rates higher than they have in the past 20 years. Some Wall Street professionals believe that the