The primary topic of discussion was the Federal Reserve’s December meeting minutes, and the yen rose to a seven-month high on growing speculation that the Bank of Japan might abandon its ultra-accommodative monetary policy. On Wednesday, the Fed will release the minutes from its December meeting, and traders will look for indicators of the likely …
The U.S. dollar was largely unchanged. Still, it gained against the Japanese yen after the Bank of Japan’s most recent minutes indicated that its accommodative monetary policy is likely to continue. The dollar, which measures the dollar’s value against a basket of 6 other currencies, traded largely unchanged at 103.870, up from the low point …
The dollar fell on Tuesday after China announced that it would scrap its COVID-19 quarantine rule for inbound travelers, a significant step toward reopening its borders that boosted risk-sensitive currencies such as the New Zealand and Australian dollars. According to the National Health Commission, China will no longer require inbound travelers to enter quarantine upon …
With hopes of a fuel demand recovery stoked by China’s most recent relaxation of COVID-19 restrictions, oil reached a three-week high on Tuesday. Winter storm-related cuts to U.S. energy production also helped to support the price. According to the National Health Commission, China will stop requiring inbound travelers to be quarantined as of January 8. …
On Monday, the Russian ruble edged up against the dollar, gaining some ground after experiencing its biggest weekly decline since early July due to concerns about how sanctions on oil and gas would affect Russia’s export earnings. Following an oil embargo and price cap implementation, the ruble lost about 8% last week. It is currently …
Following two days of gains, the dollar fluctuated on Friday. It showed little change in morning trading in London as investors considered the outlook for interest rates in the wake of stronger-than-anticipated U.S. economic data on Thursday. The euro was slightly up compared to the dollar, rising by 0.1% to $1.061 after falling by less …
According to a study by Goldman Sachs Group Inc., roughly 55% of actively managed large-cap mutual funds are on track to outperform their targets this year. From 2007 through November, 71% of funds did so. That would be the largest share up to date. As a massive bull market rode key indexes to many new …
The Dollar Falls as Markets Rebound The U.S. dollar fell on Monday as improved market sentiment lifted stocks and riskier currencies. At the same time, the yen rose on reports that Japan is considering revising a decade-old plan to combat deflation. After the U.S. Federal Reserve and the European Central Bank (ECB) raised interest rates …
Oil Is Bouncing Oil prices rose on Monday after falling by more than $2 a barrel the previous session, as optimism about the Chinese economy outweighed concerns about a global recession. Following the easing of mobility restrictions, China, the largest crude oil importer in the world, is currently experiencing the first of three anticipated waves …
The safe-haven dollar held just below the month’s high against the yen on Friday. Christine Lagarde, president of the European Central Bank, stated that this is not enough and the bank must continue the fight against inflation at a steady pace after the policy board raised interest rates overnight. The U.S. Federal Reserve also tightened …
After falling on lower-than-expected inflation data the previous night, the dollar traded near its lowest levels in months against the euro and the pound on Wednesday. This fueled speculation that the Federal Reserve would announce a slower rate hike path. The U.S. central bank should raise interest rates by 50 basis points (bp) as it …
After Softer U.S. Inflation Data, the Dollar Declined Read More »
Released Data Sets Tone for The Anticipated Fed Decision The smallest monthly gain over a year was recorded by a key gauge of US CPI data, estimating that inflation may have peaked. After figures showed prices climbed less than projected last month, US equities rose, and Treasuries yields fell across the curve. That’s an indication …
The US stock futures polled higher at the start of a crucial week. The Federal Reserve, the European Central Bank, and several other peers are set to make monetary-policy decisions this week. Weekly losses for the underlying indexes resulted in contracts on the S&P 500 and Nasdaq 100 indexes being about 0.3% higher. The ten-year …
Any cryptocurrency transaction over €1,000 in the EU must now be public Recent reports from the European Union confirm a new fact. That any future cryptocurrency transactions over €1,000 in the EU will no longer be able to be anonymous. On December 7, 2022, the new legislation were revealed and confirmed, with the European Union …
Cryptocurrency transaction over €1,000 must now be public? Read More »
The Russian ruble dropped to 63 per dollar on Monday as investors’ appetite for risk decreased due to concerns about the impending recession and pressures on global inflation. Investors were also anticipating the Bank of Russia’s rate-setting meeting. Markets are also expecting a flurry of additional interest rate decisions this week, including those from the …
