The dollar index was little changed at around 101.4 on Thursday after experiencing heightened volatility in the previous session, as investors cautiously awaited the June jobs report for fresh insights into labor market conditions and greater clarity on the Federal Reserve’s policy outlook.Data rel…
The rise of Australia's right-wing One Nation party over the last year continues, with it recording a new milestone in the state of Victoria. A poll published in the Australian Financial Review shows that voter support for One Nation has overtaken Labor and the Liberal-National Coalition for the fi…
Macquarie is braced for fresh intervention to shore up the yen, but perhaps not until it falls to 165 against the dollar. It also thinks any intervention in currency markets might wait until today's U.S. non-farm payrolls data is out of way. "A soft payrolls outcome could present ideal conditions t…
WASHINGTON (dpa-AFX) - The U.S. Dollar value edged higher as investors assessed the ongoing bets on rate hike by the U.S. Federal Reserve along with Fed Chair Kevin Warsh's remarks highlighting inflationary pressures. The plunge today in crude oil prices capped the gains.The U.S. Dollar Index, DXY…
MARKET WRAPSSTOCKS: U.S. stocks were modestly lower as investors parsed comments from Federal Reserve Chairman Kevin Warsh for clues about the path of interest rates.TREASURYS: Treasurys sold off sending yields higher as investors digest a busy day of U.S. economic indicators and comments from Fed…
By Utkarsh Hathi, Ragini Mathur and Purvi AgarwalLatin American stocks and currencies opened the new quarter lower on Wednesday, pressured by a firmer dollar, while investors assessed U.S.-Iran talks and the U.S. decision to not renew an existing North America trade agreement.MSCI's regional cur…
By Karen BrettellThe dollar gained ahead of a closely watched U.S. jobs report due on Thursday, but pared its earlier increase after Federal Reserve Chair Kevin Warsh said that inflation expectations and inflation risks have eased in recent weeks.The Japanese yen, which had earlier slumped to a 40…
The Reserve Bank of India (RBI) appointed Ravi Shankar as Executive Director (ED) with effect from July 1, according to a press release issued on Wednesday.Shankar takes over the senior position after serving in a key leadership role within the institution, bringing over three decades of institutio…
By Utkarsh Hathi and Ragini MathurLatin American stocks and currencies opened the new quarter lower on Wednesday, pressured by a firmer dollar and cautious risk sentiment as uncertainty over the Middle East persisted.MSCI's regional currency index (.MILA00000CUS) edged 0.2% lower, pulling back a…
The U.S. dollar has enjoyed a strong run since tensions in the Middle East escalated, driven by robust safe-haven demand and expectations that higher oil prices could keep inflation elevated, reinforcing the case for a hawkish Fed.According to TradingView, the U.S. Dollar Index (DXY) has gained 2.4…
1103 ET - The pace of layoffs cooled considerably in June, according to a recent job cuts report from Challenger, Gray & Christmas. U.S.-based employers announced 45,849 job cuts in June, down 53% from May. Technology once again led the decline, with 15,503 job cuts in June for a total of 139,156 i…
1055 ET - The Trump administration is not expected to renew the USMCA, but that doesn't mean the agreement is over. Not only do the existing terms of the deal last into the next decade, but the U.S. is likely using this decision as a way "to keep pressure" on Mexico and Canada, says Jim Wiesemeyer…
By Karen BrettellThe dollar pared earlier gains on Wednesday after Federal Reserve Chair Kevin Warsh said that inflation expectations and inflation risks have eased in recent weeks, ahead of a closely watched jobs report due on Thursday.The Japanese yen, which had earlier slumped to a 40-year low a…
The US dollar index rose to 101.3 on Wednesday, easing from the 15-month high of 101.6 earlier in the session after Fed Chairman Warsh said that inflationary risks are lower.The remark was aligned with a reduction in the ISM Manufacturing prices gauge, aided by the pullback in energy prices, and ta…
1022 ET - Asking prices fell 2.5% year-over-year in June, Realtor.com says, the eighth consecutive month of decreases. Pending sales rose 3.7% year-over-year for the seventh straight month of growth. For the first time in 26 months, homes spent no more time on market than they did a year earlier, a…
Over the past few months, US retail prop firms have been quietly revising their onboarding policies, indicating that they will no longer offer cTrader accounts to new clients within the jurisdiction.The5ers, for instance, which migrated to cTrader following the MetaQuotes upheaval of 2024, updated…
The ICE U.S. dollar index is up 0.1% and the greenback is steady at 162.49 yen after hitting a 40-year high of 162.83 earlier. There is speculation among traders that Japanese authorities could take advantage of U.S. holiday-thinned trade on Friday to intervene against the yen's weakness. Japanese…
The South African rand was steady on Wednesday as uncertainty over U.S.-Iran talks weighed on risk appetite, while investors also assessed a business survey showing domestic factory activity declined in June.
The euro weakened below $1.14, approaching a one-year low after a 2% decline against the US dollar in June.Investors digested softer-than-expected Eurozone inflation data, with the flash CPI report showing headline inflation falling to 2.8% in June and the core rate dropping to 2.4%, offering some…
FED CHAIR WARSH Q&A/SINTRA: NOT GOING TO 'WANDER INTO YEN POLICY IN JAPAN;' 'IT'S MAKING A MOVE; THAT'S ALL'
