CurrenciesU.S. dollar dips as Fed’s Powell’s dovish comments offset upbeat jobs dataJuly 2, 202466The dollar was supported by rising U.S. yields and the blowtorch was on low-yielding currencies on Tuesday such as China's...
CryptocurrencyBitcoin Drops Amid ETF Outflows. Trump Wants Crypto to Be ‘Made in the U.S.A.’June 12, 202496Bitcoin and other cryptocurrencies were falling early Wednesday as exchange-traded funds tied to the cryptocurrency faced outflows. However, former U.S. President...
CurrenciesCurrencies tread cautiously after U.S. inflation report, focus on ECBJune 3, 202492Markets are pricing in 37 basis points of cuts this year from the Fed after data on Friday showed the...
CurrenciesDollar rebounds after falling on weaker U.S. inflation, yen ticks upMay 16, 2024113The dollar skidded to multi-month lows on Thursday after U.S. core inflation hit its slowest in three years and retail...
BankingBank of England edges closer to rate cut, possibly in June, as it predicts below-target inflationMay 9, 202488LONDON (AP) — The Bank of England maintained its key U.K. interest rate at a 16-year high of 5.25% though...
CurrenciesDollar steady after soft U.S. jobs report; yen starts week on back footMay 6, 202452On Monday, the yen weakened 0.43% to 153.62 per dollar in early trading, having touched a three-week high of 151.86...
CurrenciesYen retreats after U.S. data as eyes turn from Tokyo to FedApril 30, 2024132The dollar index gained ground after economic data showed U.S. labor costs increased more than expected in the first quarter...
CurrenciesBank of America not bullish on Asian currencies, cites ‘chaotic era’April 24, 202486A Japanese 1,000 yen banknote sits on a pile of South Korean won banknotes for an arranged photograph at a...
CurrenciesDollar firm as U.S. rates and earnings take center stageApril 22, 202478"There will be a focus on the BOJ meeting, but it is too soon for them to alter policy, and...
Economy‘There is no time to waste’: EU leaders want to boost competitiveness to close gap with US and ChinaApril 18, 2024109BRUSSELS (AP) — European Union leaders on Thursday debated a new “European Competitiveness Deal” aimed at helping the 27-nation bloc...