Most Asian stocks rose sharply on Thursday as the Federal Reserve said it was done raising interest rates and will consider cuts in 2024, although persistent concerns over an economic slowdown in China kept gains in check. Australia’s ASX 200 was among the top performers for the day, up 1.6% on strength in banks and commodity stocks. […]
Bullish bets firmed on most emerging Asian currencies as expectations of an end to U.S. interest rate hikes triggered an easing in the greenback, boosting investors’ appetite for riskier assets, a Reuters poll showed on Thursday. Long positions on the Taiwanese dollar, the South Korean won and the Singapore dollar strengthened, according to a fortnightly […]
The U.S. dollar fell close to four-month lows in early European trade Thursday after the Federal Reserve signaled rate cuts next year, with the European Central Bank and the Bank of England set to meet later in the session. At 04:05 ET (09:05 GMT), the Dollar Index, which tracks the greenback against a basket of […]
The dollar fell to a two-week low against the euro and a more than four-month low against the Japanese yen in a broad based selloff on Thursday, after the Federal Reserve on Wednesday indicated that rate cuts are likely next year. The euro and pound, meanwhile, were supported by the European Central Bank and the […]
The dollar dipped in European trade on Thursday, as markets remained on edge before key U.S. labor data, while the yen appreciated as Bank of Japan Governor Kazuo Ueda offered more cues on a potential pivot away from the central bank’s ultra-dovish stance. At 06:42 ET (11:42 GMT), the U.S. dollar index, which tracks the greenback […]
The EUR/USD currency pair experienced a slight recovery today, halting its six-day downward trend amid a broader sell-off of the US dollar and increased buying interest in the Japanese yen. The pair had reached a multi-week low since November 14 but found some support in the mid-1.0700s. This rebound comes despite expectations that weaker equity markets may […]
