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Asia stocks slide on U.S. rate worries, dollar ascendant Asian stocks sank on Thursday, extending global equity declines after new signs of sustained inflationary pressures in the United States boosted the case for elevated interest rates for longer. The U.S. dollar hung close to the highest since mid-March against major peers, and touched a fresh 10-month top to the yen. Long-term Treasury yields hovered near two-week highs near 4.3%. Brent crude stayed above $90 amid tightening supply, adding to inflation worries. MSCI's broadest ind...
Asia stocks slide on U.S. rate worries, dollar ascendant
Asia stocks slide on U.S. rate worries, dollar ascendant
Source: Reuters
7/09/2023 9:10:10 AM
Dollar set for weekly loss as crucial US jobs data looms The dollar was on course to snap a six-week winning streak against major peers on Friday, as it headed into a pivotal monthly U.S. jobs report that is likely to inform the path for Federal Reserve policy over coming months. The U.S. currency dipped to a one-week low against the yen, weighed down by slumping Treasury yields, after a volatile week when overall soft economic data tempered the outlook for further Fed rate hikes. However, the greenback held on to gains made against the euro ...
Dollar set for weekly loss as crucial US jobs data looms
Dollar set for weekly loss as crucial US jobs data looms
Source: Reuters
1/09/2023 9:15:57 AM
Stocks sink, dollar climbs as risk of hawkish Jerome Powell looms Asian stocks sold off and the dollar scaled an 11-week peak against major peers on Friday, as investors braced for the risk of a hawkish tilt from Federal Reserve Chair Jerome Powell at Jackson Hole. U.S. yields stabilised below 14-year highs. Crude oil found its footing around one-month lows, but remained on course for a second weekly decline amid a firmer dollar and simmering China-centered worries about global growth. Meanwhile, the People's Bank of China set a much stronger-than...
Stocks sink, dollar climbs as risk of hawkish Jerome Powell looms
Stocks sink, dollar climbs as risk of hawkish Jerome Powell looms
Source: Reuters
25/08/2023 8:54:04 AM
Dollar droops as bets build for Fed pause, yuan at 6-mth low The dollar fell to near a three-week low to the euro and a one-month low versus sterling on Wednesday, after unexpectedly soft U.S. inflation data cemented the view that the Federal Reserve will skip an interest rate hike later in the day. China's yuan sagged to a 6-1/2-month trough, continuing its slide after the central bank cut rates on Tuesday, amid speculation even more stimulus is on the way to support the sputtering post-COVID economic recovery. The dollar index - which measu...
Dollar droops as bets build for Fed pause, yuan at 6-mth low
Dollar droops as bets build for Fed pause, yuan at 6-mth low
Source: IANS
14/06/2023 8:57:21 AM
Rupee flat on-week, premiums fall; key U.S. data in focus The Indian rupee rose against the dollar on Friday, boosted primarily by the Chinese yuan's rally that helped it recover from losses accumulated through the week. The rupee climbed to 82.44 per U.S. dollar on Friday, up from 82.88 in the previous session. The rupee received a boost from the recovery in yuan, on hopes of relief in U.S.-China tensions and Beijing easing the pandemic curbs. The offshore yuan rose 0.8% to 7.2684 to the dollar. China equity index, the Shanghai Composite,...
Rupee flat on-week, premiums fall; key U.S. data in focus
Rupee flat on-week, premiums fall; key U.S. data in focus
Source: Reuters
4/11/2022 8:38:31 AM
Oil slips on China COVID curbs, weak factory activity data Oil prices fell on Monday following weaker-than-expected factory activity data out of China and on concerns its widening COVID-19 curbs will curtail demand. Brent crude futures dropped 63 cents, or 0.7%, to $95.14 a barrel by 0420 GMT, after slipping 1.2% on Friday. U.S. West Texas Intermediate (WTI) crude was at $87.43 a barrel, down 47 cents, or 0.5%, after settling down 1.3% on Friday. "The purchasing managers' index (PMI) data contracting adds to the post-China congress ...
Oil slips on China COVID curbs, weak factory activity data
Oil slips on China COVID curbs, weak factory activity data
Source: Reuters
31/10/2022 9:28:43 AM
Gold hits one-week high on weaker dollar, economic concerns Gold prices rose to a one-week high on Friday as dollar weakened, while growing economic concerns put bullion on track for its best week since atleast late-March. A weaker greenback makes bullion attractive for overseas buyers, while gold is also considered a safe haven during times of political and economic uncertainty. Spot gold was up 0.2% at $1,846.09 per ounce by 1229 GMT, after climbing about 1.9% in the last session. U.S. gold futures rose 0.2% to $1,844.20. Recession fears ha...
Gold hits one-week high on weaker dollar, economic concerns
Gold hits one-week high on weaker dollar, economic concerns
Source: Reuters
20/05/2022 8:35:50 PM