Tag: fed

  • US data buoys dollar as Fed hike expectations nudged higher

    US data buoys dollar as Fed hike expectations nudged higher

    NEW YORK, Aug 26 : The dollar advanced on Wednesday after a batch of U.S. economic data, including a reading on inflation, that slightly pushed up expectations for a rate hike from the Federal Reserve ahead of the Jackson Hole symposium of central bankers this week. The Commerce Department said the Personal C

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  • Dollar range-bound as markets price dovish Fed response

    Dollar range-bound as markets price dovish Fed response

    NEW YORK/LONDON, Aug 18 : The U.S. dollar was trading range-bound against major peers on Tuesday as markets continued pricing in a dovish response from the Federal Reserve in the wake of softer economic data.The euro eased from two-month highs of $1.161 touched on Monday and was last up 0.03 per cent at $1.15

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  • Dollar ticks up on Iran tensions, with US data in focus

    Dollar ticks up on Iran tensions, with US data in focus

    Aug 12 : The U.S. dollar ticked higher on Wednesday, underpinned by renewed Gulf tensions, with markets focused on upcoming U.S. economic data for signals on the Fed’s policy trajectory.Oil prices edged up after the United States and Yemen’s Iran-aligned Houthis reported separate attacks on shipping on Tuesda

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  • Furious pace of AI investment on some Fed officials’ radar now

    Furious pace of AI investment on some Fed officials’ radar now

    Aug 6 : Federal Reserve officials are beginning to mull whether the frenzied investment driving the buildout of the artificial intelligence sector is getting out of hand and creating risks for the financial sector.For now, some of the officials who have tackled the subject call for vigilance, dashed with a se

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  • Trading Day: The only way is up

    Trading Day: The only way is up

    ORLANDO, Florida, Aug 3 : World stocks leaped to record highs on Tuesday, boosted by a relentless stream of strong U.S. and global earnings, with another slump in oil prices on Middle East peace hopes pushing down on bond yields and boosting investor sentiment also.In my column today, I dig deeper into Americ

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  • Bessent ready to repeat joint yen intervention, urges bigger Fed backstop

    Bessent ready to repeat joint yen intervention, urges bigger Fed backstop

    Aug 2 : U.S. Treasury Secretary Scott Bessent said on Sunday he will not hesitate to repeat a U.S. and Japanese coordinated foreign exchange intervention that countered disorderly yen movements and urged that a Federal Reserve backstop for foreign central banks and monetary authorities be “upsized.” Bessent

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  • Fed hawks push yields higher, stocks give back gains

    Fed hawks push yields higher, stocks give back gains

    July 31 : Stocks were mixed on Friday, giving back much of their earlier gains, while longer-dated Treasury yields pushed to new multi-year highs, after several Federal Reserve officials argued that further interest rate hikes are needed to combat inflation.Currency markets also stayed on alert for further in

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  • US dollar finds footing after Fed hold and Iran air strikes

    US dollar finds footing after Fed hold and Iran air strikes

    July 30 : The dollar found its footing on Thursday after the Federal Reserve kept its policy interest rate on hold and Chair Kevin Warsh left markets guessing about how divisions on its rate-setting committee would resolve.The greenback rose against most major currencies after the U.S. said it was conducting

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  • Gold ticks higher as markets brace for Fed decision

    Gold ticks higher as markets brace for Fed decision

    July 29 : Gold prices edged up on Wednesday, supported by some technical buying, as investors hunkered down for the Federal Reserve’s interest rate decision later today.Spot gold gained 0.22 per cent to $4,036.09 per ounce by 0908 GMT , while U.S gold futures for August delivery were steady at $4,037.3.

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  • Gold ticks up ahead of Fed rate decision

    Gold ticks up ahead of Fed rate decision

    July 29 : Gold edged higher on Wednesday, supported by a weaker dollar, as investors awaited the U.S. Federal Reserve’s policy decision and comments from Fed Chairman Kevin Warsh for clues on the inflation and interest rate outlook.Spot gold inched 0.3 per cent higher to $4,040.63 per ounce by 0656 GMT. U.S.

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