Dollar edges higher against major currencies as traders weigh US data Hellenic Shipping News Worldwide The U.S. dollar was flat against major currencies on Friday as markets digested a slew of economic data that supported the Federal Reserve’s current monetary policy path. A gauge of U.S. producer prices was unchanged in September, the Labor Dep...
Dollar bulls suffer setback as traders add to Fed cut bets Hellenic Shipping News Worldwide The U.S. dollar fell from two-month highs hit overnight versus its major peers after signs of weakness in the labour market boosted the case for quicker Federal Reserve rate cuts. Despite that, the dollar on Friday remained on track for a second stra...
FX Daily: Sticky rates, sticky dollar Hellenic Shipping News Worldwide USD: Looking outside of the US The latest batch of US data has sent contrasting signals to the Federal Reserve and to the markets. CPI inflation was hotter than expected and the core rate re-accelerated from 3.2% to 3.3% year-on-year on the back of a...
Dollar edges down against yen after data shows uptick in US inflation, jobless claims Hellenic Shipping News Worldwide The U.S. dollar edged lower against the yen on Thursday after data showed signs of labor market weakness and a higher-than-expected rise in U.S. inflation in September even though prices were on a downward trend, allowing the Federal Reserve to keep ...
Stumbling Asian shares find China’s stimulus pledges uninspiring Business Day Singapore — Asian stocks swung between gain and loss on Monday as investors struggled to reach a consensus view on China’s broad economic stimulus promises made over the weekend which were light on specifics. | Finance minister Lan Foan at a closely watched news conference on Saturday pledged to “significantly increase” debt, but left inves...
