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The dollar remained near three-week lows on Wednesday, influenced by a cautious tone from Federal Reserve Chair Jerome Powell that kept risk sentiment subdued. Meanwhile, the New Zealand dollar fell after the country’s central bank hinted at potential rate cuts. In his first day of testimony to Congress, Powell stated that a rate cut […]
Dollar dithers on Powell caution; kiwi droops after RBNZ rate hint Read More »
Chinese inflation fell short of expectations in June, prompting ING analysts to argue that this trend supports the need for the People’s Bank of China (PBOC) to further ease monetary policy, likely through interest rate cuts. In June, the Chinese consumer price index (CPI) inflation decreased from the previous month, with the annual figure
Soft Chinese inflation furthers the case for PBOC rate cuts- ING Read More »
The U.S. dollar held steady in early European trading on Wednesday, lingering near a three-week low following the first day of Federal Reserve Chair Jerome Powell’s two-day testimony on Capitol Hill. Meanwhile, the euro remained stable amid ongoing political uncertainty. At 05:25 ET (09:25 GMT), the Dollar Index, which measures the greenback against a basket
Dollar steady ahead of Powell Mark II; euro looks to French politics Read More »
Revised Article: Fed Chair Jerome Powell is set to make another appearance on Capitol Hill Wednesday, with Wall Street trading remaining largely range-bound in anticipation. Meanwhile, Microsoft has decided to relinquish its seat on the OpenAI board, and weak inflation data from China suggests a slowing recovery in this crucial economy. 1. Powell Returns to
Powell returns, Microsoft’s board seat, Chinese inflation – what’s moving markets Read More »
Bitcoin Price Marginally Recovers Amid Supply Concerns, Ether Surges on ETF Speculation Bitcoin’s price saw a slight increase on Tuesday, rebounding from recent losses, while market sentiment remained cautious due to concerns over a potential spike in token supply. Meanwhile, Ether experienced a significant rise amid speculation about an imminent spot exchange-traded fund (ETF). Bitcoin’s
Bitcoin price today: steady at $57k amid Mt Gox fears, Ether up on ETF hopes Read More »
U.S. Dollar Nears One-Month Low as Markets Await Powell’s Testimony The U.S. dollar remained close to its lowest level in almost a month against major peers on Tuesday, still reeling from Friday’s unexpectedly weak jobs report. Traders are now looking forward to Federal Reserve Chair Jerome Powell’s testimony for indications on future interest rates. Euro
Dollar droops before Powell testimony; euro firm after French vote Read More »
Gold Prices Rise in Asian Trade as Traders Await Fed Signals Gold prices increased in Asian trade on Tuesday, recovering some of their overnight losses. This came as traders anticipated dovish signals from Federal Reserve Chair Jerome Powell’s upcoming testimony. Overnight Retreat and Recent Gains The yellow metal had retreated on Monday but maintained
Gold prices advance with Powell testimony in focus. Read More »
Asian Stocks Mostly Rise, Japan’s Nikkei 225 Hits Record High Most Asian stocks rose on Tuesday amid increasing expectations of lower U.S. interest rates. Japan’s Nikkei 225 index reached a record high, while Chinese markets lagged due to ongoing trade war concerns. Positive Cues from Wall Street Regional markets gained momentum from Wall Street,
Asian stocks rise with Nikkei at record highs, China lags on trade fears Read More »
Oil Prices Steady as Markets Monitor Tropical Storm Beryl and Gaza Ceasefire Talks Oil prices stabilized in Asian trade on Tuesday, with markets closely watching the potential impact of Tropical Storm Beryl on U.S. oil production, as well as ongoing ceasefire talks between Israel and Hamas. After experiencing significant losses on Monday due
Oil prices flat with storm Beryl impact, Gaza peace talks in focus Read More »
Yen Hits 38-Year Low Against Dollar Amid Limited Intervention from Japan The yen reached a new 38-year low against the dollar and a record low against the euro on Wednesday, continuing its downward trend as Japanese officials remained largely passive, despite the risk of market intervention. The dollar slightly declined against a basket of
Yen slides to fresh lows, market ‘challenges’ Japan authorities to act Read More »