Dollar clings to 2-month peak as Fed rate-hike bets mount, yen slides
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Dollar clings to 2-month peak as Fed rate-hike bets mount, yen slides
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was little changed at 100.31. (Reuters pic) HONG KONG, The US dollar clung to a more than two-month high on Thursday as markets ramped up wagers on Federal Reserve rate hikes this year, hea»»»
Dollar clings to two-month peak as Fed rate-hike bets mount, yen slides
HONG KONG, June 18 : The U.S. dollar clung to a more than two-month high on Thursday as markets ramped up wagers on Federal Reserve rate hikes this year, heaping fresh pressure on the Japanese yen toward intervention territory. The U.S. central bank held rates steady in a 3.50 per cent-3.75 per cen»»»
‘A difficult boss’: StanChart CEO Winters issues major statement on Warsh’s new Fed role
Standard Chartered CEO Bill Winters officially declared that incoming Federal Reserve chair Kevin Warsh will experience a challenging operating landscape and a “difficult boss”. The announcement made on Tuesday in wake of political influence on Warsh to cut rates even as inflation remains high in c»»»
Asia markets dip as gold hits record high on safe haven rush
HONG KONG, Sept 3 — Asia markets were down on Wednesday while gold extended its six-day rally after reaching a record high as investors sought safe havens following a selloff in equity and bond markets. Bullion for immediate delivery hit a fresh record as Asia markets opened, climbing 0.4 per cent »»»
D-Street bulls, rupee pull off stellar weekly show on Fed cues
The NSE Nifty gained 0.69% or 159.75 points to finish at 23,350.40. The BSE Sensex rose 0.73% or 557.45 points to close at 76,905.51. The Sensex and Nifty jumped 4.3% this week - the best weekly performance since July 2022 and February 2021, respectively. "As the benchmark indices have moved up, so»»»
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