Ben Randol News Today

Australian shares are set to lift 1 per cent at the open buoyed by Wall Street. In contrast, the $A has tumbled more than 1 per cent.

Get ready for a 76 cent loonie

Get ready for a 76 cent loonie

By Reuters Staff 5 Min Read (Reuters) - Investors are laser-focused on Federal Reserve Chair Jerome Powell on Wednesday and crucially the bond market’s reaction to the central bank’s policy-setting committee meeting, with benchmark U.S. Treasury yields at 13-month highs. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie Federal Reserve officials are due to issue new economic projections on Wednesday, with an upgrade to GDP gr...

2021-03-12 06:35:52 GMT2021-03-12 14:35:52(Beijing Time) Xinhua English NEW YORK, March 11 (Xinhua) -- The new stimulus package worth 1.9 trillion U.S. dollars signed into law by U.S. President Joe Biden on Thursday could not only heat up economic expansion and inflation, but also reverse international capital flows, according to experts. U.S. real GDP will grow at over 7.5 percent in 2021 by using a fairly conservative assumption regarding the size of the fiscal multiplier, said Prajakt...

The new stimulus package worth 1.9 trillion U.S. dollars signed into law by U.S. President Joe Biden on Thursday could not only heat up economic expansion and inflation, but also reverse international capital flows, according to experts. U.S. real GDP will grow at over 7.5 percent in 2021 by using a fairly conservative assumption regarding the size of the fiscal multiplier, said Prajakta Bhide, U.S. economy and policy strategist with MRB Partners, a New York-based private research firm, on Thur...

The Globe and Mail Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file ... This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow Daragh Maher, HSBC’s U.S. head of foreign exchange strategy, sees a robust case for loonie appreciation, “The case favoring the ...

What you need to know about markets this week: Bidens spending plans, bitcoins blues and an unloved dollar vye with the first Fed meeting and a look at US GDP avcooper@businessinsider.com (Amanda Cooper) © Nur Photo/Getty Images President Bidens Twitter page. He wasted no time in revealing his spending plans. Nur Photo/Getty Images Joe Biden has been sworn in as the 46th president and wasted no time in unveiling his spending plans. Stocks hit record highs thanks to the prospe...

President Biden's Twitter page. He wasted no time in revealing his spending plans. Nur Photo/Getty Images Joe Biden has been sworn in as the 4...

Victory for the Democratic party in this week’s Senate run-offs will add to the long-term pressure on the US dollar, which was already expected to continue its slide this year, analysts say. The dollar has kicked off 2021 on a subdued note after notching up losses of 7 per cent last year against a basket of its peers. This week, it touched its weakest levels since April 2018, helping to push the euro and the Chinese renminbi to multiyear highs. The US currency has been on a losing streak sin...