Page 23 - Frx News Today

The U.S. dollar held near a seven-week peak on Thursday, after President Joe Biden and top U.S. congressional Republican Kevin McCarthy worked towards avoiding a damaging debt default, while the Aussie dollar slipped after disappointing jobs data.

South Africa's rand weakened on Wednesday after worse-than-expected March retail sales data, and as the dollar hit a six-week high.

Australia employment unexpectedly dipped in April after two months of outsized gains, and the jobless rate also ticked up in a sign the red-hot labour market might be cooling, bolstering the case for a pause in interest rate hikes next month.

A look at the day ahead in European and global markets from Kevin Buckland

A look at the day ahead in U.S. and global markets from Naomi Rovnick

As Japan's stock market roars to multi-decade highs, large investors with long memories say they are staying out, wary of sagging momentum and the prospect the central bank will unwind its massive monetary stimulus.

Chile's economy grew for the second quarter in a row in early 2023 but failed to impress market participants as recovery in the world's largest copper producer appears to remain hesitant.

A look at the day ahead in Asian markets from Jamie McGeever.

A look at the day ahead in European and global markets from Ankur Banerjee

The dollar was firm on Wednesday, supported by a safety bid as the U.S. hurtled toward its borrowing limit and boosted after solid economic data had traders trimming bets on imminent rate cuts.