Page 6 - May Fed News Today

* Asian stock markets : https://tmsnrt.rs/2zpUAr4 * Brent jumps 5% as OPEC+ announces supply cuts * Nikkei edges up, but U.S. stock futures ... | 01:39am

* Asian stock markets : https://tmsnrt.rs/2zpUAr4 * Brent jumps over 5% as OPEC+ announces supply cuts * Nikkei edges up, but U.S. stock fut... | 11:27pm

We had called for EUR/USD to break 1.10 this week. This is still a possibility, but the surprise oil production cut announced by OPEC+ is raising inflation…

OPEC+ output cut gives Dollar a lifeline. However, economists at ING still see the US Dollar Index at risk of falling toward 102.00. This week, focus

Oil prices surged on Monday after Saudi Arabia and other OPEC+ producers announced a surprise cut in their output target, a move that rippled through stock markets and boosted the dollar due to... | April 3, 2023

SINGAPORE/LONDON—The dollar rose against other major currencies on Monday as fears over inflation resurfaced after a surprise announcement ...

The dollar rose against other major currencies on Monday as fears over inflation resurfaced after a surprise announcement by major oil producers to cut production targets further, with traders wagering the Federal Reserve may need to increase interest rates again at its next meeting.

The last week of the first quarter was relatively quiet as markets continued to digest last week’s Federal Reserve decision and the potential implications of regional bank stress on credit conditions. In terms of economic data, we received updates on housing, consumption, and inflation. Equity markets drifted higher on the week, with the S&P 500 up 2.5%, while the 2-year Treasury yield rose by roughly 30 basis-points (bps) to sit at 4.1% as of the time of writing – still about 90bps belo...

USD/CNH renews weekly low near 6.8440 during early Friday, declining for the second consecutive day amid broad US Dollar weakness and upbeat China dat

NZD/USD renews the highest levels of the week, taking bids to refresh the multi-day top near 0.6300 on upbeat China activity data for March, published