Page 48 - Raphael Bostic News Today

Another marked drop in the Greenback favoured a strong advance in EUR/USD, which managed to not only trespass the 1.0800 yardstick, but also flirt with the critical 200-day SMA in the 1.0830-10840 band on Wednesday.

The US Dollar Index (DXY), which gauges the value of the US Dollar (USD) against the six major currencies, remains in the negative territory for the third successive day, hovering around 104.20 during the Asian trading hours on Thursday.

The Australian Dollar (AUD) continues to gain ground on the third successive session after improved Judo Bank Purchasing Managers Index (PMI) data released on Thursday.

A look at the day ahead in U.S. and global markets by Harry Robertson... -April 04, 2024 at 06:02 am EDT - MarketScreener

Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chairman Jerome Powell said Wednesday, despite recent reports showing that the U.S. economy is still strong and that U.S. inflation picked up in January and February.

Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chairman Jerome Powell said Wednesday, despite recent reports showing that the U.S. economy is still strong and that U.S. inflation picked up in January and February.

Data Jerome Powell wants, and data Jerome Powell shall get. The Federal Reserve chair on Wednesday continued to play a familiar tune. "Given the strength of the economy and progress on inflation so far, we have time to let the incoming data guide our decisions on policy," he said in a speech at Stanford University.

U.S. GDP significantly outpaced countries like Japan and Canada last year, the International Monetary Fund estimated in January.

Stocks last week turned in their best start to the year since 2019. The start of the second quarter has been less picturesque.

U.S. GDP significantly outpaced countries like Japan and Canada last year, the International Monetary Fund estimated in January.