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Dollar hovers near two-week lows ahead of inflation data

The dollar was rooted near a two-week low on Thursday following minutes from the last U.S. Federal Reserve meeting that showed policymakers taking a cautious stance and as investors awaited key inflation data. The dollar index, which measures the U.S. currency against six rivals, was at 105.67, not far from 105.55, its lowest since Sept. it touched on Wednesday.
Sam Holmes Ryan Brandham Ankur Banerjee Carol Kong Commonwealth Bank Market Committee
Source: yahoo.com

Dollar drifts near two-week low ahead of inflation data

The dollar was little changed but hovering near a two-week low on Thursday following minutes from the last Federal Reserve meeting that showed policymakers taking a cautious stance, as investors awaited key U.S. inflation data. Fed officials pointed to uncertainties around the economy, oil prices and financial markets as supporting "the case for proceeding carefully in determining the extent of additional policy firming that may be appropriate," according to the minutes released on We...
Ankur Banerjee Carol Kong Sam Holmes Rob Carnell Ryan Brandham Commonwealth Bank
Source: yahoo.com

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Asian stocks end grim Q3 on brighter note, rate worries linger

Asian shares had their best day in weeks on Friday but were still on track for their worst quarterly performance in a year as worries over elevated interest rates dragged on sentiment, while the dollar wobbled and oil prices held their ground. MSCI's broadest index of Asia-Pacific shares outside Japan gained 1%, and were set for their biggest one-day percentage rise in four weeks. The index though remained close to the 10-month low it touched on Thursday and was set for a 4% drop in the J...
Saudi Arabia Jerome Powell Simon Cameron Moore Ryan Brandham Ankur Banerjee Federal Reserve
Source: yahoo.com

stock market: Asian stocks inch away from 10-month low, rate jitters linger

Meanwhile, data showed the U.S. economy maintained a fairly solid pace of growth in the second quarter and activity appears to have accelerated this quarter, but a looming government shutdown and an ongoing strike by auto workers are dimming the outlook for the rest of 2023.
Saudi Arabia Jerome Powell Ryan Brandham Thomas Barkin Federal Reserve Federal Reserve Bank

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