Dollar Gains as Surprise OPEC+ Cut Adds to Inflation Conundrum
SINGAPORE/LONDON—The dollar rose against other major currencies on Monday as fears over inflation resurfaced after a surprise announcement ...
Source: theepochtimes.com
Page 12 - May Fed News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from May Fed. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In May Fed Today - Breaking & Trending Today
Dollar gains over oil output reduction plan
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.
Source: thedailystar.net
The Weekly Bottom Line: Quiet End to a Volatile Quarter
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 below its cyclical peak of 5% at the start of the month.
Source: actionforex.com
USD/CNH plummets below 6.8500 on firmer China PMIs ahead of Fed's favorite inflation data
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
Source: fxstreet.com
NZD/USD jumps to fresh weekly high near 0.6300 on upbeat China PMI
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
Source: fxstreet.com