War Wakes Gold Up
The only reason the dollar hasn’t declined on the foreign exchanges is the lack of an attractive currency alternative.
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The only reason the dollar hasn’t declined on the foreign exchanges is the lack of an attractive currency alternative.
Early trends on the U.S. Futures Index suggest that Wall Street might open mostly lower on Thursday. Asian shares finished down, while European shares are trending down with shares in London off the most.
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Mirroring the broadly positive cues from the global markets overnight, Asian stock markets are trading mostly higher on Wednesday, as worries about the outlook for interest rates eased a bit after dovish comments from some US Fed officials lowered expectations for further interest rate hikes for now.
After opening on a slightly subdued note, U.S. stocks climbed higher and held firm right through the day's session on Tuesday to eventually close with solid gains.