US Dollar Soars on Fed Fears. Forecast as of 03.07.2024
Politics may become one of the reasons for a federal funds rate cut in September. Donald Trump is steadily moving towards the US President’s chair, and the Fed may want…
Dollar Index Rises Amid Trump Optimism
The Dollar Index rose sharply amid growing Trump optimism, reflecting heightened expectations of a second Donald Trump presidency. Investors reacted positively to recent political developments and economic indicators, driving the…
Gold prices gain some ground as dollar falls on rate cut hopes
Investing.com– Gold prices rose in Asian trade on Wednesday, seeing some relief as the dollar retreated on some positive comments from Federal Reserve Chair Jerome Powell. But the yellow metal…
Oil rises on US crude inventory draw, Mideast tensions
By Yuka Obayashi and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices rose on Wednesday after industry data showed a bigger-than-expected draw in U.S. crude stockpiles, while the market kept tabs on…
High-tech cash: Japan launches banknotes with hologram portraits
By Irene Wang and Kantaro Komiya TOKYO (Reuters) – Japan began circulating its first new banknotes in 20 years on Wednesday, featuring three-dimensional portraits of the founders of financial and…
Asia FX steadies as dollar dips after Powell comments; yen intervention eyed
Investing.com– Most Asian currencies steadied on Wednesday tracking some overnight weakness in the dollar after Federal Reserve Chair Jerome Powell flagged progress towards bringing down inflation. The Japanese yen remained…
S.Korea sees stronger growth, vows to support sectors hit by high interest rates
SEOUL (Reuters) -South Korea’s government has prepared financial support for small businesses struggling due to high interest rates, President Yoon Suk Yeol said on Wednesday, as it revised up its…
Dollar on the defensive amid lower yields, yen hovers near 38-year trough
By Kevin Buckland TOKYO (Reuters) – The dollar remained on the back foot on Wednesday after dovish comments from Federal Reserve Chair Jerome Powell sent U.S. bond yields lower, overshadowing…
S.Korea sees stronger growth, vows support for small businesses
SEOUL (Reuters) -South Korea’s government has prepared financial support for small businesses struggling due to high interest rates, President Yoon Suk Yeol said on Wednesday, as it revised up its…
S.Korea prepares support for small businesses, tax cuts for corporates
SEOUL (Reuters) – South Korea’s President Yoon Suk Yeol said on Wednesday consumer inflation is stabilising in Asia’s fourth-largest economy as headline inflation has slowed for a third straight month…
