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Currency Exchange Rates

All articles tagged with #currency exchange rates

financeeconomy2 years ago•3 min saved

"Asia Markets React to U.S. Rate Scare, Yen Plunge, and Election Defeat"

Asian shares fell as U.S. inflation raised concerns about potential Federal Reserve easing, leading to a 34-year high for the dollar against the yen. The European Central Bank meeting is awaited, and Chinese shares saw mixed performance. U.S. stock futures and Treasuries steadied after a 20 basis point surge in yields. The dollar remained strong against major peers, while metal prices held up despite the strong dollar. Oil prices rose after an Israeli strike in the Middle East, and gold prices approached record highs.

via Reuters|

#asian-bonds #asian-shares #currency-exchange-rates

finance2 years ago•1 min saved

"U.S. Dollar's Rollercoaster Ride: From Tanking to Rebounding Amidst Fed's Rate Cut Talks"

The US dollar continued to decline as investors shifted away from momentum growth stocks following the Federal Reserve's dovish pivot. The dollar index hit its weakest position since August, while US Treasury yields fell to multi-month lows. However, US retail sales unexpectedly rose in November, easing concerns of a recession. The European Central Bank and Bank of England kept their main interest rates unchanged, but signaled that cuts are not imminent. The euro and British pound strengthened against the dollar, while the dollar weakened against the Japanese yen, Swiss franc, Canadian dollar, and Swedish krona.

via Xinhua|

#currency-exchange-rates #federal-reserve #finance