SINGAPORE – The US dollar held firm on Friday, heading for a modest weekly gain as investors awaited delayed US inflation data and anticipated that the Federal Reserve would proceed with an interest rate cut next week. The dollar index stood at 98.92, on track for a 0.37% weekly rise, while the euro and sterling […]
Federal Reserve
Dollar edges higher as markets await U.S. inflation data
TOKYO – The U.S. dollar rose slightly against major currencies on Thursday as traders awaited the delayed release of U.S. consumer inflation data and digested renewed trade tensions between Washington and Beijing. The yen weakened to a one-week low against the dollar amid expectations of a major stimulus package from new Prime Minister Sanae Takaichi, […]
Dollar Weakens as U.S. Economic Worries and Trade Tensions Boost Yen and Euro
TOKYO – The U.S. dollar weakened on Friday as concerns about the economy and global trade tensions encouraged expectations of more interest rate cuts by the Federal Reserve. The dollar index, which tracks the greenback against a basket of currencies, was little changed at 98.23, but is set for its biggest weekly drop in almost […]
Asian Stocks Slide as US-China Trade Tensions Flare
SYDNEY– Asian stocks dropped sharply on Monday as fears of a renewed US-China trade war unsettled investors already wary of stretched market valuations. However, Wall Street futures pointed to a recovery as risk appetite began to stabilize. US President Donald Trump’s threat of 100% tariffs on Chinese goods rattled global sentiment, though he later struck […]
Asian Markets Wobble as Wall Street Slips and Commodities Pause Rally
SINGAPORE – Asian stocks limped into Friday’s session on uncertain footing, as declines on Wall Street rippled across global markets and commodity prices eased after a powerful rally. Despite the day’s caution, regional equities remain poised for one of their best years in a decade, outperforming US markets as President Donald Trump’s economic and tariff […]
Gold Eighth Weekly Gain on Rate Cut Bets and Geopolitical Tensions
SINGAPORE – Gold prices held steady below the $4,000 per ounce mark on Friday, poised to log their eighth consecutive weekly gain as global investors weighed geopolitical tensions, inflation pressures, and growing expectations of more US rate cuts. At 0514 GMT, spot gold slipped 0.1% to $3,971.43 per ounce, while US gold futures for December […]
Bank of Japan says no tightening as oil stirs inflation
Tokyo: Japan’s central bank chief said on Friday the country will likely reach its key two-percent inflation target as oil rates surge, but the bank will continue monetary easing policies because the price rises are caused by external factors. The Bank of Japan has struggled to lift inflation for nearly a decade with the world’s […]
Asian markets mixed as inflation fear plays against recovery hope
Hong Kong: Asian markets were mixed Monday as inflation concerns played off against optimism over the global economic recovery, while spiking infections in parts of the region also kept investors on their toes. Wall Street provided a tepid lead at the end of last week, though European equities were given a boost by upbeat eurozone […]