Asia FX Muted as Hawkish Fedspeak Curbs Dollar Losses

By Ambar Warrick  Investing.com– Most Asian currencies moved little on Wednesday as hawkish comments from Federal Reserve officials helped stem recent losses in the dollar, while the Japanese yen hovered around 32-year lows as traders looked past threats of government intervention.  The fell as far as 149.29, its weakest level against the dollar since 1990, … Read more

Crude Oil Benefits From Improved Sentiment; Bounces After Hefty Losses

By Peter Nurse    Investing.com — Oil prices rose Monday, bouncing after the previous week’s sharp losses, helped by the improved risk sentiment, but concerns over the demand outlook remain as global economic growth slows. By 09:40 ET (13:40 GMT), futures traded 1.7% higher at $86.11 a barrel, while the contract rose 1.7% to $93.17.  The … Read more

Stocks Soar After Reversing Losses on Hotter Than Expected Inflation Report

By Liz Moyer Investing.com — U.S. stocks were in a sharp reversal, rising after earlier losses as investors absorb inflation data for September that showed inflation is running hotter than expected. At 11:55 ET (15:55 GMT), the was up 543 points or 1.8%, while the was up 1.7% and the was up 1.5%. The inflation … Read more

E-commerce losses due to online fraud to exceed $48 bn globally

New Delhi, Oct 12 (IANS) Triggered by the growing use of digital wallets, the total cost of e-commerce fraud to merchants is likely to exceed $48 billion globally in 2023, from just over $41 billion in 2022, a report showed on Wednesday. This growth will be accelerated by the increasing use of alternative payment methods, … Read more

Asia FX Weakens as Dollar Steadies From Recent Losses

By Ambar Warrick  Investing.com– Most Asian currencies crept lower on Monday as concerns over worsening global economic growth kept the dollar close to a 20-year peak, while Australian and New Zealand currencies rose ahead of their respective interest rate decisions this week.  The rose 0.6%, while the added 0.8%. Central banks in both countries are expected … Read more

Chinese Yuan Hit by Mixed PMIs, Asia FX Eyes Steep Monthly Losses

By Ambar Warrick Investing.com– China’s yuan fell on Friday following mixed signals from business activity data, while Asian currencies headed for steep monthly losses as a hawkish Federal Reserve and a robust dollar sparked sharp outflows. The fell 0.1%, while the shed 0.5% after showed the country’s manufacturing sector unexpectedly grew in September. But a … Read more

Asian Stocks Slump, Head For Sept Losses as Economic Outlook Darkens

By Ambar Warrick  Investing.com– Asian stocks tumbled on Friday and were set for deep monthly losses as a worsening outlook for the global economy and continued hawkish signals from major central banks decimated appetite for risk-driven assets. Regional stocks took a weak lead-in from Wall Street indexes, which slumped in overnight trade as investors worried that … Read more

Oil Prices Head for Third Week of Losses as Recession Fears Bite

By Ambar Warrick  Investing.com– Oil prices inched up on Friday, but were headed for a third straight week of losses on fears that COVID disruptions in China and a potential economic recession will decimate crude demand this year. The prevention of a possible U.S. railroad strike, which was expected to disrupt local crude supply, also dented … Read more

Gold, Copper Head for Sharp Weekly Losses as Fed Rate Risks Increase

By Ambar Warrick  Investing.com– Gold and Copper prices moved little on Friday, and were set for steep weekly losses as growing expectations of more sharp interest rate hikes by the Federal Reserve boosted the dollar and dented metal markets. prices were unchanged around $1,664.31 an ounce, while fell 0.3% to $1,673.15 an ounce by 20:21 ET … Read more

Market Brief: Nifty, Sensex Recoup Early Losses, VIX Surges, Nifty IT Tanks

By Malvika Gurung Investing.com — The domestic market crashed on Wednesday amid glum cues from global markets after white-hot inflation in the US for August sent shockwaves across markets globally.  Indian equity benchmark indices and opened deep in red, shedding up to 1.3% each in early trade, as higher-than-expected US CPI data fuelled concerns of … Read more