Asia FX Takes Little Relief From Post-CPI Risk Rally

By Ambar Warrick  Investing.com– Most Asian currencies fell on Friday and were set to end the week lower as hotter-than-expected U.S. inflation drove up fears of more hawkish interest rate hikes by the Federal Reserve in the coming months.  The fell 0.1%, and was one of the worst performers this week, down 1.5% in its ninth … Read more

Dow Futures Slip After Indices Continue Relief Rally

By Oliver Gray  Investing.com – U.S. stock futures were trading lower during Tuesday’s evening deals, after major benchmark indices extended gains for the second consecutive session after a weaker than expected reading boosted bets that the Federal Reserve will ease aggressive interest rate hikes. By 7:10pm ET (11:10pm GMT) , and fell 0.3% apiece while … Read more

Dow Futures Trade Mixed Following Relief Rally

By Oliver Gray  Investing.com – U.S. stock futures were trading mixed during Monday’s evening deals, following a strong relief rally among major benchmark indices during the regular session as weaker than expected ISM manufacturing data came in weaker than expected, boosting expectations of further monetary policy support from the Federal Reserve. By 7:00pm ET (11:00pm … Read more

Dollar Surges Higher, Pound Retreats as BOE Relief Doesn’t Last

By Peter Nurse Investing.com – The U.S. dollar resumed its seemingly relentless march higher in early European trading Thursday, while sterling slumped as the relief rally attached to the Bank of England’s intervention into the bond market dissipated. At 03:10 ET (07:10 GMT), the , which tracks the greenback against a basket of six other … Read more

Asia FX Sees Little Relief as Dollar Resumes Climb

By Ambar Warrick  Investing.com– Most Asian currencies fell on Thursday, taking little support from a recent dip in the dollar as fears of rising interest rates and a looming recession kept the greenback close to 20-year highs. The rose 0.7% to 113.30, while added 0.6% after marking their sharpest fall in 1-½ months on Wednesday.  While … Read more

US South to Get Most Relief From Biden’s Student-Debt Plan, NY Fed Says

(Bloomberg) — President Joe Biden’s loan-forgiveness plan will wipe out about one-third of student debt owed to the federal government, with lower-income borrowers and those living in Southern states getting the biggest boost, according to analysis by the Federal Reserve Bank of New York. The proposal would eliminate federally-held balances for about 40% of borrowers, … Read more

Asia FX Sees Little Relief as Dollar Rally Pauses; ECB in Focus

By Ambar Warrick Investing.com– Most Asian currencies moved in a flat-to-low range on Thursday as the dollar came off 20-year highs, with focus turning to an upcoming European Central Bank meeting for more cues on global monetary policy tightening. and the traded sideways, while the sank 0.6%. was an outlier, falling 0.4% and hovering around … Read more