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Source: Live Mint Fed Chair Powell signals no rush for rate cuts Dollar sits near 1-yr top, euro struggles amid policy divergence Asian shares set to end brutal week on steadier note Yen bears on alert as Japan issues FX warning SYDNEY, – The U.S. dollar was poised for a big weekly gain on Friday,…
Source: Live Mint HOUSTON -Oil prices turned positive on Wednesday after falling by more than $2, despite U.S. crude stocks rising by more than expected, according to the Energy Information Administration . Brent crude oil futures were up 38 cents, or 0.5%, at $75.91 per barrel by 11:07 a.m. EDT. U.S. West Texas Intermediate crude…
Source: Live Mint In the past month, the global equity market had exhibited volatility and mixed performance leading towards the pivotal FOMC decision of September 18. It was highly anticipated that the Fed would break its hawkish policy started since early 2022 and shift to an accommodative monetary policy by initiating a 25bps cut. The…
Source: Live Mint By Chibuike Oguh and Samuel Indyk NEW YORK/LONDON – The U.S. dollar fell to a more than one-year low versus the yen on Monday, as expectations increased that the Federal Reserve could deliver a supersized cut to interest rates later this week. The Fed had been widely expected to announce at least…
