THURSDAY’S ASIA-PACIFIC OUTLOOK Asia-Pacific markets are set to trade higher after a rosy New York trading session. Traders moved into risk assets following the Federal Reserve’s policy announcement. The market trimmed future bets on aggressive rate hikes, dragging on Treasury yields and the US Dollar. The tech-heavy Nasdaq-100 Index (NDX) rose more than...
JAPANESE YEN TALKING POINTS USD/JPY carves a series of lower highs and lows after failing to test the September 1998 high (139.91), but the Bank of Japan (BoJ) interest rate decision may prop up the exchange rate as the central bank remains reluctant to move away from its easing cycle. USD/JPY PULLBACK EMERGES...
WEDNESDAY’S ASIA-PACIFIC OUTLOOK Asia-Pacific Markets are set to open higher after stocks and other risk assets rallied in New York overnight. The benchmark S&P 500 rose 2.76% as traders brushed aside disappointing corporate earnings reports. A softening in Federal Reserve rate hike bets is supporting risk taking, with traders betting that the...
By Saikat Chatterjee LONDON (Reuters) - The dollar consolidated near a two-decade high on Friday as traders flirted with the prospect of a 100 basis point rate hike by the Federal Reserve later this month, while the euro was pinned near parity. Currencies perceived as riskier, including the Aussie and the pound, were...
By Elizabeth Howcroft LONDON (Reuters) - The euro edged higher on Wednesday, hovering just above parity with the U.S. dollar on Wednesday while traders focused on U.S. data due later in the session that is expected to show inflation at a 40-year high. European stock markets were in the red and...
By Peter Nurse Investing.com - The U.S. dollar edged higher in early European trade Wednesday, while the euro languished close to parity ahead of the release of key U.S. inflation data which could cement further hefty rate hikes by the Federal Reserve. At 03:10 AM ET (0710 GMT), the Dollar Index, which...

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