The dollar edged higher on Friday but was on track for its biggest weekly drop in nearly four months as traders lowered Federal Reserve rate hike expectations amid signs the U.S.
The dollar was set for its biggest weekly drop in nearly four months as traders lowered Federal Reserve rate hike expectations amid signs the U.S.
The U.S. dollar sank to a one-month low versus major peers on Friday as traders lowered Federal Reserve rate hike expectations amid signs the central bank might slow or even pause its tightening cycle in the second half of the year.
U.S. stocks were indicating a higher open on Wall Street and world stocks eyed their first weekly gain in eight on Friday on a more upbeat earnings view and after this week's Federal Reserve minutes dampened fears of mega-high interest rates.
World stocks were heading for their first weekly gain in eight weeks on Friday on a more upbeat earnings view while the dollar hit one-month lows after the Federal Reserve's minutes suggested it could put the brakes on rapid rate hikes later this year.
World shares rose and the dollar weakened on Friday after data showed that U.S.
Asian shares on Friday extended overnight global gains thanks to strong results from regional tech firms and U.S.
Asian shares extended overnight global gains thanks to strong results from regional tech firms and U.S.
Japan's net external assets hit a record 411 trillion yen ($3.24 trillion) in 2021, to retain its position as the top creditor for 31 years in a row, the Ministry of Finance (MOF) said on Friday.
Britain will sign its first state-level trade agreement with the U.S.
New Zealand's house prices are forecast to sink 9.0% this year as aggressive interest rate hikes take some heat out of the blazing housing market amid a worsening cost of living crisis, keeping potential buyers on the sidelines, a Reuters poll found.
The world is moving rapidly toward increasing use of digital payments and an official digital version of the U.S.
The British government's 5 billion pound ($6.29 billion) windfall tax plan for oil and gas producers includes an incentive for those producers to pump more fossil fuels, riling climate activists who had called for the tax.
The number of Americans filing new claims for unemployment benefits fell more than expected last week as the labor market remains tight amid strong demand for workers despite rising interest rates and tightening financial conditions.
The number of Americans filing new claims for unemployment benefits fell more than expected last week as the labor market remains tight amid strong demand for workers despite rising interest rates and tightening financial conditions.
Norwegian fertiliser giant Yara says donors urgently need to close the U.N.'s $10 billion food programme funding gap to avoid a catastrophe as sanctions on Russian fertilisers and Ukraine's grain export problems have created an extreme global shock.
Wall Street closed sharply higher on Thursday after optimistic retail earnings outlooks and waning concerns about overly aggressive interest rate hikes by the Federal Reserve put investors in a buying mood.
Wall Street closed sharply higher on Thursday after a raft of solid retail earnings and easing concerns about overly aggressive interest rate hikes by the Federal Reserve put investors in a buying mood.
Wall Street surged on Thursday in a broad rally as a raft of solid retail earnings and soft economic data eased lingering concerns that the Federal Reserve's aggressive policy tightening would extend beyond expectations.
U.S. stock indexes climbed in a broad-based rally on Thursday after upbeat annual forecasts from several retailers, while data confirmed the U.S.
Hungary's blue-chip stocks slumped on Thursday, with oil and gas group MOL and OTP leading losses after Budapest said it would impose windfall taxes on banks' and companies' "extra profits" to plug a budget gap.
Bank of Japan Governor Haruhiko Kuroda said on Thursday the central bank can execute a smooth exit from its ultra-loose monetary policy, though doing so "won't be easy".
Britain announced a 25% windfall tax on oil and gas producers' profits on Thursday, alongside a 15 billion pound ($18.9 billion) package of support for households struggling to meet soaring energy bills.
Britain must pay for increased support to households in a way that does not deter investment, Cabinet Office minister Steve Barclay said on Thursday ahead of an expected announcement of new measures to cope with rising energy bills.
Britain must pay for increased support to households in a way that does not deter investment, Cabinet Office minister Steve Barclay said on Thursday ahead of an expected announcement of new measures to cope with rising energy bills.
China's property market, a key pillar of the world's second-largest economy, has weakened sharply in the past year as a result of a government clampdown on excessive borrowings by developers, and a COVID-19-induced economic slowdown.
German home prices will rise faster this year than thought only three months ago, as a supply shortage outweighs a deepening cost of living crisis and the prospect of higher interest rates, a Reuters poll found.
The U.S. dollar edged lower on Thursday as markets considered whether the Federal Reserve might slow or even pause its tightening cycle in the second half of the year, which would weaken the allure of the safehaven currency.
The U.S. dollar was little changed on Thursday, hovering above a one-month low, as minutes from the Federal Reserve's May meeting contained few surprises, with most participants favouring additional 50 basis point rate hikes at the June and July meetings.
The dollar hovered near a one-month low on Thursday as minutes from the Federal Reserve's May meeting confirmed the potential for a pause in rate hikes after likely further increases in June and July.
