Dollar, yen hold tight ranges ahead of BOJ, Fed By Reuters – Investing.com
Bridget Riley TOKYO (Reuters) – The dollar and yen traded within a narrow range on Tuesday as traders awaited a string of major central bank decisions, starting with midweek monetary policy meetings by the Bank of Japan and the U.S. Federal Reserve. The Japanese yen, which surged more than 2 percent against the dollar last […]
Aussie, kiwi dollars struggle on China's rate cuts; dollar adrift By Reuters – Investing.com
By Ray Wee SINGAPORE (Reuters) – The Australian and New Zealand dollars languished near multi-week lows on Tuesday after China cut several key interest rates, while the greenback was little changed awaiting fresh stimulus measures. China surprised markets on Monday by cutting key short- and long-term interest rates for the first time since August last […]
Standard Chartered boosts private bank team with 14 new hires By Reuters – Investing.com
HONG KONG (Reuters) – Standard Chartered Bank (OTC:) has hired a dozen new bankers for its private banking divisions in Singapore, Hong Kong and the United Arab Emirates as it seeks to expand its wealthy business, the bank said on Thursday. The hires also include Nicholas Cheng, who joined as head of the private markets […]
Dollar steadies as Sept rate cut back in focus, yen wobbles By Reuters – Investing.com
Ankur Banerjee SINGAPORE (Reuters) – The dollar edged up from a five-week low on Tuesday as investors weighed the possibility of a September interest rate cut following comments from Federal Reserve Chairman Jerome Powell and pondered the growing chances of former U.S. President Donald Trump being re-elected. The Japanese yen came under pressure again as […]
Oil prices tick down on worries about Chinese demand By Reuters – Investing.com
Investing.com — Gold prices rose in Asian markets on Tuesday, approaching new highs amid growing expectations that the Federal Reserve will start cutting interest rates from September. However, gold’s gains were limited by a firmer dollar, which strengthened on growing expectations that President Donald Trump will be re-elected. As of 00:46 ET (04:46 GMT), it […]
Asian shares fall as China drags, dollar in demand By Reuters – Investing.com
Stella Chiu SYDNEY (Reuters) – Asian shares fell on Tuesday as investors pondered a possible Donald Trump victory and its impact on China, while the dollar rose for a second straight day despite dovish comments from the Federal Reserve that raised expectations of a U.S. interest rate cut this year. MSCI’s broadest index of Asia-Pacific […]
Treasuries slip, dollar firm as markets grapple with US politics By Reuters – Investing.com
Investing.com — The Dow Jones Industrial Average closed at a record high on Monday as expectations of a rate cut in September increased after Federal Reserve Chairman Jerome Powell said recent inflation readings boosted confidence. As of 4 PM ET (9 PM GMT), the was up 210 points, or 0.5%, to close at a record […]
Aussie banks to return $19 million charged in high fee to low-income customers By Reuters – Investing.com
(Reuters) – Four Australian banks will refund a combined A$28 million (U.S. $18.95 million) to low-income customers after an investigation by the corporate regulator found they were kept in bank accounts that charged high fees when they were eligible for cheaper products. A report released on Monday by the Australian Securities and Investments Commission (ASIC) […]
Japan households' inflation expectations heighten, quarterly survey shows By Reuters – Investing.com
(Refiled to remove unnecessary figures from paragraph 7. Article previously amended to correct comparison period in same paragraph) Medha Singh and Ankika Biswas (Reuters) – Wall Street got off to a subdued start on Friday as investors digested mixed earnings from big banks, while a slightly better-than-expected producer price index helped temper expectations that the […]
Storm Beryl kills three, knocks out power for 2.7 million in Texas By Reuters – Investing.com
Investing.com — Gold prices edged up in Asian markets on Wednesday after comments from Federal Reserve Chairman Jerome Powell increased speculation about when the central bank might start cutting interest rates. Among industrial metals, copper prices fell, losing much of their recent recovery following mixed inflation signals from China, the largest copper importer. Gold has […]