BANGKOK (AP) — Asian shares skidded Thursday after a retreat on Wall Street as markets registered their dismay over the Federal Reserve’s warning that still higher interest rates are in Read more
Tag: Euro
U.S. Treasury says currency-market intervention should be reserved for ‘very exceptional circumstances’ in response to Japan’s September move
The U.S. Treasury Department on Thursday said it expects currency-market interventions, like Japan’s in September, should be reserved for exceptional circumstances, as it kept Tokyo on a list of partners Read more
Market expectations start to shift in direction of slower pace of rate hikes by Fed
In a year dominated by worries about inflation and rising interest rates, strategists and traders said a narrative is building within financial markets in which the Federal Reserve will likely Read more
Euro slips as traders see ECB opening the door to slower rate hikes
The euro dipped back below parity versus the U.S. dollar on Thursday as traders bet the European Central Bank will slow the pace of interest rate hikes after delivering another Read more
The ECB meets Thursday — here’s what to watch ahead of another jumbo interest rate increase
The Federal Reserve is far from the only central bank lifting rates in big steps. The European Central Bank on Thursday is expected to make its second consecutive jumbo sized Read more
Opinion: Biden is undermining Powell’s efforts to curb inflation
Appropriating language from Paul Volcker, Federal Reserve Chairman Jerome Powell has pledged to “keep at it” and risk a recession to conquer inflation. In varying measure, central bankers in other Western industrialized countries, save Japan, are Read more
Asian stocks moving lower in wake of latest volatile session on Wall Street
TOKYO (AP) — Asian shares were mostly lower on Wednesday following another volatile day on Wall Street, as traders braced for updates on inflation and corporate earnings. Benchmarks fell in Read more
4 ways to corral a rampaging U.S. dollar — and why none of them are ideal
The U.S. dollar keeps getting compared with a “wrecking ball” in regard to the economic and market havoc caused by its outsize 2022 rally. But there’s only so much central Read more
The stock market is surging as the U.S. dollar retreats. It’s all about bonds.
It all comes back to bonds. A closely watched U.S. dollar index fell sharply Tuesday, accelerating a retreat from a 20-year high and giving stocks and commodities room to bounce. Read more
Opinion: Looking for a cheap retirement spot? Europe is a good deal for Americans
I’m currently visiting London, and thanks to the turmoil on the foreign exchange markets I feel about as rich as Rockefeller. The British pound, which in 2007 cost $2.11, is Read more