DXY US Dollar Currency Index
Euro sinks to five-year low on energy supply, slowdown fears
The euro traded almost 0.4% against the U.S. dollar to a level not seen since 2017. This after Gazprom decided to cut gas supplies to Poland and Bulgaria. Kinga Krzeminska | Moment | Getty Images The euro tumbled against the U.S. dollar Wednesday morning as investors grew increasingly concerned with energy supply and a potential […]
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China’s central bank steps in to slow its rapidly weakening currency, as yuan hits one-year lows
The Chinese yuan has weakened sharply against the U.S. dollar in the last several weeks as the greenback strengthens and investors worry about China’s economic growth. Fotoholica Press | Lightrocket | Getty Images BEIJING — The Chinese yuan strengthened slightly against the U.S. dollar on Wednesday, reversing a sharp weakening trend after the People’s Bank […]
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Asia-Pacific stocks are set for opening declines following Wall Street drop
SINGAPORE — Shares in Asia-Pacific looked set for a lower open on Wednesday after overnight losses saw the tech-heavy Nasdaq Composite sliding to a fresh low for 2022. Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 26,125 while its counterpart in Osaka was at 26,000. That […]
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Asia-Pacific markets set to open mixed; China’s Covid fears in focus as Beijing expands mass testing
SINGAPORE — Futures pointed to a mixed open for markets in Asia-Pacific as investors are set to closely watch market reaction to Covid fears in China as Beijing expands mass testing. Japan’s Nikkei futures contract in Chicago was at 26,875 while Osaka futures were at 26,810 — higher than the Nikkei 225’s last close at […]
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Asia-Pacific stocks set to open lower after Wall Street sell-off
SINGAPORE — Shares in Asia-Pacific are expected to open lower on Monday following a sell-off on Wall Street on Friday. The Nikkei futures contract in Chicago was at 26,705 while its counterpart in Osaka was at 26,710. That compared against the Nikkei 225’s last close at 27,105.26. Australia and New Zealand markets are closed on […]
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It’s the French election this weekend — here’s what Wall Street expects to happen
As French voters head to the polls Sunday, Wall Street is forecasting market upset if far-right candidate Marine Le Pen proves victorious. Timothy A. Clary | Afp | Getty Images French voters head to the polls on Sunday to cast their ballots in the final round of a close presidential race between incumbent Emmanuel Macron […]
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Shares in Asia-Pacific are set to slide after the Fed’s Powell hints at 50 basis point hike for May
SINGAPORE — Shares in Asia-Pacific looked set for a lower start Friday as investors watch for market reaction to overnight remarks from U.S. Federal Reserve Chairman Jerome Powell. Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 27,100 while its counterpart in Osaka was at 27,130. That […]
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As the dollar jumps to two-year highs, the ‘Fast Money’ traders deliver winners and losers
Wall Street may be underestimating the dollar’s jump to two year highs. “With each passing day the dollar goes higher. That creates more of a headwind for the multinationals in the market in general,” “Fast Money” trader Guy Adami said on Tuesday. “A stronger dollar, as counterintuitive as it may be, is not good for […]
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Shares in Asia-Pacific edge higher as investors monitor Covid in China, yen moves
SINGAPORE — Shares in Asia-Pacific edged higher in Thursday morning trade as investors continue to watch China’s Covid situation along with moves in the Japanese yen. The Nikkei 225 in Japan gained 0.39% while the Topix index advanced 0.23%. South Korea’s Kospi climbed 0.31%. Over in Australia, the S&P/ASX 200 nudged fractionally higher. MSCI’s broadest […]
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Asia-Pacific stocks mixed; China’s latest benchmark lending rate ahead
SINGAPORE — Shares in Asia-Pacific were mixed in Wednesday morning trade following overnight gains on Wall Street that saw the tech-heavy Nasdaq Composite surging more than 2%. Investors will also watch for the release of China’s latest benchmark lending rate. The Nikkei 225 climbed 0.55% in early trade as shares of robot maker Fanuc jumped […]
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