DXY US Dollar Currency Index
Asia-Pacific markets trade higher; China to announce its benchmark lending rate
SINGAPORE — Shares in the Asia-Pacific markets gained on Friday as a volatile trading week comes to a close and investors watch for the release of China’s benchmark lending rate. Japan’s Nikkei 225 rose 0.41% in early trade, while the Topix advanced 0.23%. Japan’s core consumer prices, which include energy costs but not fresh food, […]
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The euro is nearing parity with the dollar: Here’s what it could mean for investors
The euro sign sculpture stands outside the former European Central Bank (ECB) headquarters in Frankfurt, Germany, on Sunday, July 3, 2016. Krisztian Bocsi | Bloomberg | Getty Images The euro is nearing parity with the U.S. dollar for the first time in 20 years, but currency strategists are divided on whether it will get there, […]
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Japan’s Nikkei 225 drops more than 2% as Asia stocks fall following tumble on Wall Street
SINGAPORE — Shares in Asia-Pacific slipped Thursday morning after heavy losses on Wall Street overnight. The Nikkei 225 in Japan slipped 2.63% in early trade while the Topix index shed 2.31%. Japan’s exports rose 12.5% year-on-year in April, data from the country’s Ministry of Finance showed Thursday. That was lower than expectations for a 13.8% […]
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As inflation slows and the ruble rallies, Russia is hoping to avoid a financial crisis
Russian President Vladimir Putin. Pool | Reuters Russia believes it has swerved a financial crisis as its currency rallies and economic data improves, but strategists say the numbers mask some ugly truths for Moscow. Although inflation in the country is running hot, there are signs that price rises are slowing and will continue to do […]
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Asia-Pacific stocks trade mixed; data shows Japan’s economy shrank less than expected in the first quarter
SINGAPORE — Shares in Asia-Pacific were mixed in Wednesday trade. following overnight comments from U.S. Federal Reserve Chairman Jerome Powell, who said he’s resolved to raise rates until inflation comes down. The Nikkei 225 in Japan rose 0.71% while the Topix index traded 0.78% higher. Japan’s economy shrank 1% on an annualized basis in January-March as compared […]
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Investors withdraw over $7 billion from tether, raising fresh fears about stablecoin’s backing
Tether has faced repeated calls for a full audit of its reserves. Justin Tallis | AFP via Getty Images Investors have withdrawn more than $7 billion from tether since it briefly dropped from its dollar peg, raising fresh questions about the reserves underpinning the world’s largest stablecoin. Tether’s circulating supply has slipped from about $83 […]
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Asia-Pacific stocks mixed; Reserve Bank of Australia meeting minutes ahead
SINGAPORE — Shares in Asia-Pacific were mixed in Tuesday morning trade, with investors looking ahead to the release of meeting minutes from the Reserve Bank of Australia. The Nikkei 225 in Japan slipped 0.13% in early trade while the Topix index hovered above the flatline. South Korea’s Kospi climbed 0.46% while the S&P/ASX 200 in […]
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Lebanon voters deal blow to Hezbollah allies in first election since economic meltdown
Lebanon, a nation of nearly 7 million, is home to 18 different religious communities. Ibrahim Chalhoub | Afp | Getty Images Lebanon has voted in the country’s first parliamentary elections since its economic meltdown in 2019 and the Beirut port blast the following year. Dealing a major blow to the Iranian-backed Hezbollah, preliminary results from […]
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Most Asia markets give up gains, China stocks fall after economic numbers disappoint
SINGAPORE — Shares in the Asia-Pacific gave up early gains on Monday, after China reported disappointing economic numbers as a result of Covid restrictions. Tech stocks in Hong Kong surged in before paring some gains following bad news from China on the economic front. The Hang Seng Tech index was up more than 2% at […]
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Strategist says stock market may become a ‘meat-grinder of forlorn hope’ for dip-buyers
LONDON – Investors looking for value in the stock market during the ongoing downturn may be “deluding themselves,” according to Sean Corrigan, director at Cantillon Consulting. Fears that central banks will have to hike interest rates aggressively to curb inflation — at the risk of quashing growth as the global economy suffers concurrent hits from […]
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