Dollar Regains rose in European trade on Tuesday against a basket of major rivals, regaining some ground after recent declines. This rebound comes as investors await a series of remarks by Federal Reserve officials, hoping to gain insights into the future of US interest rates. While the dollar’s recovery is driven by active short-covering, its …
Dollar Regains Footing Ahead of Important Fed Remarks Read More »
US Banks Report a renewed weakening in demand for industrial loans and a decline in household demand for credit during the first quarter of the year, according to a Federal Reserve survey of senior loan officers published on Monday. The survey results were available to Fed officials last week when they decided to keep the …
US Banks Report Weaker Loan Demand, Fed Survey Says Read More »
Dollar Hovers Near fell in European trade on Monday, extending its losses for the fourth consecutive session and approaching three-week lows. This downward trend is driven by declining US 10-year treasury yields, which have hurt the dollar’s standing against a basket of major rivals. Recent disappointing US labor data has also boosted the odds of …
Dollar Hovers Near Three-Week Trough as US Yields Taper Off Read More »
Bitcoin Hits its upward momentum on Monday, gaining ground for the fifth straight session and reaching a two-week high. The positive sentiment in the cryptocurrency market comes as US treasury yields taper off, driven by weaker-than-expected US jobs data. This upward trend in Bitcoin’s price could potentially lead it back toward the coveted $70,000 mark, …
Bitcoin Hits Two-Week High Amid Positive Sentiment Read More »
Yen Extends lost ground in Asian trade on Tuesday, heading for its second consecutive loss against the dollar, amid fading momentum from Japanese authorities’ interventions. Traders are focusing back on the fundamentals, with the stark interest rate differences between the United States and Japan pressuring the yen. However, ongoing declines in US 10-year treasury yields …
Brent Climbs, the international benchmark for oil prices, climbed 1.25% in early American trading, rebounding from a seven-week low. The increase comes after Saudi Aramco, the Saudi Arabian oil giant, decided to raise the price of its crude oil exports to Asia for the third consecutive month. This upward trend in Brent prices is also …
