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© Reuters. Investing.com – The U.S. dollar slipped higher in early European trade Friday, but was heading for healthy weekly gains after Fed Chair Jerome Powell raised the possibility of further rate hikes to combat inflation.  At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies,

Share: AUD/USD refreshes weekly low near 0.6560 as the broader market mood is risk-off. Fed Powell considered current monetary policy as inadequate to bring down inflation to 2%. The RBA MPS report indicated that further tightening would be largely dependent on incoming data. The AUD/USD pair continues its losing streak for the fifth

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Gold (XAU/USD) Analysis, Prices, and Charts Powell not confident that the Fed has done enough to get inflation down to target. US 30-year bond sale floundered, sending yields sharply higher. DailyFX Economic Calendar Federal Reserve Chair Jerome Powell sent risk markets spinning lower, and bond yields higher after he said that the US central bank

Wall Street’s multi-day win streak came to an abrupt end Thursday after one of the worst bond auctions on record sparked a sharp selloff in Treasuries, led by the long end, and reignited concerns over who will be buyers of US debt. Also weighing on the front end were comments from Fed Chair Powell and

Italian economy likely to slow in next few months – stats bureau FULL STORY The Italian economy is likely to slow further in the next few months after stagnating in the third quarter, national statistics bureau ISTAT said on Friday. In its monthly economic bulletin ISTAT noted that consumer confidence fell for a fourth month

Article by IG Senior Market Analyst Axel Rudolph FTSE 100, S&P 500, Russell 2000 Analysis and Charts ​​​FTSE 100 recovery runs out of stream ​The FTSE 100 has come off Thursday’s 7,466 high amid hawkish comments by the US Federal Reserve (Fed) Chair Jerome Powell and as the British economy stalls in the third quarter.

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© Reuters. The Nigerian Naira continues to experience significant depreciation, despite the Central Bank of Nigeria’s attempts to strengthen the local currency. The Naira’s value has been on a downward trajectory since June 2023, when forex reforms triggered the floating of the local currency from N471.67 per dollar, marking the beginning of its depreciation journey.