Euro falls on gloomy PMI data, dollar hits 2-month high By Reuters

[ad_1] © Reuters. FILE PHOTO: Banknotes of Japanese yen and U.S. dollar are seen in this illustration picture taken September 23, 2022. REUTERS/Florence Lo/Illustration By Samuel Indyk and Ankur Banerjee LONDON (Reuters) – The euro fell to a more than two-month low against the dollar and a 12-month low against the pound on Wednesday after

Yuan drops below 7.2900 on PBoC moves, multi-year high US-China yield gap

[ad_1] Share: USD/CNH bounces off intraday low but defends week-start bearish move. 10-year yield gap between US and China jumps to the highest since 2007. Markets fear more China stimulus, further downside for Yuan amid economic pessimism. US Dollar’s preparations for Jackson Hole Symposium allow USD/CNH to pare recent gains. USD/CNH rebounds from

Asia FX gains as dollar dips from 2-mth high, Fed fears persist By Investing.com

[ad_1] © Reuters. Investing.com — Most Asian currencies rose slightly on Friday, recovering a measure of steep losses this week as the dollar retreated from two-month highs, although concerns over rising U.S. interest rates remained in play. Regional markets were also cheered by the prospect of more stimulus measures in China, after the People’s Bank

USD/CAD soars to a three-month high, above 1.3500 post-FOMC minutes release

[ad_1] Share: Fed officials unanimously aim for the 2% inflation target, but divisions arise on the next steps. The US Dollar Index (DXY) reflects the greenback’s strength, rising 0.29% to 103.497, supported by rising US Treasury bond yields. USD/CAD’s bullish momentum is evident as it trades above the 200-day Moving Average, with key

US-based analyst sees year end S&P 500 as high as 4850

[ad_1] A beefed up equity market forecast via a note from Jefferies Group, a US investment bank/financial services company headquartered in New York City. In summary, the equity researchers boosted their year-end target for the benchmark index, citing easing inflation, positive economic surprises and fading earnings downgrades: Our new base case for the S&P 500

Asia FX sinks, dollar hits five-week high as U.S. inflation rises By Investing.com

[ad_1] © Reuters Investing.com — Most Asian currencies sank on Monday, while the dollar rose to a five-week high as a stronger-than-expected U.S. inflation reading drove up fears that the Federal Reserve could keep raising interest rates. Concerns over worsening economic conditions in China also kept sentiment towards Asian assets dim, especially amid reports of