LONDON (Reuters) – The pound held steady on Monday after falling to a six-month low the previous week as the dollar surged on the back of Donald Trump’s victory in the U.S. presidential election. Sterling was last up 0.1% at $1.2627, from $1.2598 on Friday, its lowest since mid-May. Trump’s Nov. 5 election win has […]
Sterling finds footing after hitting six-month low on Trump victory Read More »
Investing.com – Sterling has lost its status as the only currency to have outperformed the US dollar year-to-date, but Bank of America thinks a constructive case for the UK currency remains in 2025. Since the September 2022 GBP Crisis, sterling has been on an almost uninterrupted uptrend, BoA Securities said, helped by this year by
NEW YORK (Reuters) – The dollar rose against the yen on Monday to resume its recent ascent after Japan’s top central bank official signaled further monetary policy tightening was on the horizon, but was vague on the timing of any such hike. Bank of Japan Governor Kazuo Ueda reiterated the economy was progressing toward sustained
Dollar strengthens against yen on Bank of Japan’s hike uncertainty Read More »
Here’s the English summary: The US dollar is evolving into its “strongest of the year” form, overshadowing currencies in China, Japan, and South Korea. While the ICE Dollar Index (DXY), which measures the USD against a basket of six major currencies, has not yet reached its year-high of 106.52 (currently around 105.54), the Bloomberg Dollar
On Thursday, Danish biotechnology company Zealand Pharma announced positive top-line results from its phase Ib trial of the long-acting amylin analog petrelinotide. Due to the timing of the announcement after European market hours, Zealand Pharma’s stock surged more than 9% in after-hours trading on Thursday in the US. Zealand Pharma has been a standout in
According to media reports, the United States is encouraging countries like the UK to shorten the settlement time for currency transactions to align with the “T+1” settlement era led by US stocks. On Thursday (June 20), local time, Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), participated online in the “UK Accelerated
Accompanying the launch of the first wave of laptops equipped with the Snapdragon X Elite chip this week, consumers finally got their hands on the much-hyped “AI PC” that has been heavily promoted since late last year. Initial reviews and market feedback, however, suggest that Qualcomm’s attempt to disrupt Apple in the ARM-based laptop arena
Last night, after briefly touching new highs at the opening, both the NASDAQ and S&P 500 indexes retreated throughout the day. By the closing bell, the S&P 500, which had briefly touched the 5500 mark, declined by 0.25% to 5473.17 points. The NASDAQ fell by 0.79% to 17721.59 points, while the Dow Jones Industrial Average
Several Fed policymakers have emphasized the need for additional economic data before committing to any further rate cuts. The current sentiment among Fed officials, as conveyed in various speeches and statements, suggests a more reserved approach to monetary policy easing. They have highlighted that while recent economic indicators have shown signs of weakness, including softer
The speculation surrounding a potential rate cut by the Federal Reserve as early as July has intensified recently, despite current market expectations suggesting it’s unlikely. According to the Chicago Mercantile Exchange’s FedWatch Tool, the probability of a rate cut next month stands at only 12.4%. However, significant activity in the federal funds rate futures market
