Recommend

LONDON (Reuters) – The British pound fell to its lowest level against the dollar since early July on Thursday, pressured by the U.S. currency’s relentless strength following Donald Trump’s election victory. These developments have overshadowed local UK news for investors, though attention remains on finance minister Rachel Reeves’ first Mansion House speech to City leaders, […]

UBS raised its forecast for the USD/JPY exchange rate in a note on Thursday, anticipating significant fluctuations in the coming year. The bank now projects the currency pair to reach 155 by December 2024, then ease to 152 by March 2025, 150 by June, and 147 by September. By the end of 2025, UBS targets

NEW YORK (Reuters) – The U.S. dollar strengthened against major peers on Thursday, trading at a one-year high and headed for a fifth straight session of gains, propelled by market expectations since Donald Trump clinched a dramatic return to the White House. Markets anticipate that the incoming Trump administration will impose trade tariffs and tighten

WASHINGTON (Reuters) -No major U.S. trading partner manipulated its currency in the year to June 30, the Treasury Department said on Thursday in the Biden administration’s final semi-annual currency report before turning over policing of foreign exchange practices to President-elect Donald Trump. Trump, who has frequently complained that the strong dollar is eroding U.S. trade

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

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

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

According to reports, the U.S. Treasury Department has placed Japan on its currency manipulation monitoring list in its semiannual currency report released on Thursday. This action comes despite not designating any country as a currency manipulator. The criteria for inclusion on the monitoring list include significant bilateral trade surpluses with the U.S., global current account

Bank of America (BofA) has identified five key reasons why investors should remain optimistic about NVIDIA despite recent declines in its stock price. According to BofA, any pullback in NVIDIA’s stock presents a great buying opportunity. Here are the five major positives highlighted by the bank: 1. **Leadership in AI and Data Centers**: NVIDIA continues

The global real estate market is warming up, with large-scale projects in Saudi Arabia driving a construction boom. Global consulting firm Turner & Townsend emphasized in its latest report that the 2030 Expo and the 2034 FIFA World Cup to be held in Saudi Arabia will further boost the country’s construction industry, as such international