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Stocks gain ground despite challenges
NEW YORK, New York: New York is gained ground on Thursday despite continued challenges across a broad range of fronts. NEW YORK, New York -- U.S. stocks gained ground on Thursday despite continued ... ... mixed with the U.S. dollar. The Canadian dollar went up to 1.3088 on the back of the Bank of Canada 's official interest rate hiked to 3.25%, a 14 year high, a day earlier... ... The Swiss franc fell by a bit to 0.9705 on the back of a tad. The Australian and New Zealand dollars were little changed at 0.6749 and 0.6054, respectively. Shares in the...
Updated: 09/09/2022
China seen avoiding liquidity boost
... Most-Accurate US artillery shell has been added to Ukraine's arms. The People's Bank of China recently took bold steps to cap the yuan decline to the lowest level in over two years, but future easing may be measured. Standard Chartered Bank Plc and Australia New Zealand Banking Group say that injecting liquidity could undermine the efforts of the PBOC to support the yuan by pushing Chinese yields lower, widening their yield gap with the US and driving outflows. When 600 billion yuan $86 billion of one-year policy loans come due, policymakers will have a chance to add cash into the financial ...
Updated: 09/09/2022
Asian, US futures advance as investors assess inflation outlook
... the Fed is determined to curb price pressures, and that there are 75 basis points bets on another 75 basis point move. The policy-sensitive two-year yield was near the highest since 2007 as the Treasuries held their retreat overnight. Australian and New Zealand bonds fell. The Bloomberg Dollar Spot Index fell, but remained in sight of a record high. The oil fell to around $83 a barrel and gold was little changed. Global stocks are on course for their first weekly advance in four, a measure of respite from the bear market omens circling markets due to monetary tightening, energy ...
Updated: 09/09/2022
Stocks gain ground despite challenges
NEW YORK, New York - Stocks gained ground on Thursday despite continuing challenges across a broad range of fronts. NEW YORK, New York - Stocks gained ground on Thursday despite continuing ... ... the U.S. dollar. The Canadian dollar was higher on last trading at 1.3088 after the Bank of Canada hiked its official interest rate to 3.25%, a 14 year high, a day earlier... ... The Swiss franc was up a bit to 0.9705 on the back of a tad. The Australian and New Zealand dollars were unchanged at 0.6749 and 0.6054, respectively. Shares in the UK...
Updated: 09/08/2022
Oil prices drop below $91 a barrel on rate hikes, China curbs
... Russia invaded Ukraine as COVID 19 curbs in top crude importer China and expectations of more interest rate hikes sparked fears of a global economic recession and lower fuel... ... are watching for further interest rate hikes to curb inflation. The European Central Bank is expected to lift rates sharply when it meets on Thursday. On Sept. 21 there... ... after the ECB 's meeting. The dollar hit a 24 year peak against the yen and reached new highs against the Australian and New Zealand dollars on Wednesday after the U.S. economic data reinforced the belief that...
Updated: 09/07/2022
China sets reference rate with strongest bias on record
... ratio for foreign exchange deposits for financial institutions for the second time this year to support the currency. The Chinese authorities are leaving no doubt about their resolve to dampen depreciation pressure on the yuan, said Khoon Goh , head of Asia research at Australia New Zealand Banking Group. The fixings are still being set weaker in the face of dollar strength, and it is clear that the authorities are not trying to defend any particular level. The yuan is under pressure to fall as Covid lockdowns in major cities and stress ...
Updated: 09/07/2022
RBA signals strong momentum with rapid rate hikes
... cash rate to 2.35%. Australians have been spending cash built up during the epidemic and high export prices, a rare beneficiary of Russia's war on Ukraine, which has buoyed the A $2.2 trillion $1.5 trillion economy. It is hard to see a deterioration in the Australian economy when the labor market is so strong, said Catherine Birch , senior economist at Australia New Zealand Banking Group Ltd. If most people have one job or can find one quickly, this supports household spending and hence demand for ...
Updated: 09/07/2022
FOREX-Dollar hits 24-year high versus yen as Fed hawks see rate hike
... dollar index, which measures the dollar against six major peers, was up 0.08% to 110.43, which is close to Tuesday's 20 year high of 110.57. The Aussie fell 0.23% to $0.67165, and earlier touched $0.67105 for the first time since July 14, garnering little support from Tuesday's expected Reserve Bank rate increase. New Zealand's kiwi dropped by 0.43% to $0.6015, the lowest since May 2020. After dipping to $18,666 earlier in the day, it stood around ...
Updated: 09/07/2022
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