The dollar was largely unchanged on Tuesday but remained close to record lows against the euro at the start of a two-day Federal Reserve policy meeting at which an interest rate cut is expected.
A sliver of doubt that the Fed would reduce its benchmark interest rate for the second meeting in a row entered the […]
The dollar fell to record low against the euro for the third consecutive session on Tuesday, a day ahead of the outcome of a Federal Reserve meeting at which an interest rate cut is expected.
Dealers seemed intent on heading into the meeting with hefty bets against the greenback, expecting the Fed to signal that additional […]
U.S. consumer confidence declined for the third month in a row in October to its lowest level in two years on growing concerns about weakening business conditions and the impact that could have on the job market.
The Conference Board said on Tuesday its index of consumer sentiment fell more than expected to 95.6 in October […]
Federal Reserve policy-makers began meeting Tuesday as financial markets continued to bet that the central bank will cut interest rates again to shore up the faltering housing and credit markets.
The central bank’s Federal Open Market Committee began a two-day meeting at 2 p.m. with futures markets expecting that it will announce a quarter-percentage-point cut in […]
The pound rose to a 26-year high against the dollar on speculation the Bank of England will keep interest rates at their highest since 2001 while the Federal Reserve will cut borrowing costs tomorrow.
U.K. central bank policy maker Kate Barker signaled the rate-setting committee isn’t yet convinced that signs of a slowdown in Europe’s second-biggest […]
The dollar declined to a record low against the euro after a report showed U.S. consumer confidence fell this month to the weakest in two years.
Traders also pushed the dollar to a 26-year low versus the British pound as the data may bolster speculation the Federal Reserve will cut borrowing costs tomorrow by a quarter- […]
The yen weakened the most in almost four weeks against the dollar as global stocks rose, encouraging investors to take on riskier bets financed with loans in Japan.Traders pushed the yen lower against 15 of the 16 major currencies as global shares climbed amid gains by mining and energy companies. Oil rose to a record […]
The dollar recovered from lifetime lows against the euro and a major currency basket on Monday, helped by speculation the Federal Reserve will cut U.S. interest rates by only a quarter of a percentage point this week, rather than by half a point.The Fed is widely seen cutting rates by a quarter point to 4.5 […]
Global indicators were mostly positive for North American stock markets early Monday as oil prices spiked and the Canadian dollar continued to climb higher.The loonie opened at 104.24 cents US, up 0.31 of a cent.
Wall Street pointed to a higher opening as investors positioned themselves ahead of an expected interest rate cut by the U.S. […]
The dollar edged up broadly and the yen benefitted from a fall in high-yielding currencies on Wednesday, with Merrill Lynch’s upcoming earnings report and an expected lower open on Wall Street looming large over investors. U.S. investment bank Merrill Lynch & Co. could add $2 billion or more to its write-downs related to collateralised […]
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