Dollar sits atop one-year peak as Powell sends yields up, China data mixed
The U.S. dollar was poised for big weekly gains on Friday, towering near one-year highs as a hawkish turn from the Federal Reserve chief sent short-term Treasury yields higher, leaving Wall Street and European futures in the red. Asian shares looked to end a brutal week on a steadier note, helped by Chinese data retail…
READ MORE
The Yen Carry Trade: Will it hit the headlines & your portfolio once again before US elections 2024 ?
Synopsis While a number of investors heard the term β Yen carry tradeβ for the first time in early August, the fact is that literally every sharp hit to the equity market or a real economic crisis which different markets have witnessed since 1990, Yen carry trade had played a role. Right from the Asian…
READ MORE
European shares gain ahead of key US, euro zone data
European shares opened higher on Wednesday, as investors awaited key data from the U.S. and the euro zone, while a raft of upbeat corporate updates lifted risk appetite. The pan-European STOXX 600 was up 0.4% to trade near a two-week high, as of 0709 GMT. U.S. producer prices increased less than expected in July, data…
READ MORE