U.S. dollar benefits from risk aversion
U.S. stocks closed lower on Tuesday and benchmark Treasury yields extended their rise as mixed economic data, weak corporate results and ongoing debt ceiling negotiations in Washington dampened investor risk appetite.
2023-05-17
Debt ceiling optimism boosts market sentiment
U.S. stocks slouched to a higher close on Monday, and benchmark Treasury yields rose amid flickering optimism that Washington will get past partisan wrangling and reach a debt ceiling deal.
2023-05-16
U.S. dollar registers biggest weekly rise since February
The dollar rose on Friday but a gauge of global stocks retreated on a report that showed U.S. consumer sentiment slumped to a six-month low in May.
2023-05-15
Oil falls 2% over energy demand concerns
The dollar set a more than one-week high as traders sought safety after a series of economic data prompted a reassessment of their outlook for global monetary policy.
2023-05-12
NASDAQ heats up as U.S. inflation cools
The dollar remained stable on Wednesday as data showed inflation slowed slightly more than expected last month.
2023-05-11
Markets muted over U.S. debt ceiling impasse
U.S. stock indexes closed lower on Tuesday as investors grew more cautious ahead of CPI report and a meeting to discuss the U.S. debt ceiling.
2023-05-10
Investors optimistic ahead of inflation data
A gauge of global equity markets rose and the dollar was mostly flat on Monday as expected talks in Washington about the debt ceiling raised concerns, while U.S. inflation data later this week should add clarity on Federal Reserve monetary policy.
2023-05-09
Strong job report powers oil rebound
The dollar was trading flat on Friday after jobs gains and wage growth for April beat economists’ forecasts but showed downward jobs revisions for March.
2023-05-08
Dollar rallies before job data
Wall Street ended lower on Thursday after PacWest's move to explore strategic options deepened fears about the health of U.S. lenders and hit shares of banks.
2023-05-05
Investors fret about economy as Fed signals potential pause
The Fed raised interest rates by 25bp and signalled a pause in further increases to assess the fallout from recent bank failures, wait on the resolution of a political standoff over the U.S. debt ceiling.
2023-05-04
Oil retreats on dollar strength
The dollar gained with Treasury yields as investors digested Friday’s data and waited for the Fed’s decision due on Wednesday as well as key upcoming economic data.
2023-05-04
Oil tumbles 5% on fears over U.S. financial system
Major U.S. indexes fell more than 1% on Tuesday as regional bank shares tumbled on renewed fears over the financial system. The dollar fell to two-week low.
2023-05-03
Wall Street rallied even as US economy struggles
The dollar rose on Thursday as weaker-than-expected U.S. economic growth in the first quarter is viewed as not likely to deter the Federal Reserve from raising interest rates next week.
2023-04-28
Canadian dollar hits 4-week low as oil prices plunge
Oil prices dropped by almost 4% on Wednesday as markets weighed more weak economic data indicative of dire growth outlook.U.S. stocks closed mixed following strong quarterly results from Microsoft and Alphabet that both beat analyst expectations.
2023-04-28
The Fed's May FOMC interest rate meeting
The FOMC will likely deliver its third consecutive quarter of a percentage point rate increase and continue to allow assets to roll off of its nearly $8.6 trillion balance sheet in its year-long campaign to get inflation under control without sending the U.S. economy into a recession.
2023-04-27