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Strong U.S. data boosts dollar
2023-05-19U.S. stocks rallied and the dollar reached a seven-week peak on Thursday as strong economic data calmed recession fears and dampened hopes the Federal Reserve would cut interest rates before year-end.
Oil settles up 2% on more positive signs
2023-05-18Wall Street rallied to a higher close on Wednesday and the dollar touched a six-week high as regional banks surged and negotiations in Washington over raising the debt ceiling progressed.
U.S. dollar benefits from risk aversion
2023-05-17U.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.
Debt ceiling optimism boosts market sentiment
2023-05-16U.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.
U.S. dollar registers biggest weekly rise since February
2023-05-15The 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.
Oil falls 2% over energy demand concerns
2023-05-12The 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.
NASDAQ heats up as U.S. inflation cools
2023-05-11The dollar remained stable on Wednesday as data showed inflation slowed slightly more than expected last month.
Markets muted over U.S. debt ceiling impasse
2023-05-10U.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.
Investors optimistic ahead of inflation data
2023-05-09A 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.
Strong job report powers oil rebound
2023-05-08The dollar was trading flat on Friday after jobs gains and wage growth for April beat economists’ forecasts but showed downward jobs revisions for March.
Dollar rallies before job data
2023-05-05Wall 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.
Investors fret about economy as Fed signals potential pause
2023-05-04The 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.
Oil retreats on dollar strength
2023-05-04The 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.
Oil tumbles 5% on fears over U.S. financial system
2023-05-03Major 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.
