Investing in Currencies

By Sinéad Carew NEW YORK (Reuters) -MSCI's global stock index gained ground on Thursday, bouncing back after a late sell-off in the previous session, while Treasury yields dipped with the dollar ahead of a key U.S. inflation reading due out on Friday morning. Oil prices, after rallying earlier in the week due to concerns about shipping disruption in the Red Sea, fell on Thursday after Angola announced it is leaving the Organization of the Petroleum Exporting Countries (OPEC). Wall Street had suffered its biggest drop since September on Wednesday, likely...

By Marc JonesLONDON (Reuters) - This year might go down as one of the most unusual ever in financial markets - mainly because everything seems to have come good despite a lot of turbulence and many predictions turning out to be wrong.Take equity markets. World stocks are nearly 20% higher despite the highest interest rates in decades and a mini crisis that wiped out one of Europe's best known banks - Credit Suisse - along with a few smaller ones in the U.S.In the bond markets, just a few months...

Investing.com - The U.S. dollar edged lower in early European trade Thursday ahead of key growth data, while sterling continued to fall in the wake of rapidly cooling U.K. inflation. At 04:30 ET (09:30 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 102.010, down almost 2% so far this year. Treasury yields fall to new lows Several Federal Reserve officials have tried to rein in expectations for a number of U.S. interest rate cuts in 2024, in the wake...

Investing.com-- Most Asian currencies moved little on Thursday, nursing some losses from the prior session as the dollar recovered from near five-month lows amid some uncertainty over when the Federal Reserve will begin trimming interest rates.  The greenback saw some safe haven demand following a rout in risk-driven equity markets, as investors locked-in profits after a recent rally.  Asian currencies also saw some pullback after logging strong gains from over the past week, after the Fed said it was done raising interest rates and flagged deeper rate cuts in 2024. ...