Investing in Currencies

By Sinéad Carew NEW YORK (Reuters) -MSCI's global equities index was gaining ground on Wednesday while Treasury yields fell as U.S. economic data beat expectations and UK inflation slowed. Oil prices, meanwhile, hit their highest level in nearly three weeks, as traders dealt with worries about disruptions in the Red Sea after Yemen's Iran-aligned Houthi militants stepped up attacks on commercial ships. The dollar rose against other major currencies on Wednesday, while sterling fell sharply after UK inflation plunged in November to its lowest rate in more than two years...

Investing.com-- Most Asian currencies steadied from recent gains on Wednesday, while the dollar remained pinned near four-month lows as traders largely stuck to bets that the Federal Reserve will begin trimming interest rates in early 2024. Traders also largely looked past warnings from Fed officials that enthusiasm over early rate cuts was overplayed, with a sustained decline in the dollar and Treasury yields pointing to growing conviction that rates could begin falling by as soon as March 2024. This notion boosted most risk-driven assets, with rate-sensitive Asian units such as...

Investing.com-- Most Asian currencies steadied from recent gains on Wednesday, while the dollar remained pinned near four-month lows as traders largely stuck to bets that the Federal Reserve will begin trimming interest rates in early 2024. Traders also largely looked past warnings from Fed officials that enthusiasm over early rate cuts was overplayed, with a sustained decline in the dollar and Treasury yields pointing to growing conviction that rates could begin falling by as soon as March 2024. This notion boosted most risk-driven assets, with rate-sensitive Asian units such as...

By Sinéad Carew New York (Reuters) -The U.S. dollar rose against the yen on Tuesday after the Bank of Japan kept rates steady while MSCI's global stock index was gaining ground as investors focused on the prospect of U.S. interest rate cuts in 2024. The rose to within one percentage point of its all-time closing high reached in January of 2022. MSCI's gauge of stocks across the globe touched its highest level since late March 2022. Meanwhile oil futures extended the previous session's gains after attacks by Yemen's Iran-aligned Houthi...

Following the termination of the German state-funded scheme for electric vehicle (EV) buyers, automotive giants Audi, Mercedes-Benz, Stellantis (NYSE:), and the Volkswagen have stepped up to start their own subsidy programs.Despite their efforts to support EV purchasers, these manufacturer-backed incentives are set to conclude well before the previously intended end date of the state scheme, which was scheduled to run until the end of 2024.The Economy Ministry suspended the seven-year program on Monday as a consequence of revising the 2024 budget. The move was necessitated by a court ruling that...