Investing in Currencies

Investing in Currencies

U.S. stocks inch higher, dollar rebounds as rate cut fever wanes

By Stephen Culp NEW YORK (Reuters) - U.S. stocks were slightly higher and the dollar rebounded on Friday as market participants caught their breath as they approached the end of a week loaded with central bank policy decisions and crucial economic data. The dollar bounced back, but remained on track for its largest weekly decline in five months. Euphoria over the U.S. Federal Reserve's dovish pivot was dampened a bit after New York Federal Reserve President John Williams pushed back against rate cut expectations, reiterating that the central bank remains...
Investing in Currencies

Dollar edges higher but set for weekly loss; Fed’s Williams in spotlight

Investing.com - The U.S. dollar edged higher in early European trade Friday, but remained on course for its steepest weekly decline since July after the Federal Reserve signaled rate cuts next year while central banks in Europe stuck to their hawkish paths. At 04:15 ET (09:15 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 101.702, not far from the four-month low of 101.459 seen earlier Friday.  The index is down over 2% this week so far. Fed’s dovish pivot hits...
1 111 112 113 114 115 191
Page 113 of 191