Investing in Currencies

Investing.com-- Most Asian currencies rose sharply on Thursday, while the dollar came close to a four-month low after the Federal Reserve signaled it was done raising interest rates and will begin trimming borrowing costs in 2024. The central bank kept interest rates on hold as widely expected, and said it could potentially cut rates by a bigger-than-expected margin in 2024. Fed Chair Jerome Powell also flagged an acceptable amount of progress against inflation. His comments triggered steep losses in the dollar, with the and falling 0.3% each in Asian trade....

(Bloomberg) -- Asian stocks, bonds and currencies look set to rally Thursday after the Federal Reserve signaled it will begin cutting interest rates next year. That’s the view of money managers, analysts and strategists who expect currencies that are sensitive to dollar movements to prove most attractive in early trading in the region. Asian stock markets should also surge after US equities notched their biggest gain in a month. Japanese shares may be an exception because of the drag caused by a stronger yen. Bonds, including those from Australia, are already moving...

Investing.com -- The Federal Reserve is widely tipped to leave interest rates on hold at a 22-year high for a third straight meeting, although observers expect the central bank to temper projections that it will begin to cut borrowing costs early next year. Following the decision from the rate-setting Federal Open Market Committee at 14:00 ET (19:00 GMT) on Wednesday, markets will be keeping a close eye on a press conference held by Fed Chair Jerome Powell. Powell, who has previously stressed that the Fed will move "carefully" before pivoting...

Electric automaker, Tesla (NASDAQ:) revealed on their website late Tuesday that the company’s Model 3 Rear-Wheel Drive and Long Range EV will no longer qualify for a $7,500 federal tax credit starting December 31st based on new guidance under the U.S. Inflation Reduction Act.The U.S. Treasury, earlier this month, released guidelines outlining fresh battery sourcing restrictions set to take effect on January 1. These restrictions are designed to steer the U.S. electric vehicle supply chain away from dependence on China."Tax credit will end for Model 3 Rear-Wheel Drive and Model...