Investing in Currencies

(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...

By Amanda Cooper LONDON (Reuters) -The dollar edged up on Wednesday ahead of the conclusion of a Federal Reserve policy meeting that could offer some insight into when the U.S. central bank will begin lowering interest rates. Sterling was among the weakest performers on the day, after data showed the British economy contracted in October, raising the risk of a recession and potentially complicating the efforts of the Bank of England (BoE) to stick to its stance against cutting rates when it meets on Thursday. The , which gauges the...