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Global currencies experienced significant declines on Wednesday as the U.S. dollar soared, spurred by the detention of President Erdogan's main political opponent in Turkey. This geopolitical move unsettled investors and sent the Turkish lira to unprecedented lows, prompting a noticeable shift towards safer assets.The ensuing drop in Turkey's lira reverberated through financial markets, impacting major currencies and spurring capital flows into the dollar. The euro, yen, and other currencies saw declines, while investors kept a close eye on the Federal Reserve's impending decision regarding interest rates.Market analysts, including Michael...

US stock futures held steady as Wall Street digested a second day of gains and braced for the Federal Reserve's next policy meeting. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq Composite (NQ=F) remained flat. CBOT - Delayed Quote • USD As of 8:13:41 PM EDT. Market Open. YM=F ES=F NQ=F On Monday, stocks continued to recover from last week's sell-off, which saw the S&P 500 enter correction territory amid concerns about the US economy's ability to sustain President Donald...

The U.S. dollar suffered losses against the Japanese yen and Swiss franc on Monday as market participants grappled with ongoing trade tensions instigated by tariffs. Concerns over a potential slow-down in the U.S. economy further exacerbated the currency's decline.In Europe, the euro retraced gains from the previous week, though maintaining a position near a four-month high. Anticipation is building around potential boosts in government expenditure, as EU finance ministers convene to discuss defense funding options in light of U.S. foreign aid uncertainties.Meanwhile, investors reduced their net long dollar positions,...

US stock futures pushed higher early on Monday amid uncertainty about President Donald Trump’s plans to impose tariffs on major US trading partners this week, which brings a crucial jobs report and key retail earnings. S&P 500 futures (ES=F) climbed 0.3%. while those on the tech-heavy Nasdaq 100 (NQ=F) saw an 0.4% gain. Dow Jones Industrial Average futures (YM=F) were up roughly 0.2%. The major US indexes are coming off a volatile week and a losing month in February. March trading is kicking off with investors facing with more questions...