US Treasury mocks Indian rupee value, highlights dollar’s global dominance
U.S. Treasury Secretary Scott Bessent appeared to mock the Indian rupee during an interview with Fox News, when asked if he...
archiveScott Bessent
‘Not worried about Indian rupee,’ US Treasury Secy brushes off idea of rupee becoming reserve currency – World News
US Treasury Secretary Scott Bessent on Wednesday sounded optimistic even as trade tensions between Washington and New Delhi reached a...
India-US Tariff Issue: Bessent Optimistic: Rediff Moneynews
US Treasury Secretary Bessent discusses the India-US tariff issue, Russian oil purchases, and potential trade deal.New York/Washington, Aug 27 (PTI)...
Asia FX firms as rate cut bets dent dollar; yen rises on BOJ rate hike speculation
Investing.com-- Most Asian currencies firmed on Thursday, with the Japanese yen in the lead as the dollar was pressured by...
Dow, S&P 500, Nasdaq futures fall as Trump targets August 1 for country-by-country tariffs
US stock futures fell Sunday as President Trump and top administration officials suggested country-specific tariffs would take effect on Aug....
Japan aims for currency talks with US based on past dialogue
Japanese Finance Minister Katsunobu Kato said he’ll seek another opportunity to talk with his US counterpart Scott Bessent next week to discuss currency matters, building on their dialogue last month.“We confirmed that currency rates should be determined by the market, and that excessive volatility can harm the economy and financial stability,” Kato said Friday at a post-cabinet meeting press conference, referring to his April bilateral meeting with the US Treasury secretary in Washington. “I’m looking for a chance to speak with Bessent again next week to discuss these points, if...
Dow, S&P 500, Nasdaq futures surge on US-China deal to slash tariffs
Investors worldwide are assessing the US-China deal to reduce their hefty rates of reciprocal tariffs, slashed by 115 percentage points to 10% on both sides. Aaron Hill, FP Markets' chief analyst This "marks a pivotal moment in global trade dynamics. However, the 90-day timeframe indicates these tariff cuts are a negotiation tactic rather than a permanent resolution, creating uncertainty about long-term trade policies." Kenneth Broux, Societe Generale senior FX and rates strategist "There is a de-escalation between China and U.S. resulting in a reduction of tariff on Chinese goods to...
Dollar languishes ahead of Federal Reserve meeting, Asian currencies calmer
The dollar steadied on Wednesday before a Federal Reserve meeting to determine policy for an uncertain economy and as major...
Tech rally resumes as Nasdaq, S&P 500, Dow gain for third day in a row
Four times a year, US companies give away more information about their business than they'd like. For investors, this quarterly ritual is a chance to get an update on the state of America's largest companies, the overall economy, and get a certain outline of where things are headed next. But the earnings period is starting to look like it might fall way short of meeting these marks. For one thing, companies are pulling guidance left and right because of uncertainty related to Trump's tariffs. American Airlines (AAL) is just the...
Dow futures down 150 points; P&G cuts revenue, earnings outlook
US Stock Market Live: Futures on Wall Street are now in the red, indicating a possible start in the red after two days of gains. Futures tied to the Dow Jones are down 150 points, while those on the S&P 500 and Nasdaq are down 15 points and 80 points respectively. Futures had nearly recovered all their losses, with S&P 500 and Nasdaq futures even turning positive, but turned course yet again. Watch this space for all the Live updates.US Stock Market Live: Futures on Wall Street are now in...