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The dollar advanced against its major peers after US President Donald Trump said he had no intention of firing Federal Reserve Chairman Jerome Powell.The greenback climbed the most against the yen and Swiss franc as a rise in US stock futures damped demand for haven assets. The dollar climbed as much as 1% versus both currencies to around 143.00 yen and 82.69 centimes, respectively. Some technical indicators and market positioning had suggested an overshooting of bearish dollar bets. The US currency fell to the lowest since December 2023 this week...

KUALA LUMPUR, April 22 — The ringgit retreated versus the US dollar at the close today due to renewed concerns over global economic uncertainties and mixed signals from the United States’ (US) monetary policy front, said an economist.At 6 pm, the local currency dropped to 4.3835/3905 against the greenback, from Monday’s close of 4.3670/3735.Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit saw some slight correction against the US dollar at RM4.3850 from the previous day’s closing.“The degree of uncertainties remained, but traders may have...

By Hannah Parry is a Newsweek Live Blog Editor based in New York. Her focus is reporting on U.S. politics and society. She has covered politics, tech and crime extensively.Hannah joined Newsweek in 2024 and previously worked as an assistant editor at The U.S. Sun and as a senior reporter and assistant news editor at The Daily Mail. She is a graduate of the University of Nottingham. You can get in touch with Hannah by emailing h.parry@newsweek.com. Languages: English. Hannah Parry and Gabe Whisnant is a Breaking News Editor at...

Apr 22, 2025 12:35 AM IST US Stock Market LIVE: Dow drops 1,200 points, S&P 500 loses 3% as Trump again attacks Powell and sows investor doubtStocks fell again on Monday as President Donald Trump ramped up his attacks on Federal Reserve Chair Jerome Powell, raising questions about the central bank’s independence, while traders received little signs of progress on global trade talks.   The Dow Jones Industrial Average traded 1,221 points lower, or 3.1%. The S&P 500 shed 3.3%, and the Nasdaq Composite lost 3.6%.   “Magnificent Seven” tech...

US Stock Market Live: US futures have extended their losses this morning Indian time, having opened lower. Futures on the Dow Jones are now down 300 points, while those on the S&P 500 and Nasdaq are down 35 and 110 points respectively. Thursday's trading session saw the benchmark indices post their seventh negative week in the last nine. Asian markets, whichever are open for trading, have opened mostly lower. Watch this space for all the Live updates.US Stock Market Live: US futures have extended their losses this morning Indian time,...

US Stock Market Live: Stock futures on Wall Street began trading on a negative note on Sunday evening US time, as other global markets also return after a long weekend. Futures on the Dow Jones are down nearly 200 points, while those on the S&P 500 and the Nasdaq are down 25 points and 100 points respectively. Wall Street posted its seventh negative week in the last nine on Thursday. Watch this space for all the Live updates.US Stock Market Live: Stock futures on Wall Street began trading on a...

US Stock Market Live: Stock futures on Wall Street began trading on a negative note on Sunday evening US time, as other global markets also return after a long weekend. Futures on the Dow Jones are down nearly 200 points, while those on the S&P 500 and the Nasdaq are down 25 points and 100 points respectively. Wall Street posted its seventh negative week in the last nine on Thursday. Watch this space for all the Live updates.US Stock Market Live: Stock futures on Wall Street began trading on a...

By Danni Haizal Danial Donald KUALA LUMPUR, April 19 (Bernama) -- The ringgit is expected to trade flat next week, potentially trading at around RM4.41 to RM4.42, said Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid. He said that United States (US) President Donald Trump indicated a reluctance to keep raising the tariff against China as it might impact the trade between the two nations. Additionally, He said several US Federal Reserve officials, including Christopher Waller and Austan Goolsbee, are scheduled to share their thoughts on the current state of the...

India’s forex reserves rose by $1.5 billion to $677.8 billion for the week ended April 11. This marked the sixth consecutive weekly increase, reflecting that India’s economy remains robust despite turbulent timesread moreOn Friday, the Reserve Bank of India (RBI) said that the country’s forex reserves increased by $1.5 billion to $677.8 billion for the week ended April 11.This is the sixth consecutive week the Indian forex has seen a jump. The overall reserves jumped by $10.8 billion to $676.2 billion in the previous reporting week ended April 4.It is...

Rupee sustained its upward momentum for the third consecutive session, closing 12 paise higher at 85.68 (provisional) against the US dollar on Wednesday. The rally was supported by renewed foreign fund inflows and a weaker greenback. Forex traders attributed the rupee’s strength to upbeat domestic macroeconomic data and a 90-day pause on US reciprocal tariffs, which triggered broad-based buying in equities. Additionally, easing crude oil prices in the international market lent further support to the local unit. Also Read:Currency Market News: Rupee gains 26 paise to reach 85.54 vs dollar...