China’s yuan rallies with central bank backing as worries mount over US dollar
A recent rally in China’s yuan has been primarily fuelled by stronger guidance from its central bank rather…
The Fed got it wrong and is late again, top economist says, as job gains collapse
Allianz chief economic advisor Mohamed El-Erian said the Federal Reserve is behind the curve in lowering rates now that the…
US job growth slows sharply in August, unemployment rate ticks higher
NEW YORK (Reuters) -The pace of U.S. job growth slowed more than expected in August, and the unemployment…
US job growth slows sharply in August, unemployment rate ticks higher
NEW YORK (Reuters) -The pace of U.S. job growth slowed more than expected in August, and the unemployment…
Asian stocks track Wall Street higher, bond yields ease before US payrolls
By Kevin Buckland TOKYO (Reuters) -Asian stocks tracked Wall Street’s rise to a record high and Treasury yields…
Dollar weak as cracks in US labour market spur rate cut bets
By Ankur Banerjee SINGAPORE (Reuters) -The U.S. dollar softened on Thursday in a volatile week as investors contended…
Dollar drops against peers, euro gains after US jobs data
By Chibuike Oguh NEW YORK (Reuters) -The U.S. dollar extended losses on Wednesday against major currencies, including the…
Dollar weak on rate outlook, gold hits record high
By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks edged higher while the dollar lurked near five-week lows and gold…
Donald Trump is taking over the US Federal Reserve and financial markets have missed the point
Financial markets are missing the point about Donald Trump’s takeover of the Federal Reserve. It’s not really about…
Wall Street’s Momentum Train Hits Full Speed Into September
(Bloomberg) — Even after Friday’s stock dip, Wall Street’s risk-on momentum train is barreling into September at full…
Oil Prices Slip on Oversupply Concerns
Oil prices slipped in early Asian trading on Thursday, giving back some of the previous session’s gains as…
Stocks: Investors got a look at a world where the dollar isn’t a reliable reserve currency
Markets sold off worldwide after President Trump announced plans to fire Fed governor Lisa Cook and threatened steep…