Asian stocks scaled 19-month peaks on Wednesday thanks to a record-setting night on Wall Street after Federal Reserve Chair Janet Yellen flagged a possible interest rate hike next month, keeping the dollar in pole position near three-week highs.
Conventional wisdom to start 2017 was that reflationary policies by the Trump administration would lift U.S. yields and this would boost the U.S. dollar. Instead the year-to-date has frustrated the conventional wisdom trades as U.S. bond yields have ...
The U.S. dollar fell against its major rivals on Thursday, with politics still a major driver as investors awaited more detail on tax-policy plans from the Trump White House and remained cautious about the prospect of a trade war.
Asian shares inched to 19-month highs on Tuesday as the potential for economic stimulus in the United States lifted the dollar, bond yields and Wall Street stocks. The dollar was also bolstered by speculation the head of the Federal Reserve would ...
World stocks made their first gain in five days on Wednesday as the dollar steadied from turbulence after the Trump administration accused Germany, Japan and China of devaluing their currencies to gain a trade advantage.
The euro is down by 0.7% at 1.0536 against the dollar despite a slew of strong PMI data. Markit's composite purchasing manager's index for the eurozone came in at 56.0 in February, above expectations of 54.3.
The dollar slipped broadly on Monday after U.S. President Donald Trump struck a protectionist tone in his inauguration speech, offsetting optimism that he will follow through on promises of tax cuts and other stimulus.
Another reason for the upbeat mood has been that, unlike in recent years, the prospect of U.S. interest rate rises - which tend to set the bar for global borrowing costs - does not seem to be spooking markets.