Tag: FED
Fed rate hike weakens pressure on euro
Today on Monday (June 27), the US dollar and euro opened at 0.9470 and closed at 0.9471 yesterday. As of now, the highest has...
Fed to continue raising interest rates by 75 basis points in July? The fifth high-ranking official has supported it, and this time it is...
As U.S. economic data softened and U.S. stocks rebounded due to the rapid cooling of interest rate hike expectations, the market seemed to be...
Canada’s move to bulk up antitrust muscle may miss root of problem
TORONTO (Reuters) - Waves of industry consolidation over the decades have resulted in fewer choices for customers from telecoms to banking, with Canadians paying...
U.S. stock market rebound faces key inflation test
NEW YORK (Reuters) -A rally that lifted U.S. stocks from the brink of a bear market faces an important test next week, when consumer...
Musk backtracks on job cuts, says Tesla salaried staff to be ‘fairly flat’
Tesla Inc Chief Executive Elon Musk said on Saturday that the electric vehicle maker's total headcount will increase over the next 12 months, but...
No new refineries likely ever built again in the U.S., Chevron CEO warns
Chevron (NYSE:CVX) CEO Mike Wirth said Friday that he does not expect another oil refinery will be built in the U.S. ever again, due...
Gold rises over 1% buoyed by dollar slide, weak ADP data
Gold prices rose over 1.3% on Thursday supported by a dip in the dollar and data showing U.S. private payrolls rose less than expected...
Gold slips 1% as solid jobs data spurs rate hike bets
Gold prices fell on Friday, pressured by a stronger dollar and as better-than-expected U.S. jobs data raised concerns of aggressive monetary policy tightening. Spot gold...
Gold dips as investors focus on US jobs data
Gold prices were headed for a third straight weekly gain on Friday after easing slightly during the session as focus turned to a key...
Gold rises over 1% buoyed by dollar slide, weak ADP employment data
Spot gold rose 1.2% to $1,868.41 per ounce by 1:46 p.m. ET (1746 GMT), having earlier risen to a one-week high. U.S. gold futures...
Gold slips 1% as solid jobs data spurs rate hike bets
Spot gold fell 1% to $1,848.67 per ounce by 1759 GMT, after earlier falling to $1,846.4. U.S. gold futures settled down 1.1% at $1,850.2. Data...
Gold Down, Supported by Lower U.S. Yields but Pressured by Strengthening Dollar
Gold was down on Thursday morning in Asia, with the yellow metal caught between support from slightly lower U.S. Treasury yields and pressure from...