The 10-year Treasury yield exceeded 1.66% on Wednesday morning. This took place later that day, prior to the release of minutes from the Federal Reserve Board’s last policy meeting. Benchmark yield 10-year government bond It rose to 1.666% EST at 4 am. Yield 30-year government bond It rose to 2.385%. …
Read More »Markets Await Signals for Policy Direction in Fed’s Meeting Minutes
Markets are anticipating the release of the United States Federal Reserve’s minutes of its April meeting, due to be released on Wednesday. The meeting minutes are expect to publicly show some signs that there was a discussion among the monetary policy maker on whether the central bank should raise interest …
Read More »Dollar Near a Multi-Month Low as Expectations of Interest Rate Stabilization Grow
The dollar fell to its lowest level in six years against the Canadian dollar and near its lowest level in several months against European currencies on Tuesday, as US Treasury yields stabilized amid renewed expectations that the United States will not raise interest rates soon. Robert Kaplan, head of the …
Read More »How is Elon Musk Impacting the Cryptocurrencies Scene?
Bitcoin rebounded on Monday, recovering from the lowest level for the cryptocurrency in about three months, after recent steep declines. The largest cryptocurrency in the world in terms of market capitalization was hit hard by the decision of Tesla, owned by billionaire and major supporter of digital currencies Elon Musk, …
Read More »Dollar Drops After Fed Eases US Inflationary Tension
The US dollar fell against other major currencies on Friday, May 14th as risk appetite recovered in various markets, after Fed officials this week helped ease tension over the acceleration of inflation in the United States. The dollar, which is considered a safe haven in times of market volatility, fell …
Read More »Commodity Gains Capped The Dollar Ahead of The Inflation Data, AUD at 2-Month High
The dollar stabilized near its lowest level in several months today, Tuesday, as high commodity prices supported the currencies of exporting countries, but caution about US inflation data that may lead to early interest rate hikes prevented the dollar’s decline. The Australian dollar moved at its highest level in two …
Read More »Colonial Ransomware Attack Raises Questions about Cybersecurity
A cyberattack on a major gasoline pipeline in the United States has been identified as a ransomware attack, which means that the aim of the attackers is likely to receive money and not perpetuating a political message or cause instability in the American energy sector. The attackers, a group called …
Read More »The US dollar Facing The Weak Jobs Data And Feds, Will it Continue to Decline?
The dollar fell to its lowest level in more than two months against other major currencies today, Monday, after the disappointing jobs report in the United States, prompting investors to reduce their forecast of raising interest rates, while the focus turns to inflation data released this week. The United States …
Read More »U.S. New Jobs Report Comes Below Expectations in April
The United States economy added fewer jobs than expected during April, official government data showed on Friday. The U.S. Department of Labor monthly report showed that nonfarm payrolls increased by 266,000 jobs last month. This follows a 770,000 increase in March and compared with market expectations of 978,000 new jobs. …
Read More »The Dollar Near Weekly Low Ahead of The US Jobs Data
The dollar held on Friday, May 7, near its lowest level in a week, as it is under pressure ahead of the release of US jobs data, which is expected to boost hopes for a strong economic recovery after the pandemic and support investors’ appetite for risk. Against a basket …
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