Economic Report

The Japanese yen fell on Monday to its lowest level in six years against the dollar and is on track to record its largest daily loss since March 2020, after the Bank of Japan moved to contain rising bond yields even as US Treasury yields rose to new highs not …

US equities were mixed throughout Friday but eventually closed higher for the week after a streak of up and down days on Wall Street as investors digest the path ahead for the US central bank’s interest rate hikes and a host of new sanctions imposed by Western nations against Russia.The …

US jobless claims set a more than 50-year low last week as the red-hot labour market shows few signs of cooling in the near-term. The Labour Department released its latest weekly jobless claims report Thursday. Jobless claims fell by 28,000. Initial jobless claims, week ended March 19: 187,000 versus. 210,000 …

The dollar rose on Thursday as oil prices stabilized and commodity-linked currencies gave up some of their gains, while the yen plunged to its lowest level since 2015. The turmoil prevailed in stock markets and struggled to achieve gains in Asian trading, as investors exercised more caution after hawkish comments …

A sharp selloff in US Treasuries eased on Wednesday as the market tries to come to grips with how the Federal Reserve might address rising inflation without hiking interest rates at such a clip it spins the economy into recession.Yields were lower across the curve, from two-year notes out to …

Inflation fears pushed bond yields higher, with bonds posting record losses, as traders flocked to stocks. But futures contracts for US indices such as the Dow Jones, S&P 500, and Nasdaq, headed lower. Oil prices also remained volatile with pressure. Investors today seem to be thinking about the distribution of …

Bitcoin rose to a three-week high as cryptocurrencies moved with major stock market indices. Bitcoin rose to $42,673, up 4.1% within the previous 24 hours.The price of the largest cryptocurrency by market value touched $43,337 earlier Tuesday, the highest point since 3 March.Bitcoin’s price is, broadly, moving in line with …

The dollar rose on Tuesday after US Federal Reserve Chairman Jerome Powell raised the possibility of a 50 basis point rate hike, while the yen slipped below 120 yen to the dollar after the Bank of Japan reiterated its support for loose monetary policy. The euro was also pressured, falling …

The US dollar rose against a basket of major currencies on Monday, following comments from Federal Reserve Chairman Jerome Powell that opened the door for the US central bank to pursue a more tightened path of monetary policy. The greenback fluctuated between small gains and losses earlier on Monday and …

Exchanges and brokers are demanding more money up front to trade oil, wheat and natural gas, straining markets already dealing with supply disruptions from the Ukraine war. Commodity prices are hot right now. But the prices investors are paying in the open market for commodities like coffee, copper or corn …