Tag Archives: Forex

The dollar held near two-decade highs against other major currencies on Friday ahead of a widely anticipated speech by Federal Reserve Chairman Jerome Powell at a Jackson Hole symposium. Traders are awaiting indications about the Fed’s monetary tightening plans to curb inflation when Powell speaks at 1400 GMT. The dollar …

European shares rose on Friday as Wall Street’s rally, supported by technology companies overnight, lifted its European peers, but the sentiment was affected by concerns about the pace of interest rate hikes and rising energy costs. The pan-European Stoxx 600 index rose 0.4%, and is heading to end the week …

Japanese shares closed slightly higher on Friday, after giving up some of their early gains, as investors awaited a speech by Federal Reserve Chairman Jerome Powell to look for any clues on the pace of US monetary tightening. The Nikkei index closed up by 0.57 percent at 28,641.38 points, after …

European shares rose on Thursday after gross domestic product data from Germany, the continent’s largest economy, beat analysts’ expectations. At the same time, concerns ahead of the minutes of the European Central Bank’s latest meeting limited gains. The pan-European Stoxx 600 index was up 0.6 percent by 0712 GMT. Energy …

Japan’s Nikkei index halted a five-session decline on Thursday, boosted by gains in drug and technology makers, as investors awaited the Federal Reserve’s Jackson Hole conference for any clues on the pace of interest rate hikes. The Nikkei index rose 0.58 percent to 28,479.01 points, and the broader Topix index …

The sell-off in European shares continued on Wednesday, as investors worried about an energy crisis and bleak growth prospects, while hawkish comments from the US Federal Reserve on monetary policy further pressured sentiment. By 0716 GMT, the European Stoxx 600 index fell 0.2 percent, hovering near its lowest level in …

Japan’s Nikkei index hit its lowest closing level in two weeks on Wednesday, tracking Wall Street’s decline overnight after weak data. Still, gains in energy shares thanks to higher oil prices limited the losses. The Nikkei index fell 0.49 percent to 28,313.47 points, its lowest closing level since August 10, …

The euro fell to its lowest level in 20 years on Tuesday as Europe’s concerns about energy supplies and economic growth worsened, while the dollar rose against major currencies, supported by inflows in the currency, which is considered a safe haven. The euro reached 0.9909 dollars, the lowest level since …

European shares extended losses on Tuesday as investors awaited an important batch of economic data to gauge the strength of companies in a hyperinflationary environment while rising energy prices and a weak economic outlook prevailed. The pan-European Stoxx 600 index fell for a third straight session and fell 0.2 percent, …

Japan’s Nikkei fell for a fourth straight session Tuesday, August 23, tracking Wall Street, which posted losses overnight, ahead of the Federal Reserve’s symposium later this week, while airline and retail shares jumped on news of a possible loosening of border controls to control China. COVID-19. The Nikkei fell 1.19% …