Oil headed for its first weekly loss in four after the Federal Reserve flagged a further rise in US interest rates this year, damping appetite for risk assets and overshadowing physical tightness in the crude market. West Texas Intermediate was steady near $90 a barrel on Friday, and...
Japanese stocks fall as the yen retains gain ahead of the Bank of Japan’s policy decision later today. Topix Index fell 0.8% to 2,363.46 as of 9:01 a.m. Tokyo time Nikkei declined 0.9% to 32,272.61 Toyota contributed the most to the Topix’s decline, decreasing 1.1%. Out of 2,157 stocks in...
Asia-Pacific markets fell ahead of the Bank of Japan’s rate decision, which investors will be closely watching to determine if the central bank will make any change to its ultra-easy monetary policy A poll of Reuters economists showed that economists all expect the BOJ to hold...
The yen was held at the mercy of soaring U.S. Treasury yields on Friday ahead of a closely watched rate decision by the Bank of Japan (BOJ), while the dollar stood near a six-month peak on the prospect of higher-for-longer U.S. rates. The Japanese currency was...
Asia-Pacific markets fell across the region after the U.S. Federal Reserve held its benchmark policy rate, but said it will raise interest rates one more time this year, according to the central bank’s projections. Projections showed the central bank expects to hike rates to a median...
The dollar hit fresh peaks on Thursday, sitting around its highest against the yen since November after a hawkish pause by the U.S. Federal Reserve. Sterling, meanwhile, sank to fresh multi-month lows in the wake of an inflation report that surprised to the downside on Wednesday,...
Gold slipped as markets considered hawkish commentary from the Federal Reserve, after US policymakers signaled interest rates will remain higher for longer. The Federal Open Market Committee on Wednesday held its target range at 5.25% to 5.5%, while updated quarterly projections showed 12 of 19 officials favored another rate...
Oil fell after the Federal Reserve signaled that at least one more interest-rate hike is possible this year in its fight to subdue stubborn inflation, overshadowing signs of a tighter physical crude market. West Texas Intermediate declined below $89 a barrel, dropping for a third day in the...
Britain’s inflation rate fell unexpectedly despite a surge in fuel prices, easing pressure for further interest-rate increases from the Bank of England. The Consumer Prices Index rose 6.7% from a year ago in August, less than the 6.8% gain the month before, the Office for National Statistics said...
The dollar remained firm on Wednesday ahead of a much-anticipated rate decision by the Federal Reserve later in the day, while sterling slid on increased bets the Bank of England (BoE) will pause its historic run of interest rate hikes. The U.S. dollar index, which measures...