TOKYO : The dollar steadied on Wednesday after it seesawed with bond market volatility as investors scrutinised U.S. economic indicators, Federal Reserve commentary and corporate earnings for clues about the path for interest rates.The dollar index - which gauges the greenback against six major peers - ti
TOKYO : The dollar steadied on Wednesday after it seesawed with bond market volatility as investors scrutinised U.S. economic indicators, Federal Reserve commentary and corporate earnings for clues about the path for interest rates.
U.S. two-year Treasury yields, which are extremely sensitive to Fed expectations, reached an almost one-month high of 4.231 per cent overnight, and remained elevated in Tokyo trading on Wednesday. By contrast, Atlanta Fed President Raphael Bostic said in an interview with CNBC that he expects just one more quarter point hike, followed by an extended pause.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dollar firm on Fed rate hike view, focus on China dataSINGAPORE : The dollar eased on Tuesday after rallying overnight as strong U.S. economic data reinforced expectations that the Federal reserve will hike interest rates again in May, while investors awaited data from China that will highlight the extent of the recovery of the world's second biggest economy.
Read more »
Fed's Bowman sees potential for interbank digital dollarA so-called 'wholesale' central bank digital currency could hold promise for the future settlement of certain financial market transactions and processing international payments, Federal Reserve Governor Michelle Bowman said on Tuesday.While a digital dollar could make sense for interbank transactions, th
Read more »
Dollar slips after earlier rally; China GDP beats estimatesSINGAPORE : The dollar eased on Tuesday after rallying overnight as strong U.S. economic data reinforced expectations that the Federal reserve will hike interest rates again in May, while China's economic recovery gathered pace in the first quarter.The dollar index, which measures the currency against six
Read more »
Fed likely to hike rates one more time and then hold steady, Bostic saysThe Fed’s inflation target is 2 per cent. Read more at straitstimes.com.
Read more »
China wants weaker US dollar as reserve currency, says Biden economist nomineeWASHINGTON : There was 'some evidence' that China wants the dollar to weaken as the international reserve currency, said a White House nominee for a top economist position on Tuesday, and he urged Congress to raise the U.S. debt ceiling to protect the dollar's value.Jared Bernstein, a member of the White
Read more »
Stocks slip as focus falls back on FedSINGAPORE : Stocks eased on Wednesday, while the dollar was under a little pressure, as traders shifted focus from U.S. banking stress to expectations for an imminent peak in the Federal Reserve's interest rate cycle.MSCI's index of Asia shares outside Japan dropped 0.5 per cent to retreat further from Mo
Read more »