Stock Market MSCI's global equity benchmark is hovering close to Monday's seven-week high and is on track for the best month in almost a year. However, European stocks softened, led by a 2% drop in mining and resource firms .Bank…
Continue ReadingThe USD/JPY pair maintained its bid tone coming into the North American session, but struggled to find acceptance or build on momentum above the 114.00 level. The pair extended its overnight rebound from the 113.40 region, representing ascending trend-line support…
Continue ReadingGBP/USD pares intraday gains to two-week highs, rising slightly around 1.3625-30. The British pound gained some ground on Monday after the Bank of England signaled an impending rate hike. The upside is still limited due to the underlying optimistic…
Continue ReadingThe dollar hovered below the previous session's one-year highs on Thursday on growing expectations the U.S. Federal Reserve will tighten policy in coming months, while Asian shares were headed for their worst quarter since the pandemic hit. Resolving "tension" between…
Continue ReadingThe dollar hovered above a one-week low versus major peers on Friday, taking a breather after its biggest drop in almost a month overnight, as questions lingered about the fate of property developer China Evergrande Group. The yen fell to…
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