Tag: U.S. Dollar Index (DXY)
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Investors start to fret that China, Europe may drag U.S. economy down with them
[ad_1] It’s not just U.S. recession risks that investors care about anymore, but whether China and Europe could drag the world’s largest economy into a downturn. That was the case on Monday following disappointing second-quarter growth data from China which overshadowed comments from Treasury Secretary Janet Yellen, who said she sees no U.S. recession. European…
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Stocks are riding a wave of optimism as U.S. inflation recedes, but there are dangers lurking
[ad_1] As U.S. inflation continues to cool, stocks are riding a wave of optimism. During the past week, the S&P 500 SPX, -0.10% climbed above 4,500 for the first time in more than 15 months, after both the consumer price index and producer price index data showed cooler-than-expected inflation in June. Some bulls expect an…
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Why markets are misjudging the Fed’s ability to raise rates even though inflation is slowing
[ad_1] Parts of the financial markets are struggling to adapt to the idea that the Federal Reserve might keep raising interest rates even after this week’s data clearly pointed to decelerating inflation. Late Thursday, Federal Reserve Gov. Christopher Waller indicated he remains unmoved by June’s consumer price index and that he supports two more rate…
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S&P 500 on cusp of 4,500 as stocks climb for 4th day and trade at 15-month highs
[ad_1] The S&P 500 index was on the cusp of 4,500 on Thursday as U.S. stocks climbed for a fourth day, led by technology stocks, and traded at fresh 15-month highs following data showing June producer price inflation slowed further, bolstering the chances that the Federal Reserve is near the end of its campaign of…
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Oil prices edge up to highest since April, bolstered by weaker U.S. dollar, production cuts
[ad_1] Oil prices rose slightly to reach their highest levels since April on Thursday as declining inventories and production cuts helped boost prices amid the annual summer surge in demand. Price action West Texas Intermediate crude for August delivery CLQ24, +0.39% CL00, -0.25% gained 13 cents, or 0.2%, to $75.89 per barrel on the New…
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U.S. dollar falls to over one-year low as inflation slows again in June
[ad_1] The U.S. dollar fell Wednesday after the consumer-price index for June showed the rate of inflation slowing to the lowest level since 2021. The ICE U.S. Dollar Index DXY, -1.12%, a measure of the currency against a basket of six major rivals, fell to 100.58 on Wednesday, on pace for the lowest level since…
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Dollar falls to two-week low as U.S. job market cools off in June
[ad_1] The U.S. dollar fell Friday after data suggested that U.S. labor market, though still tight, may be cooling off as rising interest rates gradually weaken the economy. The ICE U.S. Dollar Index DXY, -0.88% on Friday fell almost 0.9% to as low as 102.2, the lowest level since June 22, according to Dow Jones…
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Biden is declaring victory on the economy. Wall Street is slowly coming around.
[ad_1] The index of leading economic indicators peaked in February 2022, recession warnings started appearing on Wall Street in the middle of last year, and the yield curve became inverted, for good, by July 2022. And yet here we are, at the end of the second quarter in 2023, some 5 percentage of Fed rate…
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What’s next for markets after aborted mutiny leaves Russia’s Putin weakened
[ad_1] Investors will start the week nervously sorting through the aftermath of a short-lived rebellion by the mercenary Wagner Group that’s seen leaving Russian President Vladimir Putin weakened. “As Monday’s global markets are set to begin trading, investors are laser-focused on whether the short-lived Russia insurrection was only the beginning of a much deeper thunderbolt…