U.K. Wage Growth Eases Less Than Expected Average pay growth was 6.2% in the fourth quarter while unemployment unexpectedly ticked down, signalling a stubbornly tight labor market and reflecting inflationary pressures as the BOE weighs when to start cutting interest rates. Source link
The Indian rupee surged against the US dollar while the 10-year government bond yields dropped on Thursday after a dovish US Federal Reserve outcome raised hopes of more interest rate cuts next year. The rupee opened 13 paise higher at 83.27 a dollar as compared to previous close of 83.40. The 7.18%, 2033 10-year G-Sec … Read more
![Key trading levels for AUD/USD, EUR/USD, GBP/USD, other currencies, Gold and S&P 500 [Video]](https://editorial.fxstreet.com/images/Markets/Commodities/Metals/Gold/gold-bars-50657756_Large.jpg)
Share: Watch the video for the key trading levels for AUDJPY, AUDUSD, EURGBP, EURJPY, EURUSD, GBPJPY, GBPUSD, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY, USD Index, Gold, and S&P 500. Source link
Share: The minutes of the September Bank of Japan (BoJ) meeting showed this Monday that members agreed that sustainable and stable achievement of the price stability target, accompanied by wage increases, had not yet come in sight. Key Highlights: One member said such judgment cannot be made under current circumstances that achievement of the 2 … Read more
This year has posed an unusual array of challenges for investors, and more could be in store. The major stock market indexes are still up in 2023, powered by a narrow slice of technology stocks, but have been losing ground rapidly. Bond yields have risen sharply, topping 5% on some government debt. The economic outlook … Read more
SINGAPORE — Southeast Asian currencies are trading near their lows for the year against the surging dollar, with the Malaysian ringgit and Thai baht leading the decline, as governments and businesses in the region worry about the economic impact of the depreciation. The cheaper currencies are bringing higher import costs. Regional exporters, on the other … Read more
CNN — One year after catastrophic floods devastated swathes of Pakistan, some 4 million children in the South Asian nation remain without access to safe water, the United Nations children’s agency has warned. In a news release Friday, UNICEF said it estimates that there are 8 million people in the country, around half of whom … Read more
Proponents of de-dollarization might resent America’s exorbitant privilege all they want. But what can they do about it? Analysts usually trace the U.S. currency’s hegemony to its outsized use in international commerce. Even a decade after China eclipsed the U.S. as the world’s largest goods-trading nation, that dominance doesn’t appear to be fading. The much-awaited … Read more
The most formidable element of U.S. national power isn’t its military. The trillions spent on the mighty American military machine pale beside the influence created by the dominance of the dollar in the international economy. The central role of the U.S in global business exempted it from many of the normal rules while extending leverage … Read more
About the author: Marc Chandler is chief market strategist for Bannockburn Global Forex, a division of First Financial Bank. The financial shocks that keep hitting the dollar haven’t shaken its role in the world economy. The reasons matter. The dollar may not be eternal. But it won’t be China that knocks it down. The confiscation … Read more