Browsing: Stocks

Most Latin American currencies rose on Friday as the dollar weakened after a U.S. inflation reading supported expectations of interest rate cuts from the Federal Reserve, while Mexico’s peso edged higher in the lead-up to presidential elections.

LONDON/SINGAPORE  – The Japanese yen drifted to its softest level in four weeks against the dollar on Wednesday on the back of rising U.S. yields, as placid markets encouraged investors to resume carry trades, while the euro weakened after German inflation data.

The Russian ruble continued to strengthen against major currencies on Monday, jumping to its highest level against the dollar since late January, trading data from the Moscow Exchange (MOEX) shows.

Gold prices ticked up on Monday, as investors assessed diminishing bets of U.S. interest rate cuts ahead of a key inflation report due later in the week.

The pound held steady on Thursday near multi-month highs a day after British Prime Minister Rishi Sunak called a national election and data showed…

NEW YORK – The dollar slipped against most major currencies on Friday as traders booked profits after recent gains but the U.S. currency remained well-placed for further advances, supported by strong U.S. economic data that has prompted markets to dial back expectations for interest rate cuts.

Fresh signs of a cooling economy calmed inflation worries in May, helping all three major U.S. stock indexes rise to records this week

NEW YORK – A world stock index rose for a seventh straight session and U.S. Treasury yields also gained on Friday as investors tried to assess the timing of potential interest rate cuts by the Federal Reserve this year.

SINGAPORE – Asian shares hit two year highs while copper and gold struck records on Monday as investors wagered on interest rate cuts around the corner and China stepping up efforts to steady its ailing property sector.

The euro was little changed at $1.0871, not far from the nearly two-month high of $1.0895 it touched last week