Dollar

Yellen is the first female Treasury Secretary with a signature on the U.S. dollar

Yellen is the first female Treasury Secretary with a signature on the U.S. dollar

WASHINGTON — During a recent appearance on “The Late Show With Stephen Colbert,” Treasury Secretary Janet L. Yellen was faced with a tricky question: After nearly two years on the job, why is signing her predecessor, Steven T. Mnuchin, was it still scrawled across national currency? The answer, she explained, was a quirk of coinage …

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Analysis: Investors look to emerging markets as planets align for end of dollar bull market

Analysis: Investors look to emerging markets as planets align for end of dollar bull market

NEW YORK, Dec 6 (Reuters) – As the U.S. dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be the big winners from a sustained reversal in the greenback. The MSCI International Emerging Market Currency Index (.MIEM00000CUS) is up nearly 5% from its lows and posted its best monthly gain in …

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Acclaimed actions by Powell and China;  Dollar Drops: Market Recap

Acclaimed actions by Powell and China; Dollar Drops: Market Recap

(Bloomberg) – Rising U.S. equity futures signaled a continuation of the index’s lofty gains from Wednesday, fueled by China’s softer stance on Covid and confirmation of a faster pace of rate hikes. slow from Federal Reserve Chairman Jerome Powell. The dollar hit a three-month low. Bloomberg’s Most Read S&P 500 contracts climbed 0.5%, a day …

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Equities boosted by rate hike outlook;  Dollar Slips: Market Recap

Equities boosted by rate hike outlook; Dollar Slips: Market Recap

(Bloomberg) – European stocks gained and the dollar fell after Federal Reserve meeting minutes showed support for more moderate interest rate hikes. Bloomberg’s Most Read The Stoxx Europe 600 index extended its recent rally as the real estate sector outperformed, boosted by the prospect of slower rate hikes and analyst upgrades. Shares of Dr. Martens …

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China COVID woes, Fed minutes hit dollar, CZ

China’s COVID Woes, Fed Minutes Hit Dollar, CZ’s Crypto Fund – What’s Moving Markets By Investing.com

© Reuters By Geoffrey Smith Investing.com — It’s Thanksgiving and U.S. stock markets are closed for a well-earned rest. The rest of the world gives thanks for a series of Fed minutes that bolstered the “dovish pivot” narrative, crushing the dollar and U.S. bond yields and giving battered currencies around the world a break. The …

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Stocks fall on China Covid concerns;  Dollar Rise: Market Recap

Stocks fall on China Covid concerns; Dollar Rise: Market Recap

(Bloomberg) – Stocks fell amid fears China would tighten Covid restrictions after a string of reported deaths as investors sought refuge in the dollar. Bloomberg’s Most Read European equities fell slightly, with mining stocks being the main drag on the regional benchmark. S&P 500 and Nasdaq 100 futures both fell about 0.5%. Walt Disney Co. …

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Dollar and Treasury Yields Rise on Fed Waller: Market Recap

Dollar and Treasury Yields Rise on Fed Waller: Market Recap

(Bloomberg) – The dollar and Treasury yields rose after Federal Reserve Governor Christopher Waller warned policymakers had “some way to go” before ending interest rate hikes. Bloomberg’s Most Read US equity futures fell while contracts for Europe rose. Asian stocks erased earlier gains, dragged down by Japanese stocks. The greenback had been on the back …

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