By Rocky Swift TOKYO, March 18 (Reuters) - The dollar held losses on Wednesday as a glimmer of risk appetite came back to markets ahead of a slate of key central bank decisions.
Investing.com — A sharp spike in global energy prices and a deteriorating geopolitical outlook following the outbreak of the Iran war have significantly increased the probability of a global economic downturn, according to a report from BCA Research. The firm’s Global Investment Strategy (GIS) team has tactically downgraded global equities from neutral to underweight on a three-month horizon, citing a sharp negative shift in its proprietary MacroQuant model.
Next week’s calendar brings together seven of the world’s most influential central bank meetings at a moment of exceptional uncertainty for the global economy.
Barron’s asked a French journalist for insider tips on how to avoid getting fleeced and still soak up plenty of good food and culture this summer.
Investing.com — Currency markets are bracing for a period of heightened volatility as analysts weigh three distinct energy supply scenarios stemming from the ongoing Middle East conflict. A new impact assessment by Morgan Stanley says the U.S. Dollar (USD) and the Euro (EUR) remain tethered to the severity of disruptions in the global oil complex.
Honeywell (NASDAQ: HON) today announced offers to purchase for cash the securities listed in Table 1 below (collectively, the "Dollar Securities") and the securities listed in Table 2 below (collectively, the "Euro Securities" and, together with the Dollar Securities, the "Securities") issued by Honeywell (i) for up to a maximum aggregate purchase price to be paid for the Dollar Securities validly tendered (excluding the accrued and unpaid interest on the Dollar Securities) of up to $3,750,000,0
Questions remain about how a jump in energy prices and threats from Donald Trump over ever-escalating tariffs will play out.
1531 GMT – The dollar’s recent appreciation is driven by the potential for an improved U.S. terms of trade as oil prices rise due to the Middle East conflict, Commerzbank’s Michael Pfister says in a note. Higher oil prices therefore boost the U.S. terms of trade as U.S. export prices rise relative to those in the eurozone, giving Americans more money at their disposal to spend. The “decisive factor” is how long the oil prices increase lasts.
Investing.com -- Citi revealed in a note on Wednesday that it is cutting risk across several macro positions after a sharp and sudden volatility event driven by geopolitical tensions.
As war in Iran rages on, foreign exchange traders are adjusting to a rapidly escalating supply shock.
The dollar has registered strong gains against the euro and yen, two currencies which have been frequently mentioned as alternatives to the greenback.
Bloomberg’s dollar index rose as much as 1%, biggest one-day jump since May, as the currency gained against all of its major peers. The Swiss franc and Japanese yen, both net energy importers, lost more than 1% against the US currency Monday, before paring the drop, as the US and Israeli military strikes pushed oil prices up sharply.
By Alun John LONDON, March 1 (Reuters) - The safe-haven Swiss franc and Japanese yen firmed, while the euro slid as trading resumed after a weekend that saw the United States and Israel launch their
Investing.com – The era of easy gains in AI-related stocks might finally be over. While investors spent the last year pricing the AI revolution as an "upside-only" win for corporate profits, a new BofA Global Research note suggests the market is starting to wake up to the "double-edged sword" nature of the technology.
The US dollar has lost 10% of its relative value over the past year, presenting risks and opportunities.
Christine Lagarde said she expects completing her mission as European Central Bank president to take until the end of her term, amid speculation that she will resign early. “When I look back at all these years, I think that we have accomplished a lot, that I have accomplished a lot,” she told The Wall Street Journal. Lagarde last year said she was determined to serve out her term after reports she had discussed leaving early to run the World Economic Forum.
The dollar has moved up in most of its pairs as traders generally expect ongoing strong economic growth.
European Central Bank President Christine Lagarde hasn’t taken any decision on whether to serve out her full term, according to an ECB spokesperson. Lagarde's term is due to end in October 2027. Earlier, the Financial Times said Lagarde would step down early to allow French President Emmanuel Macron and German Chancellor Friedrich Merz to be involved in choosing a new ECB president.
The dollar index (DXY00 ) on Tuesday rose to a 1-week high and finished up by +0.25%. Weakness in the euro and the British pound on Tuesday was supportive for the dollar after both currencies fell to 1-week lows. Also, hawkish Fed comments boosted the dollar on Tuesday after Chicago...
The index closed up 82.48 points, 0.8%, at 10,556.17.