Key Points
(Reuters) Stocks fell and the dollar gained on Thursday after Federal Reserve minutes signaled U.S. interest rate cuts were set to begin but U.S. business activity fell to a 4 month low...
The Fed minutes, released Wednesday, said the vast majority of policymakers felt that, if data came in as expected, a September cut was likely to be appropriate validating market expectations...
U.S. business activity also fell to a four-month low in August and firms continued to struggle to pass on higher prices to consumers, bolstering the likelihood that inflation will stay on a downward trend over the coming months...
The dollar rebounded from a 13-month low against the euro on Thursday before Federal Reserve Chair Jerome Powell is due to speak on Friday and as the greenbacks recent weakness was seen as being overdone relative to peers..
In Britain, the pound initially rose to a new 13-month high on the dollar and also strengthened against the euro after British business activity data showed steady growth momentum going into the second half of 2024..
You might be interested in
Stocks decline and dollar rebounds as Fed readies rate cuts
23, Aug, 24By Lawrence Delevingne (Reuters) -Stocks fell and the dollar gained on Thursday as traders digested fresh economic data and awaited confirmation from the U.S. Federal Reserve on Friday that it will
Dollar slips as data keeps rate cut hopes intact
08, Mar, 24By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar slipped against the euro on Friday after data showed U.S. job growth accelerated in February, but a rise in the unemployment rate and moderation in
Euro edges down as EZ avoids recession, dollar rises ahead of Fed decision
30, Jan, 24By Joice Alves and Brigid Riley LONDON/TOKYO (Reuters) - The euro edged lower on Tuesday after data showed the euro zone narrowly avoided a technical recession in the fourth quarter, while the U.S.
Stocks hold firm as US inflation data keep rate cut hopes alive
15, Aug, 24By Koh Gui Qing and Elizabeth Howcroft NEW YORK/PARIS (Reuters) -Global stocks held steady and government bond yields retreated a touch on Wednesday after data showed U.S. consumer prices rose
Dollar hits 11-week high as Fed rate cut bets recede
05, Feb, 24By Harry Robertson and Rae Wee LONDON/SINGAPORE (Reuters) -The dollar rose to its highest in almost three months against other major currencies on Monday as traders clawed back bets for aggressive
US dollar tumbles in midst of consolidation; US data, ECB loom
25, Jan, 24By Gertrude Chavez-Dreyfuss and Harry Robertson NEW YORK/LONDON (Reuters) -The U.S. dollar dropped on Wednesday, after rising in eight of the last 10 sessions, as investors consolidated gains spurred
US dollar poised for biggest weekly gain since mid-January; yen falls ahead of BOJ
16, Mar, 24By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar rose to a more than one-week high on Friday after a mixed batch of data showed the U.S. economy remained stable with small pockets of
US dollar up slightly after GDP data; euro falls after ECB, Lagarde comments
26, Jan, 24By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. dollar edged higher on Thursday after data showed the world's largest economy grew at a faster pace than expected in the fourth quarter,
Asian stocks follow Wall Street higher; yields and dollar down
14, Dec, 23By Xie Yu HONG KONG (Reuters) - Asian stocks broadly rallied on Thursday, after the U.S. Federal Reserve flagged the end of its tightening cycle and struck a dovish tone for the year ahead. U.S.