Key Points
TOKYO (Reuters) The U.S. dollar revisited a one-year high against major peers on Thursday, as a fourth straight winning session from momentum sparked by Donald Trumps election victory eclipsed a rise in bets for Federal Reserve easing...
Cryptocurrency bitcoin also shot to a fresh record high of $93,480 overnight, and was rising back towards that level early in Asias day..
Higher trade tariffs and tighter immigration under the incoming Trump administration are projected to fuel inflation, potentially slowing the Feds rate cutting cycle longer term..
Elsewhere, the Australian dollar hovered near the previous sessions three-month nadir after marginally weaker jobs data failed to move the needle on Reserve Bank of Australia policy expectations...
After an extended period of Australian jobs growth exceeding expectations, todays softer jobs growth offers some modest indications of cooling within an exceptionally resilient labour market, said Tony Sycamore, an analyst at IG...
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How investors can track the impact of currency on their portfolio? Tarun Birani explains
12, Apr, 23Any rise in crude prices affects 80% of the landed cost. Landed cost of crude becomes higher. And just to give you a figure, 80% of the oil is imported in India. A lot of industries like paint, chemical are impacted due to crude prices. And you can see hit on their margins. And definitely, all these companies are part of your portfolio, so it negatively impacts.