Search Results for: Federal Reserve
Oil plumbs depths as OPEC refuses to blink
December 16th, 2014
A modest rebound by oil futures gave way to fresh selling Monday, clearing the way for a new round of lows after the Organization of the Petroleum Exporting Countries offered no indication it’s ready to blink and cut production. ...
Yen Gauge Rises to Five-Week High on Haven Bid; Rupiah Declines
December 16th, 2014
A gauge of the yen climbed to a five-week high as investors sought a haven after crude oil slumped and Russia raised interest rates. Australia’s dollar touched the lowest level in more than four years against the greenback after ...
U.S. stocks finished lower on Monday
December 16th, 2014
U.S. stocks finished lower on Monday, topping off a wild ride that had the Dow Jones Industrial Average trading in a more than 300-point range on either side of neutral as investors monitored the price of oil. “Everyone keeps ...
Yen Climbs After Election; Aussie Near Low on Iron Prices
December 15th, 2014
Australia’s dollar fell to the lowest since June 2010 and the nation’s bonds rallied as commodities slumped and people were taken hostage in a cafe in Sydney’s financial district. The Aussie weakened against most of its 16 major peers ...
Two decades after the peso crisis, Mexico faces new shocks
December 12th, 2014
MANY factors contributed to Mexico’s “tequila crisis” in 1994, but two stood out: tighter monetary policy in the United States and political instability at home. Almost exactly 20 years later, the same forces are again weighing on the currency, ...
Dollar Snaps 3-Day Skid on Gains in Retail Sales; Krone Declines
December 12th, 2014
The dollar snapped a three-day skid after U.S. retail sales climbed the most in eight months, further evidence of a strengthening economy as the Federal Reserve considers its first interest-rate increase since 2006. The greenback gained versus most major ...
Dollar Gains as Retail Sales Rise Most in 8 Months; Yen Declines
December 11th, 2014
The dollar rose for the first time in four days as a report showed retail sales climbed the most in eight months in November, indicating a strengthening U.S. economic recovery amid sluggish global growth. The greenback gained versus most ...
Congress reaches deal for $1.1 trillion U.S. spending bill
December 10th, 2014
Congressional negotiators unveiled a $1.1 trillion U.S. spending bill that aims to avoid a government shutdown at midnight on Thursday and punts an immigration showdown between Republicans and President Barack Obama until February. As the funding deadline loomed, Republicans successfully negotiated ...
Yen Heads for Biggest 3-Day Gain in a Year as Volatility Rises
December 10th, 2014
The yen strengthened, heading for its biggest three-day gain versus the dollar in more than a year, as a decline in shares around the world and slowing growth in China boosted demand for haven assets. Japan’s currency advanced against ...
Yen Advances on Haven Demand Amid Global Plunge in Equities
December 9th, 2014
The yen gained the most in two months against the dollar as a plunge in global stocks revived demand for Japan’s currency as a haven. The yen rose versus all but one of its 16 major peers as the ...
