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Markets 2 years ago
Volatile bitcoin falls from record high as crypto frenzy hits pause
Bitcoin eased to a one-week low in volatile trade on Friday, as investors took profit from its run to a record high and as another upside surprise on US inflation dimmed prospects of early rate cuts there and dented demand for riskier assets.
Markets 2 years ago
Yen hits fresh one-year low as focus swings to US inflation data
The Japanese yen hit a fresh one-year low against the dollar on Monday, as traders awaited another batch of US inflation data that is expected to offer further clues this week on whether the Federal Reserve has more work to do to tame price pressures.
Markets 2 years ago
Dollar drifts as investors eye Powell speech, yen wobbles near intervention zone
The US dollar started Tuesday on the back foot as investors took stock of developments in the Middle East and braced for a slew of speeches by central bank officials this week headlined by Fed Chair Powell to gauge the monetary policy outlook.
Markets 2 years ago
Dollar rises to 5-week high on inflation worries; lira falls
The US dollar rose to a five-week high against major peers on Monday, buoyed by inflation worries at home and growth concerns globally, though its gains were capped by anticipation the Federal Reserve will cut rates later this year.
