
Market Hears Dovish Fed Hike And Sells Dollars
USD remains under pressure following the Fed's rate hike. After a poor showing yesterday, US index futures are trading with a firmer bias. Europe's STOXX 600 is snapping a three-day advance.
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Terms Of UBS Acquisition Wipe Out Additional Tier 1 Capital And Spur Fresh Concerns
Asia-Pacific equities was a sea of red, and Japan and Australia indices shed more than 1%. Dollar Index remains within the range seen last Wednesday (~103.45-105.10) but is at the lower end.
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Concerns Over U.S. Banks Rival Today's Jobs Report
The sell-off of US bank stocks and the broad decline in US equities drove down global markets today. Read more here...
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Yen Jumps Despite Poor GDP Ahead Of Tomorrow's BOJ Outcome
The dollar remains firm but mostly consolidating today, ahead of tomorrow's employment report. Some position adjusting ahead of the conclusion of the BOJ's meeting is lifting the yen today.
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Powell Sends 2-Year Yield Above 5% And Ignites Powerful Dollar Rally
Powell's comments were seen as hawkish by the market, and the greenback rallied following the comments. Asian and European stocks were mostly lower. US futures are flat to slightly firmer.
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U.S. Dollar Is Better Bid Ahead Of Powell, While Aussie Sells Off On Dovish Hike By The RBA
USD is trading with a firmer bias against nearly all G10 currencies ahead of Powell's testimony. Europe's STOXX 600 is recouping yesterday's minor loss, and US futures have a firmer bias.
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Yields Pull Back To Start The New Week
The modest economic goals announced as China's National People's Congress starts seemed to weigh on Chinese stocks. US index futures are slightly softer and USD is mostly firmer.
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Tumbling Tokyo Prices Gives Ueda Breathing Space
Europe's STOXX 600 is up 0.7%. Japanese and Indian equities led regional equity markets higher. US equity futures enjoy a firmer bias. USD is trading heavily against all the G10 currencies.
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