Oil prices climbed on Thursday, with the Brent benchmark rising above $85 a barrel, driven by hopes of interest rate cuts in the United States. The surge followed data revealing a slowdown in US inflation, …
Continue readingTag: Federal Reserve
Japanese Yen Surges as Weak US Inflation Punishes Dollar
The Japanese yen soared on Thursday, experiencing its largest single-day gain since late 2022. Traders attributed the surge primarily to dollar selling triggered by a weak US inflation report. The report fueled expectations of an …
Continue readingFed Chair Powell Hints at Rate Cut: “More Good Data” Needed for Easing Monetary Policy
Fed Chair Jerome Powell signaled a potential shift in monetary policy on Tuesday, suggesting that “more good data” would strengthen the case for interest rate cuts. While inflation remains above the Fed’s 2% target, recent …
Continue readingSouth African Rand Strengthens as Dollar Weakens on Rate Cut Hopes
The South African Rand continued its upward trend against the US dollar on Friday, fueled by expectations of interest rate cuts by the Federal Reserve later this year. The Rand traded at 18.2250 against the …
Continue readingGlobal Stocks Surge on Strong US Jobs Data, UK Labour Wins Landslide Victory
Global stocks climbed on Friday, with US Treasury yields dipping after a strong jobs report boosted expectations of a Federal Reserve interest-rate cut. The S&P 500 and Nasdaq hit fresh closing highs, led by communication …
Continue reading