Mexico's peso pared gains on Thursday
after the central bank announced an interest rate hike that met
expectations, while other Latin American currencies and emerging
market shares firmed on ...
The Canadian dollar climbed to
its highest level in more than two months against a broadly
weaker U.S. counterpart on Thursday as oil prices rose and
investors grew more optimistic about the global ...
By John McCrank. The dollar extended its losses against other major currencies on Thursday, a day after a report showed U.S. inflation was not as hot as anticipated in July, prompting traders to dial back expectations for rate hikes by the Federal Reserve going forward.
The Canadian dollar climbed to
its highest level in more than two months against a broadly
weaker U.S. counterpart on Thursday as oil prices rose and
investors weighed further evidence of cooling ...
Most Latin American currencies joined a
broader tick up in emerging market shares as optimism from
softer growth in U.S. inflation continued, with focus turning to
a slew of central bank decisions ...
Sterling fell against the euro on Thursday a day ahead of gross domestic product figures which are expected to show further signs of a weakening British economy. The pound is one of the worst performers out of the G10 currencies this year, having fallen almost 10% against the U.S. dollar in 2022.
Central European currencies
weakened against the euro on Thursday as support from the
resumption of Russian oil pipeline flows and bets of less
aggressive interest rate hikes by the Federal Reserve ...
The dollar lost further ground versus other major currencies on Thursday, after traders reined in bets on an aggressive interest rate hike by the Federal Reserve after softer-than-expected U.S. inflation data the previous day.
Emerging market stocks hit six-week highs on Thursday after softer-than-expected U.S. inflation growth saw markets scale back bets about the Federal Reserve's aggressive pace of tightening. Currencies of the developing world also found some support, with an MSCI index extending gains to a third straight session.
Global shares edged higher on Thursday as investors bet on the pace of interest rate hikes slowing after data pointed to inflation peaking, leaving the dollar struggling after its biggest fall in five months. Oil prices languished below $100 a barrel in search of direction, while better-than-expected earnings from Zurich lifted the insurer's shares.
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