Forex News
Singapore Industrial Production Data Due On Monday
Singapore will on Monday release July figures for industrial production, highlighting a light day for Asia-Pacific economic data.
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125 days ago
U.S. Dollar Index Slumps To Lowest Levels In Over A Year
The value of the U.S. dollar saw a notable rebound during Thursday's trading but has pulled back sharply during trading on Friday.
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127 days ago
BoE Governor Bailey 'Cautiously Optimistic' Inflation Pressures Easing
Inflationary pressures in the U.K. are easing, but it is too early to declare a victory, Bank of England Governor Andrew Bailey said Friday. "Recent experience leads me to be cautiously optimistic that inflation expectations are better anchored as a result of the regimes we have in place," Bailey said in his speech at the Federal Reserve's Jackson Hole Symposium in Wyoming.
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127 days ago
U.S. Dollar Declines As Powell Indicates Imminent Rate Cut
The U.S. dollar lost ground against its major counterparts in the New York session on Friday, as Chair Jerome Powell's speech reinforced expectations that the Federal Reserve will start cutting rates at the upcoming meeting in September.
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127 days ago
U.S. New Home Sales Spike To Highest Level In Over A Year In July
A report released by the Commerce Department on Friday showed a substantial increase by new home sales in the U.S. in the month of July. The Commerce Department said new home sales spiked by 10.6 percent to an annual rate of 739,000 in July after rising by 0.3 percent to an upwardly revised rate of 668,000 in June.
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128 days ago
Powell Hints At Near-Term Interest Rate Cut: 'The Time Has Come For Policy To Adjust'
In a highly anticipated speech at the Jackson Hole Economic Symposium in Wyoming on Friday, Federal Reserve Chair Jerome Powell seemingly confirmed expectations that the central bank is prepared to begin lowering interest rates. "The time has come for policy to adjust," Powell said.
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128 days ago
Nestle CEO Mark Schneider Resigns; Names Laurent Freixe CEO
Swiss food and beverage giant Nestle SA, which is struggling with weak financial performance, announced the resignation of Chief Executive Officer Mark Schneider, and the appointment of Laurent Freixe as the successor, effective September 1. Schneider has decided to relinquish his roles as CEO and member of the Board of Directors after more than 8 years with the company.
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128 days ago
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Pound Rises As Traders Await Fed Powell, BoE Bailey Speeches
The British pound strengthened against other major currencies in the European session on Friday, as trader's braced for Fed Chair Jerome Powell's Jackson Hole speech later in the day for confirmation U.S. rate cuts would start in September. The Bank of England governor Andrew Bailey is also scheduled to speak at the symposium.
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128 days ago
Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Friday.
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128 days ago
Sensex, Nifty End Little Changed Ahead Of Fed Chair's Speech
Indian shares fluctuated before finishing on a flat note Friday as investors awaited Federal Reserve Chair Jerome Powell's eagerly anticipated Jackson Hole speech later in the day that could offer fresh insights on the central bank's interest rate cuts plans this year.
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128 days ago
European Shares Extend Gains For Third Day
European stocks traded higher for a third straight session on Friday as investors braced for Fed Chair Jerome Powell's Jackson Hole speech later in the day for confirmation U.S. rate cuts would start in September.
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128 days ago
UK Consumer Confidence Remains Unchanged Near 3-Year High: GfK
British consumer confidence remained unchanged near a three-year high in August on improving personal finance conditions, survey results from the market research group GfK showed Friday. The consumer confidence index held steady at -13 in August. The reading was the highest since September 2021. The score was forecast to improve to -12.
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128 days ago
FTSE 100 Edges Higher As Investors Await Cues On Rate Cuts
U.K. stocks advanced on Friday as higher oil prices lifted energy stocks and investors braced for Fed Chair Jerome Powell's Jackson Hole speech later in the day.
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128 days ago
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