Forex Nyheter
Dollar Recovers After A Setback Post Fed Rate Cut Announcement
The U.S. dollar fell to a 14-month low on Wednesday, losing ground against its major counterparts after the Federal Reserve cut interest rates for the first time in over four years, aggressively slashing rates by 50 basis points. However, the currency rebounded swiftly, paring most of its losses, as the day progressed.
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Federal Reserve Slashes Rates By 50 Basis Points, Forecasts Continued Rate Cuts
The Federal Reserve on Wednesday announced its widely expected decision to lower interest rates for the first time in over four years, aggressively slashing rates by half a percentage point. With the Fed saying officials have gained greater confidence inflation is moving sustainably toward its 2 percent target, the central bank lowered the target range for the federal funds rate by 50 basis points.
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Swiss Market Ends Moderately Lower
After a flat start and a subsequent marginal uptick Wednesday morning, the Switzerland market slipped and languished in negative territory right through the day's session as investors awaited the Federal Reserve's monetary policy announcement.
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European Stocks Close Lower Ahead Of Fed Policy Announcement
European stocks closed lower on Wednesday as investors made cautious moves, digesting the latest batch of economic data and looking ahead to the Federal Reserve's interest rate move due later in the day.
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Canadian Market Modestly Lower In Cautious Trade Ahead Of Fed Move
The Canadian market is down in negative territory a little past noon on Wednesday with investors largely treading cautiously ahead of the Federal Reserve's monetary policy announcement later in the day. Energy and materials stocks are among the notable losers.
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Google Wins Court Bid Against EU's EUR 1.5 Bln Atitrust Fine Over AdSense
Google, owned by Alphabet Inc., won a legal fight with the European Union over a 1.5 billion euros or $1.7 billion antitrust fine over online ads search. The General Court, the second-highest EU court, has ruled to annul the fine imposed by the European Commission against the search engine for allegedly abusing market dominance in relation to a product called AdSense for Search.
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U.S. Housing Starts, Building Permits Rebound More Than Expected In August
A report released by the Commerce Department on Wednesday showed a substantial rebound by new residential construction in the U.S. in the month of August. The Commerce Department said housing starts spiked by 9.6 percent to an annual rate of 1.356 million in August after plunging by 3.9 percent to a revised rate of 1.237 million in July.
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more news
U.S. Housing Starts Spike Much More Than Expected In August
A report released by the Commerce Department on Wednesday showed a substantial rebound by new residential construction in the U.S. in the month of August.
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Indonesian Rupiah Recovers To More Than 1-year High Against U.S. Dollar
The Indonesian rupiah strengthened against the U.S. dollar in the European session on Wednesday.
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Bay Street Seen Opening On Subdued Note; Fed Policy In Focus
CCanadian stocks are likely to open on a subdued note Wednesday. The focus will be on the Federal Reserve's monetary policy announcement, due later in the day. The Fed is widely expected to lower interest rates, but it is the size of reduction and the accompanying statement, which are in focus.
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Sensex, Nifty Give Up Early Gains Before Fed Decision
Indian shares gave up early gains to end modestly lower on Wednesday as investors waited for the U.S. Federal Reserve's first cut to interest rates in more than four years.
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Indonesia Cuts Key Interest Rates Unexpectedly
Indonesia's central bank lowered its key interest rates unexpectedly on Wednesday to spur economic growth as inflation remains well within the target range amid strengthening rupiah exchange rate. The Board of Governors of Bank Indonesia, headed by Perry Warjiyo decided to cut the seven-day reverse repo rate by 25 basis points to 6.00 percent.
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European Shares Slip Ahead Of Fed Rate Decision
European stocks fell from a two-week high on Wednesday as investors reacted to the latest euro zone and U.K. inflation data.
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115 dagar sedan
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