Stock markets steadied while the dollar recovered some ground on Tuesday after unease over how the U. S. policy slate will develop under Donald Trump’s presidency drove the currency to its weakest since early December. Traders in Asia said shares were helped by hopes that the concerns about a stronger dollar expressed by the U.S. … Read more
The dollar edged higher on Monday, boosted by robust U. S. wage growth data strengthening the case for more Federal Reserve interest rate increases, while Britain’s pound fell on Prime Minister Theresa May’s hint at no membership of the EU’s single market. Britain’s blue-chip FTSE 100 index .FTSE nonetheless hit a record high as the … Read more
Asian stocks cut early gains as investor caution grew before a news conference by President-elect Donald Trump on Wednesday, where his views on global trade and China will be carefully scrutinized for future policy implications. The dollar stood tall against rivals on Monday after the latest U. S. payrolls data indicated strong underlying wage growth, … Read more