Tag: Federal Reserve
The US dollar rises as currency traders weigh the outlook for interest rates
NEW YORK, March 8 (Xinhua) — The U.S. dollar edged higher in late trading on Wednesday as market participants gauged the Federal Reserve’s rate hike course. The dollar index, which measures the greenback against six major peers, rose 0.06 percent to 105.6598 in late trade. In late New York trading, the euro was down to […]
The US dollar soars amid the Fed’s aggressive rate hike stance
NEW YORK, March 7 (Xinhua) — The U.S. dollar rose sharply on Tuesday, supported by expectations of more rate hikes from the Federal Reserve. The dollar index, which measures the greenback against six major peers, rose 1.2 percent to 105.5995. In late New York trading, the euro was down to US$1.0552 from US$1.0675 in the […]
The US dollar rises as the euro falls
NEW YORK, Feb. 28 (Xinhua) — The U.S. dollar rose in late trade on Tuesday amid weakness in the euro. The dollar index, which measures the greenback against six major peers, rose 0.18 percent to 104.8709. In late New York trading, the euro fell to US$1.0582 from US$1.0607 in the previous session, and the British […]
The US dollar jumps after hot inflation data
NEW YORK, Feb. 24 (Xinhua) — The U.S. dollar rose sharply in late trade on Friday as the Federal Reserve’s preferred inflation gauge turned warmer than expected. The dollar index, which measures the greenback against six major peers, rose 0.6 percent to 105.2157. In late New York trading, the euro fell to US$1.0551 from US$1.0596 […]
US dollar rises after Fed minutes
NEW YORK, Feb. 22 (Xinhua) — The U.S. dollar climbed in late trade on Wednesday as market participants analyzed the Federal Reserve’s latest meeting minutes. The dollar index, which measures the greenback against six major peers, rose 0.39 percent to 104.5801. In late New York trading, the euro fell to US$1.0601 from US$1.0649 in the […]
US dollar falls after inflation data
NEW YORK, Feb. 14 (Xinhua) — The U.S. dollar fell in late trade on Tuesday after data showed U.S. inflation for January turned out warmer than expected. The dollar index, which measures the greenback against six major peers, was down 0.12 percent at 103.2355 in late trade. In late New York trading, the euro was […]
The US dollar rises as traders assess Fed policy
NEW YORK, Feb. 8 (Xinhua) — The U.S. dollar edged higher in late trade on Wednesday as market participants gauged the Federal Reserve’s future policy stance. The dollar index, which measures the greenback against six major peers, rose 0.005 percent to 103.4170. In late New York trading, the euro was up at US$1.0723 from US$1.0721 […]
US dollar falls after Fed decision
NEW YORK, Dec. 14 (Xinhua) — The U.S. dollar weakened in late trading on Wednesday as market participants digested the Federal Reserve’s latest interest rate decision. The Fed raised interest rates by 50 basis points on Wednesday, after announcing four straight 75 basis point hikes at its recent meetings, in an effort to curb inflation. […]
Right now: How you are affected by the Fed’s hike
The US central bank, the Federal Reserve, Fed, raises the key interest rate by 0.5 percentage points. That message was given by Fed chief Jerome Powell on Wednesday evening. After four straight increases of 0.75 percentage points in the US, many analysts predicted a slightly lower increase this time, including after the US showed an […]
US dollar falls after cooler-than-expected inflation report
NEW YORK, Dec. 13 (Xinhua) — The U.S. dollar weakened significantly in late trading Tuesday after data showed U.S. consumer inflation rose less than expected in November. The U.S. consumer price index (CPI) rose 0.1 percent last month, below the 0.3 percent consensus, for a 7.1 percent increase from a year earlier, the Labor Department […]
US dollar rises ahead of CPI data, Fed meeting
NEW YORK, Dec. 12 (Xinhua) — The U.S. dollar strengthened in late trade Monday as market participants awaited a key U.S. inflation report and the Federal Reserve’s monetary policy meeting. The US consumer price index (CPI) for November is released on Tuesday. The Fed is expected to deliver another rate hike when it wraps up […]
The US dollar slips amid economic data
NEW YORK, Dec. 8 (Xinhua) — The U.S. dollar weakened in late trade Thursday as market participants digested a flurry of economic data. The dollar index, which measures the greenback against six major peers, fell 0.31 percent to 104.7760. In late New York trading, the euro rose to US$1.0561 from US$1.0515 in the previous session, […]
The US dollar falls during the recession
NEW YORK, Dec. 7 (Xinhua) — The U.S. dollar weakened in late trade on Wednesday, driven by concerns that the Federal Reserve’s policy tightening could push the economy into recession. The dollar index, which measures the dollar against six major peers, fell 0.45 percent to 105.1000. In late New York trading, the euro rose to […]
The US dollar rises amid expectations of higher interest rates
NEW YORK, Dec. 6 (Xinhua) — The U.S. dollar appreciated in late trade on Tuesday as traders bet on further rate hikes by the Federal Reserve. The dollar index, which measures the dollar against six major peers, rose 0.27 percent to 105.5760, after a 0.71 percent jump in the previous session. The rally came as […]
The US dollar is climbing amid expectations of further Fed policy tightening
NEW YORK, Dec. 5 (Xinhua) — The U.S. dollar strengthened in late trade Monday as positive U.S. economic data raised expectations that the Federal Reserve could continue its aggressive tightening. The Institute for Supply Management reported on Monday that the US services PMI (Purchasing Managers’ Index) registered 56.5 percent in November, up from October’s reading […]
US dollar strengthens amid Fed comments
NEW YORK, Nov. 28 (Xinhua) — The U.S. dollar rose in late trading Monday as market participants digested comments from Federal Reserve officials. The dollar index, which measures the greenback against six major peers, rose 0.68 percent to 106.6810. In late New York trading, the euro fell to US$1.0342 from US$1.0414 in the previous session, […]
The US dollar rises as traders await the Fed chairman’s speech
NEW YORK, Nov. 29 (Xinhua) — The U.S. dollar climbed in late trading Tuesday as market participants assessed the Federal Reserve’s monetary policy path. The dollar index, which measures the greenback against six major peers, rose 0.13 percent to 106.8220. In late New York trading, the euro was down to US$1.0331 from US$1.0342 in the […]
The US dollar slips after Powell’s speech
NEW YORK, Nov. 30 (Xinhua) — The U.S. dollar fell in late trade on Wednesday after Federal Reserve Chairman Jerome Powell indicated smaller rate hikes ahead. Powell, speaking at the Brookings Institution on Wednesday, signaled that the U.S. central bank could slow the pace of rate hikes as soon as the December meeting, while stressing […]
The US dollar falls as inflation moderates
NEW YORK, Dec. 1 (Xinhua) — The U.S. dollar fell in late trade Thursday as the Federal Reserve’s preferred inflation gauge eased in October. The U.S. Commerce Department reported Thursday that the U.S. personal consumption expenditures (PCE) price index rose 0.3 percent in October, up 6 percent from a year earlier. That’s down from the […]
US dollar retreats after previous session’s rise
NEW YORK, Nov. 22 (Xinhua) — The U.S. dollar weakened in late trade on Tuesday, giving up some of the strong gains from the previous session, amid an improvement in risk appetite. The dollar index, which measures the greenback against six major peers, fell 0.57 percent to 107.2230, after a 0.85 percent jump the previous […]
The US dollar rises as traders assess Fed policy
NEW YORK, Nov. 18 (Xinhua) — The U.S. dollar rose in late trade on Friday as market participants bet on more rate hikes from the Federal Reserve. The dollar index, which measures the greenback against six major peers, rose 0.22 percent to 106.9300. In late New York trading, the euro was down at US$1.0331 from […]
US dollar strengthens as traders bet on hawkish Fed
NEW YORK, Nov. 17 (Xinhua) — The U.S. dollar appreciated in late trade Thursday as market participants digested the latest comments from Federal Reserve officials. The dollar index, which measures the greenback against six major peers, rose 0.39 percent to 106.6930. In late New York trading, the euro fell to US$1.0368 from US$1.0394 in the […]
US dollar falls amid PPI data
NEW YORK, Nov. 15 (Xinhua) — The U.S. dollar weakened in late trade on Tuesday as market participants digested the recently released U.S. producer price index (PPI) report for October. The dollar index, which measures the greenback against six major peers, fell 0.24 percent to 106.4070. In late New York trading, the euro was up […]
The US dollar is recovering from last week’s sharp fall
NEW YORK, Nov. 14 (Xinhua) — The U.S. dollar strengthened in late trade on Monday, recouping some of the previous week’s losses. The dollar index, which measures the greenback against six major peers, rose 0.34 percent to 106.6590. In late New York trading, the euro was down to US$1.0354 from $1.0366 in the previous session, […]
The rupee depreciates 48p to close at 81.26 against the dollar
Mumbai (Maharashtra) [India]November 14 (ANI): The Indian rupee rallied in the early session on Monday, depreciating 48 paise to close at 81.26 against the US dollar, bucking the flat trend in Indian markets. Forex traders said the sharp fall in the rupee after a promising start on Monday was due to a large part of […]
The US dollar falls as risk appetite improves
NEW YORK, Nov. 11 (Xinhua) — The U.S. dollar fell sharply in late trade on Friday, as signs of improvement in U.S. inflation increased investors’ appetite for risk assets. The dollar index, which measures the greenback against six major peers, fell 1.76 percent to 106.2950, ​​following a 2.12 percent decline in the previous session. In […]
The US dollar plunges on weaker-than-expected inflation data
NEW YORK, Nov. 10 (Xinhua) — The U.S. dollar fell sharply in late trade Thursday after data showed signs of improvement in inflation in the U.S. consumer price index (CPI) in October. The dollar index, which measures the dollar against six major peers, lost 2.12 percent to 108.2040. In late New York trading, the euro […]
US dollar falls ahead of key inflation report
NEW YORK, Nov. 8 (Xinhua) — The U.S. dollar weakened in late trade on Tuesday as market participants awaited a key U.S. inflation report. The dollar index, which measures the greenback against six major peers, fell 0.44 percent to 109.6390. In late New York trading, the euro was up at US$1.0077 from US$1.0028 in the […]
The US dollar soars after the hawkish Fed stance
NEW YORK, Nov. 3 (Xinhua) — The U.S. dollar rose in late trade on Thursday, after the Federal Reserve approved another big interest rate hike and signaled more hikes to come. The dollar index, which measures the dollar against six major peers, rose 1.4 percent to 112.9260. In late New York trading, the euro fell […]
The US dollar falls after the Fed approves another jumbo interest rate hike
NEW YORK, Nov. 2 (Xinhua) — The U.S. dollar weakened in late trading on Wednesday as market participants digested the Federal Reserve’s latest interest rate announcement. The dollar index, which measures the greenback against six major peers, fell 0.1 percent to 111.3650. In late New York trading, the euro was unchanged from the previous session […]
Right now: That’s why the US central bank triples the key interest rate
For the fourth time this year, the US central bank, the Federal Reserve, Fed, triples the key interest rate by 75 basis points. Fed chief Jerome Powell holds a press conference on how the central bank reasoned. Ekot broadcasts directly. Hear Elisabet Kopelman, economist and US analyst at the bank SEB.
US dollar falls as Fed decision awaited
NEW YORK, Nov. 1 (Xinhua) — The U.S. dollar edged lower in late trading on Tuesday as market participants await a key decision from the Federal Reserve. The dollar index, which measures the dollar against six major peers, fell 0.04 percent to 111.4800. In late New York trading, the euro was up at US$0.9888 from […]
The US dollar rises ahead of the Fed meeting
NEW YORK, Oct. 31 (Xinhua) — The U.S. dollar rose in late trade Monday as market participants awaited a key meeting with the Federal Reserve. The dollar index, which measures the greenback against six major peers, climbed 0.7 percent to 111.5280. In late New York trading, the euro fell to US$0.9887 from US$0.9958 in the […]
US Dollar Falls as Traders Weigh Fed Pivot
NEW YORK, Oct. 26 (Xinhua) — The U.S. dollar fell in late trade on Wednesday as recent soft U.S. economic data fueled speculation that the Federal Reserve may be less aggressive in raising interest rates. The dollar index, which measures the dollar against six major peers, fell 1.13 percent to 109.7010. In late New York […]
Three American economists win the 2022 Nobel Prize in Economics
The Royal Academy of Sciences announced on Monday that three US-based economists won the 2022 Nobel Memorial Prize in Economic Sciences “for research on banks and financial crises.” The winners are Ben Bernanke, former head of the US Federal Reserve and currently at the Brookings Institution in Washington DC; Douglas Diamond at the University of […]
The euro weakens to parity with the dollar
The euro weakened to the level of the dollar on Tuesday for the first time since the introduction of the currency in 2002. Finland was one of the first members of the Eurozone – an informal term for countries that belong to the European Economic and Monetary Union (EMU) and use the euro as their […]
Business Round-Up: Lego comes back on top as the most valuable brand
With 38.7 billion kroner, Lego is now the most valuable Danish brand, according to Brand Finance. Up 13 percent from 2022, the iconic toy company has surpassed the shipping company Maersk, which is currently valued at DKK 31.1 billion. The 10 most valuable Danish brands in 2022 Each year, Brand Finance puts 5,000 of the […]
Xinhua World News Summary at 1530 GMT, May 27
ISTANBUL – Turkey expects Sweden and Finland to take concrete steps and stop supporting terrorist organizations in exchange for Ankara raising objections to the two countries’ NATO membership, Turkish Foreign Minister Mevlut Cavusoglu said on Friday. “Both countries must take concrete steps. Our expectations are not impossible. They must stop supporting terrorism if they want […]
The US Federal Reserve raises interest rates – the first “double increase” in 20 years
The US Federal Reserve, the Fed, raises interest rates by 0.5 percentage points, which is the first “double increase” in over 20 years. In March, US inflation rose to 6.6 percent, the highest level since January 1982 The US announcement will also affect the Swedish economy, as it dampens demand for the entire global economy, […]
Rehn: Monetary policy is ineffective against energy-induced inflation
He estimates that Europe is currently trying to avoid repeating the mistakes it made after the last financial crisis. The ECB was then reacting to rising energy prices by raising its interest rates, unlike the US Federal Reserve. “It simply came to our notice then. And it also affected the duration of the debt crisis, […]
Afghanistan could reach 97 percent of poverty by mid-2022
February 8, 2022, UNICEF (United Nations Children’s Fund) Afghanistan sent out a gloomy set of tweets. One of the tweeters, which included a photograph of a child lying in a hospital bed with his mother sitting next to him, sa: “After recently recovering from acute watery diarrhea, two-year-old Soria is back in the hospital, this […]
The US dollar is rising against the strongest CPI growth since 1982
NEW YORK, FEBRUARY 10 (Xinhua) – The US dollar rose in late trading on Thursday due to higher-than-expected inflation. The dollar index, which measures the dollar against six major comparable competitors, rose 0.06 percent to 95.5530 in late trading. The US Consumer Price Index (CPI) for January 2022 showed 7.5 percent of growth on an […]
The Swedish stock market is collapsing under global uncertainty
STOCKHOLM, January 24 (Xinhua) – Nasdaq Stockholm AB, formerly known as the Stockholm Stock Exchange, collapsed on Monday with the OMX Stockholm 30 (OMXS30) index down more than five percent sometimes and eventually closed at minus 3.9 percent. It was the largest decline since the early days of the pandemic. The OMX Stockholm All-Share (OMXSPI) […]
Taliban, Afghan civil society leaders meet in Norway
ISLAMABAD – Taliban delegates, led by Deputy Foreign Minister Amir Khan Muttaqi, and representatives of Afghan civil society, held day-long discussions, focusing on the deepening humanitarian crisis in Afghanistan, on Sunday in Oslo. The participants “listened patiently to each other’s opinions” and exchanged views on the current situation in the country, said a brief Taliban […]
The Bank of Finland downgraded the economic outlook due to Covid
The Bank of Finland has revised its economic forecast for 2021-2024 and estimates that growth will slow in the coming years. According to the central bank, Finland’s gross domestic product will be 3.5 per cent this year, before falling to 2.6 per cent next year and 1.5 and 1.3 per cent over the next two […]
Nordea raises Finland’s growth forecast for this year to 3.5 per cent
The exceptionally rapid recovery from the weak situation has led to a situation where the main obstacles to growth are no longer muted demand or the constraints imposed by the coronavirus pandemic, but the availability of resources. For example, the labor market has shifted rapidly from large-scale layoffs to labor shortages, while manufacturing bottlenecks have […]
Important message to the public in Björklinge, Skuttunge, Läby in Uppsala municipality, Uppsala county.
In the US, the Federal Reserve raises the forecast for economic growth. At the same time, the policy rate will remain unchanged for at least two years to come. US stock markets reacted positively after the announcement.
Important message to the public in Björklinge, Skuttunge, Läby in Uppsala municipality, Uppsala county.
The US Federal Reserve is not expected to touch on the key interest rate, but the market is hoping to know when the next rate hike can take place in the future. Major stimulus packages and vaccination programs have pushed up growth forecasts, inflation expectations and long-term interest rates, and the question is how the […]
Old banker with tarnished reputation
He was the Governor of the US Federal Reserve until 2006, and his many years as Governor – from 1987 to 2006 – created the breeding ground for the financial crisis, according to the analysis. Alan Greenspan, who turns 95 on March 6, is long gone from the decision-making process and the polished floors. Before […]
Today’s quote from Xinhua World News, February 17
STOCKHOLM – On Wednesday, the Swedish government presented a bill that would enable new measures to combat a new wave of the spread of COVID-19, including a partial lock-in. “The declining trend in the spread of infection has ceased. It is worrying and there is a significant risk of a third wave,” said Swedish Minister […]
