By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar crashed to its lowest in more than a year on Wednesday after data showed the rise in U.S. consumer prices moderated in June, suggestin[...]
Read more
Australia
Australia central bank chief has ‘open mind’ about future tightening
By Stella Qiu SYDNEY (Reuters) -Australia’s top central banker said on Wednesday he is confident higher interest rates are working to cool inflation but it is possible they will have to rise fur[...]
Read more
No Australia ‘mortgage cliff’ in sight after rate hikes, say top banks
By Byron Kaye SYDNEY (Reuters) -Two top Australian banks said the number of home loan customers missing repayments remained below pre-COVID levels as a spike in living costs slows their discretionary[...]
Read more
NZ central bank hits pause at 5.5%, economists see easing in 2024
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank held the cash rate steady at 5.5% on Wednesday, hitting pause as expected and flagging rates would be on hold for some tim[...]
Read more
Dollar dives to two-month low, pound scales 15-month peaks on wage growth data
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar declined to a two-month low against a major currency index on Tuesday after Federal Reserve officials signaled that the U.S. central b[...]
Read more
Stocks rise, dollar dips ahead of US inflation data
By Lawrence Delevingne and Amanda Cooper (Reuters) -Global shares rose and the dollar pulled back on Tuesday, a day ahead of U.S. inflation data that could warrant a quicker end to Federal Reserve rat[...]
Read more
Wall Street muted as traders eye inflation data
By Lawrence Delevingne and Nell Mackenzie (Reuters) -Wall Street stocks rose slightly on Monday, while oil prices and the dollar dipped, as investors digested Chinese economic data and looked ahead to[...]
Read more
US dollar drops to three-week low as Fed rate hikes nearly done
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar sank to a three-week low on Monday after comments by Federal Reserve officials reinforced market expectations that the U.S. central ba[...]
Read more
Analysis-Ground down: Australia coffee shops an early inflation casualty
By Byron Kaye and Lewis Jackson SYDNEY (Reuters) – The cost of serving up a sandwich with a cup of coffee has hit the roof across Australia’s vaunted cafes, squeezing profits and forcing a[...]
Read more