Dollar Rises Amid Federal Reserve Rate Decision
The dollar rose amid the Federal Reserve’s interest-rate decision. No magnitude or further details were provided.
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The dollar rose amid the Federal Reserve’s interest-rate decision. No magnitude or further details were provided.
Bitcoin dropped 3% to $83,098 as traders cited record-high Treasury yields and a stronger U.S. dollar. Ethereum, XRP and solana also fell in the same market move.
Stocks fell, Brent crude rose as much as 3% to $107.16 a barrel and 30-year Treasury yields climbed to 5.517%, near the highest since 2004. The dollar firmed, gold fell 3% and the yen strengthened after Japan's top currency diplomat warned against excessive falls.
HIGHLIGHTS * Gov Barr (permanent FOMC voter)'s speech Tuesday is primarily on the longer-term outlook for the housing sector, but importantly he notes that his "base case" is for "further policy adjustments" (plural) * Iranian security chief Rezaii via Irib: "Iran has not been in a hurry to negotiate; today, Iran's con
(The opinions expressed here are those of the author.) By Anna Szymanski Sept 18 (Reuters) — Warnings of machine-driven human extinction kicked off the week, but the market's attention quickly turned to more prosaic matters, namely Middle East energy disruption and the first Federal Reserve rate hike in three years. Am
Silver climbed to around $66.5 an ounce on Wednesday, ending a two-session decline. The move followed dollar weakness tied to yen appreciation and cautious positioning ahead of major central bank decisions and US inflation data.
Gold climbed to around $4,400 an ounce on Wednesday, ending a two-session decline. The move followed a weakening dollar, tied to yen strength, cautious positioning ahead of central-bank decisions, and upcoming US inflation data.