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Brent and oil prices fell early in European trading after the Fed’s first rate increase in three years, with eased concerns about Middle East supplies after expectations Saudi Arabia could restore some disrupted export capacity.
The Indonesian rupiah slipped toward IDR 17,750 per U.S. dollar Thursday, extending its losing streak to six sessions as the dollar index climbed to a seven-week high after the U.S. Fed raised rates for the first time in three years and signaled the possibility of further tightening this year to curb sticky inflation.
A sharp reversal in crude oil handed U.S. equities a reprieve on Wednesday, with stocks grinding higher off six-week lows just hours before the Federal Reserve is expected to raise interest rates for the first time since 2023. The S&P 500 added 0.4% to 7,615.70, while the Dow Jones Industrial Average was effectively fl
U.S. stocks fell Tuesday as crude oil extended higher, pushing the 10-year Treasury yield above 4.8% and reviving bets the Federal Reserve could raise rates next week. The Dow led declines, while Amgen was the biggest drag.