NEW YORK (Reuters) - The U.S. dollar index bounced back on Friday from recent declines following comments from Federal Reserve officials on interest rates that supported the currency, while the dollar was at a fresh six-year high against the yen and the euro eased.
Fed officials hiked interest rates this week for the first time in three years and signaled that more rate increases are coming
Benchmark indices zoomed 2% yesterday after the US Fed hiked rates for the first time in three years. However, analysts don't see the RBI moving the needle on rate hikes just yet
The US dollar fell on Thursday and hit its lowest in a week as investors digested the Federal Reserve's monetary policy outlook
Experts also said the sharp bounce in China's market is favourable for global equities
The dollar index, which measures the greenback's strength against six trading currencies, was down 0.5% at 97.997 and hit its lowest in a week
21 people have been killed by Russian artillery that destroyed a school and a community center in Merefa, near the northeast city of Kharkiv, officials said.
Analysts have also said investors in safe-haven gold will continue to closely track political and economic risks posed by Russia's invasion of Ukraine, which has entered its fourth week
Not all of the Fed's efforts to tighten monetary policy have worked the same way.
The Federal Reserve on Wednesday raised interest rates for the first time since 2018 and laid out an aggressive plan to push borrowing costs to restrictive levels next year
US central bank sees more rate hikes in 2022 and 2023, says there is need to limit inflation hit for families.
A stronger euro overshadowed the dollar index that has gained during the war in Ukraine.
LONDON (Reuters) - Prospects of peace talks between Russia and Ukraine, Chinese stimulus and an imminent U.S. interest rate rise lifted stocks and U.S. Treasury yields on Wednesday.
(Reuters) - Gold steadied on Wednesday, with a weaker dollar offsetting pressure from higher U.S. Treasury yields as investors await the first pandemic-era U.S. Federal Reserve interest rate hike.
Bullion has eased after rallying to within $5 of a record last week as Russia's invasion of Ukraine caused commodities to surge, threatening a combination of low growth and high inflation
The US Federal Reserve is widely expected to start raising interest rates from near zero this week amid skyrocketing inflation, which has been rising to the highest level in 4 decades, economists said
Selling accelerated after Russia attacked Ukraine in February and caused a spike in global commodity prices
Energy shares slip as Brent falls below $110; all eyes on Fed policy meeting
Analysts attributed the revival of risk appetite to the fact that Russian and Ukrainian negotiators hinted at progress in peace talks
Stabilising crude oil prices and BJP's impressive show in state polls boosted the morale on the streets. This week investors will track the two-day Fed meeting against the backdrop of US inflation