Wall Street's main indices opened with modest gains, but then dipped lower US stocks slid Thursday as investors digested comments from Fed Chair Jerome Powell, while concerns over Donald Trump's presidency clouded optimism. Bitcoin dropped below the $90,000 level after hitting a record of $93,462 on Wednesday. Observers are expecting it to soon top $100,000

Trading and Investment News

15.11.2024

Dollar at one-year high on higher yields

The U.S. dollar index gained 0.2% to 106.69, its highest since early November 2023 The U.S. dollar stood at a one-year high against major peers on Thursday and headed for a fifth consecutive daily gain fuelled by higher yields and Donald Trump's election victory. The dollar jumped above 156 yen for the first time since

Trading and Investment News

15.11.2024

Dollar hovers near one-year high

MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2% but was still 4.3% lower for the week, the biggest weekly loss in over two years The U.S. dollar was poised for big weekly gains on Friday, hovering near one-year highs as a hawkish turn from the Fed chief sent short-term Treasury yields higher, leaving

Trading and Investment News

15.11.2024

Gold extends losses on strong dollar, higher bond yields

Spot gold was 0.7% lower at $2,580.39 per ounce after reaching a near two-month low earlier in the session Gold prices extended losses for the fourth consecutive session on Wednesday, weighed down by a stronger U.S. dollar and higher bond yields on news that October consumer prices rose as expected. The U.S. Labor Department also

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US stocks drop after Powell’s comments

Dollar at one-year high on higher yields

Dollar hovers near one-year high

Gold extends losses on strong dollar, higher bond yields

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