Yuan nears three-and-a-half-year high as Fed hike bets fade
China’s yuan traded near a three-and-a-half-year high against the US dollar on Friday and headed for a seventh straight weekly gain. The spot yuan rose 0.01% to 6.7443 per dollar by 0258…
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Asian markets rally, crude up as Fed rate hike bets ease
Asian markets opened higher on Monday, with US stocks closing in the green last week, as expectations of a Federal Reserve rate hike in September diminished following the latest nonfarm payrolls data.…
Warsh’s Fed Silence Could Deepen Market Turmoil
Federal Reserve chair Kevin Warsh’s guarded comments after the July 29 rate-setting meeting unsettled markets, despite the central bank leaving interest rates unchanged. The 10-year Treasury yield ended the week above 4.7%,…
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