National Australia Bank

Dollar set to snap 5-week losing streak as Fed cut bets pared

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Dollar set to snap 5-week losing streak as Fed cut bets pared

The dollar traded near a one-week high versus major peers on Friday, on track to snap a five-week losing run, after robust economic data pared bets for aggressive Federal Reserve interest rate cuts. The euro languished close to a two-week low to the dollar as cooling inflation in Germany and Spain boosted the case for … Read more

Bond yields climb, stocks under pressure as Fed cut doubts resurface

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Bond yields climb, stocks under pressure as Fed cut doubts resurface

U.S. Treasury yields pushed to a near four-week peak on Wednesday, lifting their Asia-Pacific counterparts and the dollar while pressuring equities, as data sowed new doubts about the timing and extent of Federal Reserve rate cuts. Crude oil rose for a fourth day to reach a four-week high amid speculation OPEC+ will maintain production cuts … Read more