Asia FX Firms, Dollar Slumps as SVB Turmoil Clouds Rate Hike Outlook
Most Asian currencies rose on Monday, while the dollar tumbled to near three-week lows as a potential banking crisis in the U.S. saw markets drastically alter their expectations for more interest rate hikes by the Federal Reserve this year. Most regional currencies also sharply reversed losses from last week, with China’s yuan up 0.3% as […]
Gold Prices Surge As U.S. Bank Woes Taper Rate Hike Expectations
Gold prices hit a one-month high on Monday, recovering sharply from recent losses as markets bet that a burgeoning banking crisis in the U.S. will push the Federal Reserve into softening its hawkish rhetoric in the coming days. The dollar fell sharply against a basket of currencies, while an inversion in the yield curve lessened […]
Oil Prices Rise On Weak Dollar As Markets Price in Less Hawkish Fed
Oil prices rose slightly on Monday as a brewing banking crisis in the U.S. spurred expectations that the Federal Reserve will soften its hawkish rhetoric in the coming months, although caution still persisted over a potential economic fallout. Oil markets benefited from weakness in the dollar, after the Fed and other U.S. regulators intervened over […]