(Bloomberg) — The Bank of Japan sent shock waves through markets after it unexpectedly revised its yield-curve-control policy, signaling that the developed world’s last holdout to rock-bottom interest rates is inching toward policy normalization. The yen soared almost 3% to 133.11 per dollar, while yields on 10-year bonds surged 20.5 basis points to the highest […]
Read More(Bloomberg) — The dollar has notched up its worst week since the early days of the Covid pandemic, but analysts think a long-running stampede for the greenback might not be over just yet. The Bloomberg Dollar Spot Index slumped around 3.5% this week, its biggest loss since March 2020. Investors had been trimming bets on […]
Read More(Bloomberg) — A strong dollar is likely to weigh negatively on the US economic outlook and could alter how high the Federal Reserve ultimately raises interest rates, economists surveyed by Bloomberg said. Nearly half of the economists said that international fallout from a strong dollar was either somewhat likely or very likely to spill back […]
Read More(Bloomberg) — One of Wall Street’s most vocal bears is growling again, this time because of dollar strength. The “extreme” rally in the greenback over the past year typically comes alongside market stress or recession, or both, Michael J. Wilson, chief US equity strategist at Morgan Stanley, wrote in a report Sunday, noting how the […]
Read More(Bloomberg) — The soaring dollar is propelling the global economy deeper into a synchronized slowdown by driving up borrowing costs and stoking financial-market volatility — and there’s little respite on the horizon. A closely watched gauge of the greenback has risen 7% since January to a two-year high as the Federal Reserve embarks on an […]
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