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Markets
Focus remains on US data, Fedspeak, and UK GDP figures
In quite an erratic week, the US Dollar (USD) reversed Tuesday’s marked advance and shifted its attention to the opposite direction on the back of jitters surrounding the Fed’s…
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Inflation challenge has not been won yet
Federal Reserve (Fed) Bank of Atlanta President Raphael Bostic said that inflation is still quite far from where they need it to be even though the economy has been pretty…
NZD/USD rises on strong Chinese trade data, capped by firm US Dollar
NZD/USD trades higher on Wednesday, hovering around 0.5750 at the time of writing, up 0.25% on the day. The New Zealand Dollar (NZD) draws support from improved risk sentiment…
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USD/JPY retreats as Japan warns on excessive FX moves
The Japanese Yen (JPY) strengthens against the US Dollar (USD) on Wednesday after fresh warnings from Japanese authorities revived speculation of possible intervention to curb…
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Cautiously optimistic on inflation moving back to target
President of the Federal Reserve (Fed) Bank of Philadelphia Anna Paulson said on Wednesday that she sees further rate cuts later this year if the forecast meets their expectations.…
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Kennametal (KMT) surges 8.3%: Is this an indication of further gains?
Kennametal (KMT - Free Report) shares rallied 8.3% in the last trading session to close at $33.28. This move can be attributable to notable volume with a higher number of shares…