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The U.S. dollar steadied in early European trade Friday ahead of the release of key inflation data, the euro edged higher while the Japanese yen slipped slightly but remained on course for its strongest week in three months.

26 Jul, 2024 @ 05:00 by Yahoo! Finance

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The manufacturing purchasing managers’ index dropped from 45.1 points to 42.2, a nine-month low, according to S&P Global.

23 Jul, 2024 @ 08:59 by Yahoo! Finance

There was a surprise in last week’s King’s Speech with the unveiling of a Pensions Bill aimed at developing a leaner, more efficient system.

The FTSE and other European stocks were down as businesses across world were taken offline due to a major issue linked to Microsoft.

The U.S. dollar rose slightly Friday, on course for a positive week, while sterling slipped after the release of weak retail sales data. The dollar bounced off recent lows as U.S. labor and manufacturing data added to the uncertainty over when the Federal Reserve would start cutting rates. The U.S. currency has also seen demand as a safe-haven call as relations between the U.S. and China weaken, and uncertainty over the U.S. presidential race grows, amid calls for President Joe Biden to drop his reelection bid.

The U.S. dollar edged higher Thursday, while the euro slipped ahead of an ECB meeting and sterling dipped as U.K. wage growth slowed. At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher to 103.550, bouncing after losses this week on increased optimism that the Federal Reserve will cut interest rates in September. Confidence that the U.S. Federal Reserve will start cutting interest rates at its next meeting in September, to boost a slowing economy, has weighed heavily on the greenback.

Inflation came in higher than economists' estimates of a drop to 1.9%.

17 Jul, 2024 @ 06:26 by Yahoo! Finance

Taylor Swift effect helps inflation stick at 2%

16 Jul, 2024 @ 10:31 by Yahoo! Finance

Toilet rolls, dog food and butter accounted for the largest fall in prices.

16 Jul, 2024 @ 08:31 by Yahoo! Finance

The latest investor updates on stocks that are trending on Tuesday.

US retail sales rose in June by the most in three months.

16 Jul, 2024 @ 05:25 by Yahoo! Finance

The U.S. dollar edged higher in early European trade Tuesday, climbing away from one-month lows as traders digested the increased chance of former President Donald Trump returning to the White House as well as the likelihood that the Federal Reserve will start cutting interest rates in September. The dollar edged higher after Donald Trump received a rapturous welcome on the first day of the Republican National Convention in Milwaukee, just a few days after surviving an assassination attempt in Pennsylvania on Saturday. The four-day convention will culminate with Trump's prime-time address on Thursday, when he formally accepts the party's nomination to face President Joe Biden in a rematch of their 2020 race.

16 Jul, 2024 @ 05:00 by Yahoo! Finance

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US markets took cues from the fallout of the apparent assassination attempt on presidential hopeful Donald Trump over the weekend.

12 Jul, 2024 @ 09:36 by Yahoo! Finance

Annual headline inflation declined more than expected to 3%, making a rate cut in September more likely.

12 Jul, 2024 @ 07:54 by Yahoo! Finance

Investors assessed earnings reports from big Wall Street banks and clung to rate-cut hopes.

The latest investor updates on stocks that are trending on Thursday.

11 Jul, 2024 @ 06:32 by Yahoo! Finance

More shoppers returned to high streets and construction work recovered.

The dollar inched lower Thursday, extending overnight losses after Federal Reserve Chair Jerome Powell reiterated his outlook for the U.S. economy achieving a soft landing. USD/CNY traded 0.1% lower to 7.2674, with the Chinese currency seeing some relief after underwhelming inflation data on Wednesday.

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