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US dollar slips as Fed’s Powell says he still expects rate cuts this year
THE US dollar slipped to a one-month low against the euro on Wednesday (Mar 6) after Federal Reserve chair Jerome Powell said continued progress on inflation “is not assured,”...
Gold hits record peak on US rate cut hopes
THE price of gold on Tuesday (Mar 5) struck an all-time pinnacle, boosted by its haven status ahead of expected cuts to US interest rates amid growing economic gloom....
Gold near two-month high as hopes for mid-year US rate cut rise
GOLD prices hovered near a two-month high on Monday (Mar 4), after softer United States economic data last week raised hopes for a June interest rate cut by the...
US: Wall St opens higher as inflation data fuels rate cut hopes
WALL Street’s main indexes opened higher on Thursday (Feb 29) as a key inflation metric came in line with estimates, raising hopes of interest rate cuts by the US...
Oil ends lower, posts weekly decline as US rate cut hopes dim
OIL prices fell nearly 3 per cent lower on Friday (Feb 23) and posted a weekly decline after a US central bank policymaker indicated interest rate cuts could be...
US: Wall St opens lower as early rate cut hopes fade; Walmart perks up
WALL Street’s main indexes opened lower on Tuesday (Feb 20) as dwindling hopes for early interest rate cuts weighed on investor sentiment even as Walmart kicked off the earnings...
Singapore stocks rise after China cuts mortgage reference rate; STI up 0.6%
THE Straits Times Index (STI) rose 0.6 per cent or 18.15 points to 3,244.06 on Tuesday (Feb 20). Across the broader market, gainers beat losers 281 to 251 after...
China seen cutting mortgage reference rate for first time since June
CHINA is widely expected to trim its benchmark mortgage reference rate at a monthly fixing on Tuesday (Feb 20), as banks’ improving net interest margins give authorities some leeway...
