Author of daily news

Maciej Szewczyk
Dollar steadies as investors anticipate new Fed policy outlook

The dollar slightly edged up on Tuesday and lingered below recent peaks as investors await this week’s Federal Reserve meeting for hints on the new policy outlook. The Dollar Index that measures the greenback against other major currencies climbed 0.1% to 92.703, below last week’s 3 1/2-month high of 93.194.  The USD/JPY pair shed 0.2% to…

Asian equities up as investors anticipate Fed meeting, US company earnings

Asian equities went up on Tuesday following the previous day’s year to date low, with traders keeping watch on the US where key companies would be reporting earnings and the Federal Reserve would meet to discuss policy within the week. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed up 0.26% after hitting its lowest…

Australia sees decline in June retail sales

Retail sales in Australia fell in June due to lower demand driven by COVID-19 lockdowns and mobility restrictions, an indication that the economy slowed in the third quarter. Preliminary figures from the Australian Bureau of Statistics (ABS) on Wednesday showed retail’s biggest drop this year, with a decline of 1.8% from a month earlier. Victoria…

Stocks tumble as new virus outbreaks cast shadow on global economic recovery

Asian stocks fell on Tuesday as investor outlook continued to darken amid increasing concerns over the COVID-19 delta variant. Fears of the virus’ negative impact on the global economic recovery sent riskier assets on a steep downward trend. MSCI’s gauge of Asia Pacific stocks outside of Japan experienced losses of almost 1%, while Australia’s S&P/ASX…

Dollar drops, set for best weekly gain

The dollar fell on Friday morning in Asia but will see its best weekly gain in about a month. Meanwhile, investors worry over quicker-than-expected interest rate hike in the United States and losses caused by the coronavirus pandemic. The U.S. Dollar Index that measures the greenback against other major currencies tallied a 0.06% crash to…