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Posts Tagged

EUR FX

Asian shares fall after Fed minutes point to faster rate rises

Asian share markets slumped on Thursday and European stocks were poised for a lower open after Federal Reserve meeting minutes pointed to a faster-than-expected rise in U.S. interest rates due to concerns about persistent inflation.

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Dollar near one-month low to yen before inflation test; Aussie, kiwi slide

The dollar trod water against major peers on Wednesday after weakening in the past three days, and traded near a one-month low to the yen, with investors awaiting U.S. inflation data for a clue to when the Federal Reserve might raise interest rates. The safe-haven yen also benefited from global stocks retreating from a record peak as rising oil prices stoked inflation worries.

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