a9b3166a22e5831e56234a0503c95ff1e1db0808

Fed comments send dollar surging but equities subdued

The greenback rose against most emerging currencies, continuing a trend that has seen investors withdraw cash back to the United StatesThe dollar held gains against its major peers Thursday and rallied against most emerging currencies, but equities were broadly lower after the US Federal Reserve hinted at a possible December interest rate hike. While the Fed provided an upbeat assessment of the US economy after its latest policy meeting, the news took the wind out of an advance across global markets in October, which had been supported by expectations a rate rise would be delayed. Samsung Electronics jumped almost five percent at one point after announcing a $10 billion share buyback and a surge in net profit during July-September, providing support to Seoul’s broader index.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Russian Lawyer Who Met With Trump Jr. Linked To Group Hired By Democrats https://t.co/pm9NaKceA2 #backfire #leftwing https://t.co/17lD1bMNPr - 5 months ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article