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Federal Reserve

Gold slips in European trade

Gold slips in European trade

ROTTERDAM/LONDON: Gold prices edged lower on Tuesday as a firmer dollar outweighed a dip in U.S Treasury yields,...
Published 24 Mar, 2021 05:10am
US MIDDAY: Gold dips
Markets

US MIDDAY: Gold dips

NEW YORK: Gold prices edged lower on Tuesday as a firmer dollar outweighed a dip in U.S Treasury yields, ahead of...
Published 24 Mar, 2021 05:10am
US economists see Fed hiking lending rate sooner than expected: survey
Markets

US economists see Fed hiking lending rate sooner than expected: survey

  • Thirty-three percent of respondents said the government's response was adequate, a slight decrease from the previous survey in August 2020, while 37 percent said it was insufficient, also down slightly from the previous survey. Eighteen percent said it was excessive, up slightly from August.
Published 22 Mar, 2021 10:45am
US Fed to let bank leverage exemption expire this month, will review rule
World

US Fed to let bank leverage exemption expire this month, will review rule

  • The Fed said it would, however, launch a formal review of the capital rule, known as the "supplementary leverage ratio," due to concerns it is no longer functioning as intended as a result of the central bank's emergency COVID-19 pandemic monetary policy measures.
  • "Wall Street bank stocks will get punished because now they will have to put more money aside," Edward Moya, senior market analyst at foreign exchange brokerage Oanda, said in an email.
Published 19 Mar, 2021 09:13pm
US MIDDAY: Gold slips
Markets

US MIDDAY: Gold slips

NEW YORK: Gold prices dropped on Thursday as a surge in US bond yields and a firmer dollar hammered bullion’s...
Published 19 Mar, 2021 05:32am
Yields climb as market awaits Fed statement
Markets

Yields climb as market awaits Fed statement

  • The benchmark yield surged to 1.676%, the highest level since February 2020. It was last up 2.8 basis points at 1.6515%.
  • The 30-year bond yield jumped to 2.429%, the highest since November 2019. It was last up 2.1 basis points at 2.4117%.
Published 17 Mar, 2021 09:31pm
South Africa's rand rallies as reflation fears ease, stocks inch up
Markets

South Africa's rand rallies as reflation fears ease, stocks inch up

  • Rand was 1.23% firmer at 14.9000 per dollar, a touch softer than the session-high 14.8700, the unit's firmest level since March. 3.
  • Risk appetite has been driven by offshore events, with investors eyeing the speed of the global economic recovery and the pace of US lending rates.
Updated 11 Mar, 2021 10:04pm