Forex News

Bay Street Likely To Open Higher On Firm Oil Prices

Bay Street Likely To Open Higher On Firm Oil Prices

The Canadian market may open higher on Wednesday with energy stocks finding support on firm crude oil prices. The overall mood is likely to remain cautious as investors await more economic data amid persisting worries about inflation and interest rates.
RTTNews | 653 days ago
Thai Central Bank Hikes Rate By 25 Bps

Thai Central Bank Hikes Rate By 25 Bps

Thailand's central bank lifted its key interest rate by another quarter point to the highest level in a decade and hinted that rates are unlikely to be raised again as inflation remains below target. The Monetary Policy Committee of the Bank of Thailand unanimously voted to raise the benchmark rate to 2.50 percent from 2.25 percent.
RTTNews | 653 days ago
German Consumer Confidence Set To Weaken Further

German Consumer Confidence Set To Weaken Further

Germany's consumer confidence is set to erode again in October, as households turned more cautious on spending amid persistently high inflation and little chance of improvement in the economic outlook, resulting in a sharp rise in their saving intentions, results of the monthly survey by the market research group GfK showed Wednesday.
RTTNews | 653 days ago
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European Shares Rebound On China Recovery Hopes

European Shares Rebound On China Recovery Hopes

European stocks rose on Wednesday to snap a four-day winning streak after data showed profits at China's industrial firms in August posted a surprise surge of 17.2 percent from a year earlier.
RTTNews | 653 days ago
Yen Rises Against Most Majors

Yen Rises Against Most Majors

The Japanese yen strengthened against most major currencies in the pre-European session on Wednesday.
RTTNews | 653 days ago
Target To Close Nine Stores Due To Theft, Organized Retail Crime

Target To Close Nine Stores Due To Theft, Organized Retail Crime

Retail major Target Corp. is closing nine stores across four states, effective October 21, citing increased theft and organized retail crime that threaten the safety of team and guests. In a statement, the company said it cannot continue operating these stores as theft and organized retail crime are also contributing to unsustainable business performance amid unsafe working and shopping...
RTTNews | 653 days ago
Antipodean Currencies Slide Amid Risk Aversion

Antipodean Currencies Slide Amid Risk Aversion

Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Wednesday, as investors remained cautious after the U.S. Fed recently forecast another rate hike before the end of the year and keeping rates at elevated levels for longer than previously anticipated.
RTTNews | 653 days ago

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