Thailand’s new finance minister may steady skittish markets
Thailand’s new finance minister has caught investor attention with a more conciliatory approach to the central bank, opening a window for policy coordination to support battered markets.
May 29, 2024
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Yen hits 4-week low, dollar steady ahead of key inflation data
The dollar held firm on Wednesday, boosted by higher U.S. yields ahead of key inflation data later in the week, and gaining on the Japanese yen as placid markets encouraged investors to resume carry trades.
Oil prices rise on demand hopes; OPEC+ meeting looms
Oil markets were boosted by growing optimism over the U.S. summer season, which usually marks at least two months of elevated demand in the world’s biggest fuel consumer.
‘We’d All Be Rich’: Peter Schiff Delivers Unexpected Bitcoin Prediction
Financial commentator Peter Schiff, known for his critical stance on Bitcoin, recently took to social media with a series of posts that blended sarcasm and financial speculation.
US stocks fall sharply on inflation concerns; Fed speakers, Salesforce in focus
Broader U.S. stocks were largely subdued in anticipation of key inflation data this week. PCE price index data, which is the Federal Reserve’s preferred inflation gauge, is due this Friday, and is likely to factor into the central bank’s outlook on interest rates.