The report from the Labor Department on Friday combined with data this week showing tame inflation readings last month to keep a September interest rate cut from the Federal Reserve on the table. U.S. central bank officials on Wednesday pushed out the start of rate cuts to perhaps as late as December, with policymakers projecting…
Despite these small losses, the dollar is on course for small gains this week after the Federal Reserve left the funds rate on hold at 5.25%-5.5%, but reduced the number of cuts projected this year to just one, from three in March.
Brent and the U.S. benchmark have gained almost 4.5% over the week. That would mark Brent’s highest weekly rise in percentage terms since the week to Feb. 9. WTI is on course for the biggest weekly rise since the week to April 5.
Bitcoin fell 1% in the past 24 hours to $67,017.0 by 08:51 ET (12:51 GMT). The token had fallen as far as $66,000 on Thursday, as the dollar rebounded sharply from one-month lows.
The best performers of the session on the OMX Stockholm 30 were H & M Hennes & Mauritz AB B (ST:HMb), which rose 2.42% or 4.50 points to trade at 188.60 at the close. Meanwhile, AstraZeneca PLC (ST:AZN) added 1.30% or 21.50 points to end at 1,675.50 and Svenska Handelsbanken AB A (ST:SHBa) was up 1.12% or 1.11 points to 100.25…
