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Australia

Dollar falls to nine-month low as Powell notes progress in disinflation

BY Reuters  • February 1, 2023February 1, 2023
By Karen Brettell NEW YORK (Reuters) – The dollar extended losses on Wednesday and fell to a nine-month low against a basket of currencies after Federal Reserve Chair Jerome Powell spoke of maki[...]
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Asia Australia Business Canada Economy Europe UK Updated US

Stocks rise, dollar retreats ahead of Fed decision

BY Reuters  • February 1, 2023February 1, 2023
By Amanda Cooper LONDON (Reuters) -Global stocks rose on Wednesday as signs of slowing U.S. wage growth supported expectations the Federal Reserve could signal an end to interest-rate hikes at its mee[...]
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Asia Australia Business Economy Europe Top News Updated US

Australian regulator to review short-seller report on India’s Adani

BY Reuters  • February 1, 2023February 1, 2023
SYDNEY (Reuters) -Australia’s corporate regulator said on Wednesday it will review a short-seller report that has flagged a wide range of concerns about India’s Adani Group. Hindenburg Res[...]
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Asia Australia Business Economy Top News Updated

Stocks gain, yields dip after U.S. data; Fed eyed

BY Reuters  • January 31, 2023January 31, 2023
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks advanced on Tuesday as it closed out a strong month while U.S. Treasury yields fell as investors assessed economic data and ear[...]
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Asia Australia Business Economy Europe Top News Updated US

Wage data dents dollar recovery before Fed rate decision

BY Reuters  • January 31, 2023January 31, 2023
By Karen Brettell NEW YORK (Reuters) – The dollar fell on Tuesday, giving up earlier gains, after data showed U.S. labor costs increased less than expected in the fourth quarter, and before the[...]
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Asia Australia Business Canada Economy Europe UK Updated US

Australia Dec retail spending nosedives in warning for economy

BY Reuters  • January 31, 2023January 31, 2023
By Stella Qiu SYDNEY (Reuters) – Australian retail sales recorded the biggest drop in more than two years in December, as rising borrowing costs and sky-high inflation finally sank spending, an[...]
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Asia Australia Business Economy

Stocks fall, U.S. yields climb as central bank hikes awaited

BY Reuters  • January 30, 2023January 30, 2023
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks retreated on Monday after six sessions of gains while U.S. Treasury yields rose ahead of central bank policy announcements and[...]
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Asia Australia Business Economy Europe Updated US

Dollar gains as central banks take central stage

BY Reuters  • January 30, 2023January 30, 2023
By Karen Brettell NEW YORK (Reuters) – The dollar rose on Monday, a day before the Federal Reserve was due to begin a two-day policy meeting, while the euro was boosted by unexpectedly high infl[...]
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Asia Australia Business Canada Economy Europe UK Updated US

Stocks, dollar gain on allure of Fed soft landing

BY Reuters  • January 27, 2023January 27, 2023
By Herbert Lash NEW YORK (Reuters) -World stocks rallied and the dollar edged up from eight-month lows on Friday as slowing inflation data raised hopes the Federal Reserve can engineer an economic sof[...]
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