Tag Archives: Dollar

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, November 12, 2021 Higher yields, higher dollar As I promised several days ago, today is the day I dig into the idea of interest rate differentials. The inflation-driven concept is accretive for both the U.S. dollar and stock investors — even if soaring prices are a net negative for just about everyone else. In summary, prices are surging,… Source link

(Bloomberg) — Unprecedented trade surpluses and record inflows into its bond market are giving China a stockpile of dollars unseen since the days when the ‘Asian savings glut’ was blamed for keeping U.S. interest rates excessively low and fueling the sub-prime mortgage crisis. Most Read from Bloomberg But unlike then, when China aggressively recycled its dollar holdings into U.S. Treasuries, China’s giant pile of foreign exchange reserves are holding broadly stable. That means the… Source link

* Asian stock markets: https://tmsnrt.rs/2zpUAr4 * US stocks futures slip as earnings season looms * Oil leads energy complex higher, stokes inflation risk * Dollar reaches highest on yen since April 2019 By Wayne Cole SYDNEY, Oct 11 (Reuters) – Asian shares slipped on Monday as global inflation angst favoured commodities as a hedge over U.S. equities, while rising U.S. bond yields lifted the dollar to two-and-a-half year peaks against the Japanese yen Nasdaq futures and S&P 500 futures were both… Source link

Former President Donald Trump weighed in on the booming cryptocurrency movement, reiterating his concerns that rapidly proliferating digital coins pose a threat to the U.S. dollar’s (DX-Y) status as a global reserve currency. In fact, Trump believes that China’s recent move to ban crypto is a warning shot to the U.S. to protect its currency, he told Yahoo Finance in a wide-raging interview about the economy, and his potential aspirations for the next general election. He added that Chinese… Source link

By Susan Mathew Sept 7 (Reuters) – Latin American currencies weakened on Tuesday as rising U.S. Treasury yields sent the dollar rallying, while El Salvador became the first country in the world to adopt bitcoin as legal tender. The adoption of the cryptocurrency, which will serve alongside the U.S. dollar in the country, suffered teething problems when the government had to unplug a digital wallet to cope with demand. President Nayib Bukele said El Salvador holds 400 bitcoins. He expects the… Source link

JHVEPhoto / Shutterstock.com Dollar stores are known for their incredible deals — but there are ways to save even more on their already low prices. GOBankingRates talked to shopping experts to find out how to get the best prices at dollar stores, what sets the different chains apart and the surprising things you should always — and never — stock up on when you go. Read: 24 Ways To Make Money Off Your ShoppingSee: 15 Times You Should Splurge, Settle or Skip When Shopping Last updated: Aug…. Source link

The crypto community — but most of all, the Bitcoin (CRYPTO: BTC) community — is pointing out the disastrous consequences of the Richard Nixon administration’s decision to take the dollar off of the gold standard in 1971, exactly 50 years ago. What Happened: The Bitcoin community caused the #wtfhappenedin1971 hashtag to go viral on Twitter Inc.(NYSE: TWTR) to attract public attention to the damage that fiat money has done to the world’s economy. A website dedicated to sharing data of the… Source link

V-12 powered sports cars and rare Ferraris, each worth multiple millions of dollars, lead the line-up at this year’s annual Gooding & Company Pebble Beach auction.  “Ferrari has been in such strong demand for such a long time because they build absolutely fantastic cars,” President and CEO David Gooding told Yahoo Finance Live. “There’s everything about them that is magical.”  Gooding is the official auction house of the iconic Pebble Beach Concours d’Elegance which concludes on Aug. 15…. Source link

Stubbornly hot inflation will be unkind to the bottom line of Dollar Tree, warns Deutsche Bank.  Deutsche Bank analyst Krisztina Katai downgraded her rating on the dollar store to Hold from Buy on Monday, and slashed the price target to $102 from $129.  “We now see more balanced risk/reward, especially with renewed concerns around building inflationary pressures. We remain long-term believers in Dollar Tree’s story including the ongoing turnaround at Family Dollar, however, we are… Source link

Monterey Car Week 2021 promises a return to multimillion dollar deals as auction houses like Mecum roll into town for the iconic Pebble Beach Concours d’Elegance on Aug. 15.  “We’re all very excited to be going back to Monterey after having to take off last year, 2020, because of the pandemic and missing car week,” Mecum Auctions CEO Dave Magers told Yahoo Finance Live. Mecum Auctions is one of the world’s largest collector car auction companies and will have 600 vehicles crossing the auction… Source link