The dollar edged lower as the US debt ceiling agreement affected the safe haven’s appeal

[1/3] Illustrative photo showing US $100 banknotes taken in Tokyo on August 2, 2011. REUTERS/Yuriko Nakao/File Photo The dollar falls after the US debt ceiling agreement High risk currencies The Turkish lira touched a new record low LONDON (Reuters) – The dollar fell on Monday, retreating from six-month highs against the yen, as a US … Read more

AA arghg! Stocks in debt ceiling risk zone after US rating warning

[1/2] The US Capitol is reflected in a diminishing pool amidst ongoing negotiations seeking a deal to raise the US debt ceiling and avoid a catastrophic default, in Washington, US, on May 24, 2023. REUTERS/Jonathan Ernst SINGAPORE (Reuters) – Markets were stuck in uncertainty about the U.S. debt ceiling on Thursday, while Europe largely ignored … Read more

Business growth in the Eurozone was strong in May but is showing signs of abating – Flash PMI

[1/2] A new Formentor designed by the Seat Cupra is seen on the assembly line of the factory in Martorell, near Barcelona, ​​Spain, September 29, 2020. Business growth in the euro zone remained resilient, but slowed slightly more than expected this month, a survey showed on Tuesday, as the bloc’s dominant services industry lost a … Read more

Markets are jittery about the uncertainty about the debt ceiling and rising US yields

[1/2] A trader works at the Frankfurt Stock Exchange amid the coronavirus disease (COVID-19) outbreak, in Frankfurt, Germany, December 30, 2020. REUTERS/Ralf Orlovsky Debt ceiling hopes are hanging Fed talk pushes US yields higher European stocks are down, and US futures are flat European PMI data shows that business growth has remained resilient SINGAPORE (Reuters) … Read more

Regulators are dusting off the rulebooks for engaging with generative AI like ChatGPT

Watchdogs are racing to keep up with the mass spread of artificial intelligence While waiting for new laws, regulators are adapting existing ones Generative tools face privacy, copyright, and other challenges LONDON/STOCKHOLM (Reuters) – As the race to develop more powerful AI services like ChatGPT heats up, some regulators are relying on outdated laws to … Read more

The “soft landing” narrative is taking shape in the post-pandemic US economy

AMELIA ISLAND, Fla., May 18 (Reuters) – The battering of bank bond portfolios in more than a year of rising interest rates sparked fears this spring after the Silicon Valley bank collapse that a spiraling financial crisis could soon develop and wreck the United States. Economy. New research, however, indicates that these investment losses — … Read more

The dollar climbed to its highest level in seven weeks after strong data and optimism about the debt ceiling

Housing in the United States begins to rise in April Biden and McCarthy are pushing for a deal soon The Chinese Yuan is weakening after 7 dollars for every dollar The US dollar reached a two-week high against the yen SINGAPORE (Reuters) – The dollar rose to a seven-week high on Wednesday, boosted by optimism … Read more

Yellen says a default in the US could lead to a recession

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen warned on Tuesday that a default on government debt would likely leave millions of Americans without income payments, triggering a recession that could destroy many American jobs and businesses. Yellen told a group of local bankers that the unprecedented economic and financial crisis would be exacerbated by … Read more

Federal Reserve officials expect interest rates to remain high, and possibly even higher

[1/2] A photo of the Federal Reserve Building in Washington, US, on March 19, 2019. REUTERS/Leah Mellis/ May 15 – US central bankers signaled on Monday that they see interest rates to remain high and, if anything, to rise, given inflation may be slow to improve and the economy is showing only temporary signs of … Read more

The US debt crisis overshadows the meeting of the G7 financial leaders

Japan says the G7 may discuss the US debt crisis, and is ready to respond Biden warns of an American recession unless the ceiling is raised quickly Group of Seven to discuss ways to strengthen the global banking system Slowing inflation in China adds to fears of a global recession Yellen wants to discuss the … Read more