Bitcoin Heads for Weekly Losses as Fed Signals, U.S.-Iran Uncertainty Weigh on Crypto
Bitcoin Declines as Fed Signals Pressure Risk Assets Bitcoin fell 2% to $62,687.6 by 01:47 ET (05:47 GMT) on Friday and was set to lose 2.8% for the week. The move extended a reversal of a recent, short-lived recovery in...
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Yen nears multi-decade low as renewed intervention risk emerges
Yen slides toward weakest level since 1980s After Japanese stock markets closed on Thursday, the yen depreciated sharply, breaching the 161 level against the dollar and later touching 161.80. This was the currency’s lowest level since July 2024. A move...
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Stock market outlook seen broadening beyond AI and mega-cap leaders
Goldilocks conditions and historical market performance Peccatiello defines a “Goldilocks” setup as a combination of firm real growth (after inflation) that is not excessively strong, contained core inflation, and a Federal Reserve that is either on hold or raises rates...
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Dollar Index Holds Near One-Year Highs on Hawkish Fed Outlook
Fed Signals Tighter Policy Bias The Federal Reserve kept interest rates unchanged at its latest policy meeting, as widely expected, but indicated growing support for tighter monetary policy later this year. According to the new projections, around half of Federal...
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Gold Slides as Stronger Dollar, Fed Outlook Weigh on Prices
Gold Extends Losses on Fed Signals and Firm Dollar Spot gold fell 1.8% to $4,134.86 an ounce by 02:40:12 ET (06:40 GMT), while U.S. Gold Futures for August dropped 2.2% to $4,152.25. The metal was on track for a weekly...
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