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U.S. dollar

Why the Fed cutting interest rates may weaken the U.S. dollar

by Franz Hernandez
Why the Fed cutting interest rates may weaken the U.S. dollar

SeongJoon Cho/Bloomberg via Getty Images The U.S. Federal Reserve may start cutting interest rates before year’s end. That could make future trips abroad more expensive for the nation’s travelers. That’s …

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Moscow Exchange halts dollar and euro trade after U.S. sanctions

by Walter Watson
Moscow Exchange halts dollar and euro trade after U.S. sanctions

People stand in line at the currency exchange office, under an electronic panel with rates of ruble to U.S. dollar and euro, April 4, 2024 in Moscow, Russia. Contributor | …

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Eli Lilly, 3M, PayPal, Tesla and more

by Walter Watson
Eli Lilly, 3M, PayPal, Tesla and more

Check out the companies making headlines in midday trading. Eli Lilly — Shares added 5% after Eli Lilly, maker of the Mounjaro diabetes and weight loss drug, beat analysts’ expectations …

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Japan-South Korea coordinated currency intervention may need U.S. support

by Walter Watson
Japan-South Korea coordinated currency intervention may need U.S. support

A Japanese 1,000 yen banknote sits on a pile of South Korean won banknotes for an arranged photograph at a Woori Bank Co. branch in Seoul, South Korea. SeongJoon Cho …

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Big Short’s Steve Eisman worries investors are too bullish in 2024

by Ron Morgan
Big Short’s Steve Eisman worries investors are too bullish in 2024

Investor Steve Eisman of “The Big Short” fame is questioning the level of bullishness on Wall Street — even with the market’s tepid start to the year. From enthusiasm surrounding …

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Airbnb misleads Australian customers by charging in U.S. dollars

by Ron Morgan
Airbnb misleads Australian customers by charging in U.S. dollars

Airbnb logo is displayed on a mobile phone screen in Ankara, Turkiye on November 22, 2023. Dilara Irem Sancar | Anadolu | Getty Images An Australian court on Wednesday ordered …

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Dollar stays on the back foot as traders look to Fed for cut clues

by Anas Siddiqui
Dollar stays on the back foot as traders look to Fed for cut clues

Reuters: The dollar remained on the back foot versus major rivals on Wednesday, as traders braced for the conclusion of a Federal Reserve policy meeting and clues on when the …

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South African rand was weaker ahead of data-filled week

by Anas Siddiqui
South African rand was weaker ahead of data-filled week

Reuters: The South African rand was weaker in early trade on Monday ahead of a week jam-packed with both local and global economic data releases. South African rand was weaker …

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Dollar started steady on Monday with US inflation Fed meeting looming

by Anas Siddiqui
Dollar started steady on Monday with US inflation Fed meeting looming

Reuters: The Dollar started steady on Monday, with a reading on U.S. inflation and the Federal Reserve’s last policy meeting for the year likely to set the tone for the …

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South African rand firmed: Euro near three-week low

by Anas Siddiqui
South African rand firmed: Euro near three-week low

Reuters: The South African rand firmed on Wednesday after subdued U.S. labour data boosted bets that the Federal Reserve was done hiking interest rates and might start easing its monetary …

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