Wall Street Rebounds and Recoups Some Losses

Wall Street Rebounds After experiencing the worst daily performance since April, US stock indices rebounded on Friday, with investors assessing recent data and corporate earnings. This turnaround highlights the market’s resilience and the importance of economic indicators in shaping investor sentiment. Let’s dive into the details of this rebound and its implications. Key Economic Data…

Read more about Wall Street Rebounds and Recoups Some Losses

Dollar Trade is currently under significant pressure, declining against a basket of major rivals for the third consecutive session and nearing five-week lows. This decline is driven by a heavy selloff wave as traders await the release of crucial US producer prices data. This data will provide insights into the state of inflation in the…

Read more about Dollar Trade at Five-Week Lows

Kiwi is often referred to as the Kiwi, took a nosedive in Asian trade on Wednesday. It resumed its losses against the US dollar, securing its position as the worst-performing major currency. The Reserve Bank of New Zealand (RBNZ) had just voted to hold interest rates unchanged at a 15-year high, taking a notably bearish…

Read more about Kiwi is the Worst Performing Major Currency