FOREX-Dollar pulls back, still set for best month since 2015 – Yahoo Finance

* Dollar index back below 103, set for best month since 2015
* Euro set for monthly drop; dollar-yen holds above 130
LONDON, April 29 (Reuters) – The dollar edged down from its recent 20-year high on Friday but was still on track for its best month since 2015, having been boosted by a combination of expectations for U.S. rate hikes and growth concerns in China and Europe.
In the final trading day of a seismic month for currency markets, major currency pairs pulled back slightly from their recent trajectories as global markets stabilised and a Chinese tech rally put Asian shares on track for their best day in six weeks.
At 0741 GMT, the dollar index was down 0.7% on the day at 102.91, but still set for a 4.7% gain in April.
Weaker-than-expected U.S. growth data on Thursday did little to stop the dollar's rise, with investors still expecting a 50 basis point rate hike at the Federal Reserve's meeting next week.
"The Fed has done a lot of work to communicate the markets to where they are now and one surprisingly weak GDP print was never going to see that unravel," said Derek Halpenny, head of research at MUFG, in a note to clients.
The euro was on track for a 4.4% monthly drop versus the dollar, set for its worst month since 2015. Having dropped through $1.05 for the first time in five years on Thursday, it stabilised somewhat on Friday at $1.10575.
The euro has lost around 6.5% versus the dollar since Russia's invasion of Ukraine on Feb. 24, with investors concerned about Europe's energy security, inflation and growth.
Traders were waiting for euro area GDP and “flash” inflation data, due at 0900 GMT. European currencies could benefit if the inflation data surprises to the upside, prompting remarks from more hawkish European Central Bank members, ING FX strategists wrote in a client note.
Dollar-yen stayed above the key psychological 130 level, at 130.065, having crossed 130 for the first time in 20 years on Thursday when the Bank of Japan vowed to stick to its super-low yield policy.
Meanwhile, the British pound edged higher to $1.256 as the dollar weakened, but was still set for its biggest monthly drop since 2016.
(Reporting by Elizabeth Howcroft Editing by Mark Potter)
Amazon's stock split will take place on June 3, but don't expect to wake up to riches overnight.
Stop investing in mediocre businesses. Buy the best, instead.
It’s difficult for most stocks to make any headway in 2022. Inflation, rising interest rates and Russia’s ongoing war on Ukraine have dragged down even those with minimal exposure to the macro headwinds. For Novavax (NVAX), these worries have been amplified by other considerations. First, there is the prospect of dwindling global demand for Covid-19 vaccines, what with the virus on the backfoot in many parts of the world and there being an oversupply in selected regions. Secondly, in the U.S. at
Real estate mogul Barbara Corcoran didn't mince words when asked about Tesla (TSLA) CEO Elon Musk's recent behavior.
(Bloomberg) — The stock market has staged a ferocious rebound in the past week after almost falling into a bear market. Don’t get too excited about that, says Victoria Greene, founding partner and chief investment officer at G Squared Private Wealth.Most Read from BloombergElon Musk Says Bill Gates Has ‘Multi-Billion Dollar’ Tesla Short PositionElizabeth Holmes Urges Judge to Overturn Verdict and Acquit HerWalmart, Gap and Others Amass $45 Billion in Extra Stuff to SellRussian Wins in Eastern U
The stock market pulled back from the brink of a bear market as rate-hike expectations eased, at least for now. Here's what it will take to signal a bottom.
The Dow Jones rallied amid encouraging inflation data. Tesla stock jumped even as CEO Elon Musk issued a warning. Apple stock surged.
The stock market selloff has made many stocks look cheap—but smart investors need to be selective. Here are six high-quality companies that trade at reasonable valuations.
‘Both are insistent that I'm taking money that is morally theirs. There's no changing their mind.’
Here's what a fundamental and technical analysis says about Google stock. GOOGL stock buybacks remain high as web search and YouTube advertising rebound. But cloud computing growth is key.
Markets are shaky. Your income stream doesn’t have to be.
The stock market ended its multiweek losing streak, and like a sports team that finally got a win, it’s worth celebrating. It just doesn’t mean the team—or this stock market—is any good. “Stocks finally enjoyed a strong bounce this week,” writes Canaccord Genuity analyst Martin Roberge.
The top-ranked companies on dividend payout ratios outperformed those stocks with less robust buyback activity—10.9% versus 9.3% on an annual basis over the 20-year period that concluded at the end of 2019.
Investors finally got the week they had hoped to see, producing a sizable rebound from last week's stock market lows. There's still plenty of uncertainty in the economy, but investors are starting to think that the Federal Reserve might not be as aggressive as feared in fighting inflation. The Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC) were all up substantially on the week, including big gains on Friday.
If we can find high-quality stocks with high dividend yields, all the better. In this article, we'll take a look at three high-yield stocks that are also attractive on a total return basis. The company targets the lower end of the market with smaller, more attainable single-family homes in 15 states in the U.S. In addition, it has a mortgage-origination business for its homebuyers, insurance coverage for the homes it sells, and related products and services.
Will we have enough to ‘live a simple life’ in retirement? Many other retirees wonder the same thing as you, and may be in similar financial circumstances where they’re able to pay the bills and have money saved in their retirement accounts. Your interest rate is fantastic, you’re capable of making the monthly payment from just your pension and Social Security without tapping into your 401(k) and you have so much of your home already paid off — all wins.
The S&P 500 is right on the cusp of entering a bear market, defined as a 20% decline from the recent peak. While bear markets can be brutal, they often provide the opportunity to buy high-quality companies at much more attractive valuations. With an eye toward opportunity, we asked some of our contributors what stocks are on their bear market watch list.
In this article, we will discuss some of the notable stocks analysts are upgrading today. To take a look at some more stocks that are being upgraded, go to Analysts Are Upgrading These 5 Stocks on Friday. The US market closed in the green for the first time in the last seven weeks as positive […]
When looking for the best artificial intelligence stocks to buy, identify companies using AI technology to improve products or gain a strategic edge, such as Google, Microsoft and Nvidia.
Investors take a breather this week, as U.S. stocks bounce back. Beneath the surface, though, are still strong undercurrents of worry about inflation.

source

Leave a Reply

Your email address will not be published.