Dollar hits one-year high on Trump trades
By Chibuike Oguh NEW YORK (Reuters) -The U.S. dollar advanced to one-year high against major currencies on Wednesday powered by so-called Trump trades and after U.S. inflation for...
By Chibuike Oguh NEW YORK (Reuters) -The U.S. dollar advanced to one-year high against major currencies on Wednesday powered by so-called Trump trades and after U.S. inflation for...
Deutsche Bank believes the consumer price index will tick down from last month to 0.26%, which would keep the year-on-year reading at 3.3%.
By Medha Singh (Reuters) - The pound hovered near three-month lows against a stronger dollar on Wednesday, after a sharp fall in the previous session following data that showed...
By Tetsushi Kajimoto and Makiko Yamazaki TOKYO (Reuters) - Japan will act appropriately against excess movements on the foreign exchange market, former currency chief Masato Kanda...
- The U.S. dollar slipped slightly Wednesday, falling from a six-month peak, ahead of the release of key US inflation data, which will provide more clues on the...
The latest investor updates on stocks that are trending on Wednesday.
- The US dollar slipped slightly Wednesday, falling from a six-month peak, ahead of the release of key US inflation data, which will provide more clues on the future...
Pound near fresh three-month low against dollar ahead of US inflation data.
On this week's episode of Yahoo Finance Future Focus, our host Brian McGleenon spoke to Mortgage Advice Bureau deputy CEO Ben Thompson about the recent budget’s impact on housing affordability and accessibility for first-time buyers. Thompson highlighted how the increased stamp duty surcharge on second homes, rising from 3% to 5%, could discourage investors and holiday-home buyers, potentially freeing up more properties for first-time buyers. Additionally, the government’s £5bn investment in new housing, including £500m for the Affordable Homes Programme, aims to expand housing options in the long term. However, the budget missed extending stamp duty relief for first-time buyers, set to end in March 2025, which could intensify demand in the short term. Thompson also noted missed opportunities to support "reluctant renters" by making it easier for long-term tenants to buy their rented homes, suggesting that government-backed incentives and tax relief could encourage landlords to sell to tenants. Ultimately, Thompson saw Labour’s pivot from demand-side to supply-side interventions as a promising step to improve housing affordability for first-time buyers, though he emphasised the need for continued reforms.
-- Most Asian currencies moved little on Wednesday, while the dollar steadied near recent peaks as focus turned squarely to upcoming U.S. inflation data for more cues...