US Dollar (DXY) Rattled by a Slightly Less Hawkish Fed Chair Powell
US Dollar (DXY) Price and Chart Analysis The US dollar slips after the Fed chair dials back on the hawkish narrative. S&P 500 and the Nasdaq 100 are within touching distance of new multi-week highs. Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the DailyFX team Subscribe […]
Chinese yuan sinks on mixed GDP, Asia FX rattled by recession fears By Investing.com
© Reuters. By Ambar Warrick Investing.com — Most Asian currencies fell on Tuesday amid renewed fears of a global recession this year, with the yuan among the worst performers as data showed Chinese economic growth was pummeled by COVID lockdowns in 2022. The fell 0.4% to 6.7611, coming off a near five-month high after data […]