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Fed’s Mester Says More Fiscal, Not Monetary Support, Is Needed

Fed’s Mester Says More Fiscal, Not Monetary Support, Is Needed

Federal Reserve Bank of Cleveland President Loretta Mester said fiscal policy support, not additional monetary-policy action, is what the U.S. needs most as surging Covid-19 infection rates threaten to smother economic activity. “The virus case…

Market News
Dollar Weakens as Consumers Lose Confidence; Pound Gains on Possible Deal

Dollar Weakens as Consumers Lose Confidence; Pound Gains on Possible Deal

The dollar edged lower in early European trade Wednesday, weighed by signs the surge in coronavirus vases is hitting the U.S. consumer while the country’s political scene remains divided. At 3:55 AM ET (0755 GMT),…

Market News
Pound Jumps as Brexit Deal Nears Landing

Pound Jumps as Brexit Deal Nears Landing

The pound moved to a two-and-a-half-month high against the dollar on Wednesday, on growing hopes a Brexit deal could be within reach. GBP/USD rose 0.31% to $1.3281. Hopes for Brexit a deal were given a…

Market News
Dollar Up, Hopes of Fed Monetary Stimulus Rise

Dollar Up, Hopes of Fed Monetary Stimulus Rise

The dollar was up on Thursday morning in Asia, clawing back gains from earlier losses. The market saw small moves as the number of COVID-19 cases globally continues to rise incessantly, and expectations of further…

Market News
Dollar Edges Higher; Turkish Central Bank in Focus

Dollar Edges Higher; Turkish Central Bank in Focus

The dollar edged higher in early European trade Thursday, helped by its safe-haven status as concerns about the impact of the coronavirus remain. At 3:05 AM ET (0805 GMT), the Dollar Index, which tracks the…

Market News
Dollar Up, Hopes of Fed Monetary Stimulus Rise

Dollar Up, Hopes of Fed Monetary Stimulus Rise

The dollar was up on Thursday morning in Asia, clawing back gains from earlier losses. The market saw small moves as the number of COVID-19 cases globally continues to rise incessantly, and expectations of further…