Tag: interest rates

Foreign exchange strategists polled by Reuters said the dollar will remain strong in the coming months as financial markets continue to push back expectations for the timing and magnitude of the Fed's rate cuts. So far this year, the dollar against a basket of major currencies has strengthened by about 3.3%, a reversal of the short-lived downtrend at the end of 2023, with net long bets on the dollar reaching their highest point since September 2022, according to trader position data. The strong U.S. economy and continued inflation are forcing financial markets to reconsider their bets on when the Fed will cut interest rates for the first time.

(Bloomberg) -- Asian stocks are set to follow Wall Street lower after solid economic data and a rebound in commodities fueled speculation that major central banks will keep interest rates higher for a longer period of time: Tesla Sales Hit Record High, Electric Cars Hit Hard Iran Vows to Punish Israel Strikes

"The stock market snubbed a recent pivot, which may have been a mistake," analysts at JPMorgan wrote in the report.

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Shares of Materia Medica Realty Trust (NYSE: MPW) appear to...