The dollar recorded its worst performance in nearly three months on Wednesday as Federal Reserve Chairperson Jerome Powell highlighted labour market risks and played down inflation concerns in a speech. The dollar index closed down 0.4 per cent, its biggest decline since September 16, after the Fed decided to cut interest rates by 0.25 percentage points. "Powell is less bullish on the labour market than he was on previous forecasts," said Bank of America strategist Alex Cohen, adding that the Fe...
According to market news, US President Donald Trump will deliver his inauguration speech at 6 PM local time at Macomb Community College in Warren, Michigan.
The MSCI Asia Pacific index fell nearly 8 percent, or its worst one-day performance since 2008.
The MSCI Asia Pacific index fell nearly 8 percent, or its worst one-day performance since 2008.
The first batch of Ethereum ETFs in the United States had a strong first day of trading, with more than $500 million traded in just a few hours between the opening of the US market and noon in New York. While this is a far cry from the $4.60 billion trading volume when the spot bitcoin ETF was launched in January, it is still a strong start to the first day of trading for ETFs. Several of these funds are expected to rank among the 50 most traded US ETFs on the first day of trading in history.