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Indonesian Rupiah holds losses as US Dollar receives support from Fed hike bets
USD/IDR inches lower after opening at a bullish gap, remaining in the positive territory and trading around 18,000 during the Asian hours on Friday. The pair holds gains as the US Dollar (USD) finds support from growing expectations of a Federal Reserve (Fed) rate hike.Fxstreet
Fri, Jun 26
Asian stock markets plummet as Apple price hike raises inflation concerns, KOSPI dives over 8%
Asian equity markets on Friday are significantly down as price hikes announced by Apple Inc. due to memory chip shortages have prompted fears of high inflation globally and concerns on earning projections of various companies that rely on these sophisticated chips for their final products.Fxstreet
Fri, Jun 26
Fed’s Williams: “Imperative” to return inflation to 2% target
Federal Reserve (Fed) Bank of New York President John Williams said in a speech released by text on Thursday that monetary policy remains “well positioned” for the current economy, while warning that inflation may take longer to return to the Fed’s 2% target than previously expected.Fxstreet
Thu, Jun 25
Fed’s Goolsbee: “Inflation side of mandate is clearly the problem”
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said on Thursday that inflation remains the central challenge for policymakers, warning that price pressure is still moving in the wrong direction despite some signs of improvement in services.Fxstreet
Thu, Jun 25
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Nasdaq Drops Over 5%, Philadelphia Semiconductor Index Plunges 12% as Chip and AI Infrastructure Stocks Are Sold Off; Micron Falls 17%, Nvidia Drops 9%
US Stocks Tumble as Nasdaq Drops Over 4%; Micron Plunges Over 12% on Fears Slowing AI Data Center Expansion Will Dent Infrastructure Demand
Today’s Market Recap: Nasdaq Falls Over 5%, AI Stocks Plunge as Nvidia Drops Over 9%, Micron Falls Over 17%, SanDisk Drops Over 22%
US October Nonfarm Payrolls Preview: Can Employment Rebound? US Stocks, Dollar and Gold Face Key Test
US Nonfarm Payrolls expected to pick up in October
