Gold flat as firm dollar, U.S. rate hike dent appeal
September 23rd, 2022 08:27
Many central banks raised their interest rates this week, following the U.S. Federal Reserve in the fight against inflation, which has been sending shockwaves through financial markets and the economy. Euro zone inflation is set to go higher and price growth likely to be more persistent than earlier thought, European Central Bank board member Isabel Schnabel said on Thursday, defending the ECB's plans to raise rates further.
Yen propped up after intervention, dollar powers through
September 23rd, 2022 08:27
The euro, Aussie and kiwi were likewise languishing near fresh lows on Friday in the face of a surging greenback, which has received a boost from a very hawkish Federal Reserve and rising Treasury yields that kept the dollar in demand.
Bonds lead losses as rate hikes hit; yen in focus
September 23rd, 2022 08:27
In regional markets MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5% to a two-year low. It is down 3% this week. Japan's Nikkei was closed for a public holiday marking the autumn equinox.
Flood-hit Pakistan should suspend debt repayments, says UN
September 23rd, 2022 08:27
The memorandum, which the UN Development Programme will share with Pakistan#39;s government this week, states that the country#39;s creditors should consider debt relief so that policymakers can prioritise financing its disaster response over loan repayment, the newspaper said.
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