Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to break down the latest market moves.
Yahoo Finance's Jared Blikre joins Alexis Christoforous from the floor of the New York Stock Exchange to break down the latest market moves.
Investing.com - The dollar was little changed, while the Japanese yen slipped on Wednesday after climbing overnight following reports that U.S. President Donald Trump’s longtime lawyer Michael Cohen admitted to making illegal payments and committed other crimes to influence the 2016 election.
Bitcoin prices are marginally lower Tuesday and are looking at consecutive subdued sessions as investors look for the next catalyst to drive sentiment in the cryptocurrency market.
Trump’s complaints about Fed policies continue to rattle investors, sending the dollar lower for a fifth session.
The U.S. fell against other currencies on Tuesday, as comments from U.S. President Donald Trump on the Fed increasing interest rates weighed on the greenback. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, decreased 0.20% to 95.49 as of 11:20 AM ET (15:20 GMT). Trump said in an interview with Reuters on Monday that he was "not thrilled" with Fed Chairman Jerome Powell for raising rates and added that the Fed should do more to help him to boost the economy.
Investing.com - Gold prices traded higher on Tuesday as U.S. President Donald Trump’s critique of the Federal Reserve led to a softer dollar, upping the demand of foreign currency holders for the dollar-denominated asset.
The S&P 500 rose 7 points, or 0.27%, to 2,864.78 as of 9:40 AM ET (13:40 GMT), while the Dow increased 60 points, or 0.23%, to 25,819.15 and the tech-heavy Nasdaq Composite rose 24 points, or 0.31% to 7,845.25.
Cryptocurrencies overall were down, with the coin market cap of total market capitalization was at $210 billion at the time of writing compared to $212 billion on Monday.
The USD continues the decline it started last week; the pressure on the American currency is increasing. By Tuesday, August 21st, EURUSD has moved up to two-week highs and this tendency may go on.