Both oil (BZ=F, CL=F) and gold (GC=F) prices fell early Monday as the dollar index (DX=F, DX-Y.NYB) rose on expectations the Federal Reserve will not cut rates in March. Yahoo Finance's Ines Ferré breaks down the latest action in the commodity markets. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Stephanie Mikulich
Seems like the Santa Claus rally that was leading the charge at the end of 2023 has ended. Markets closed in the red on Wednesday with the once skyrocketing tech sector (XLK) down 0.32%. Ten-year Treasury bond yields (^TNX) have begun rise, putting even more pressure on stocks. Yahoo Finance's Jared Blikre joins the Live show to break down the recent developments with the market and what it could mean going forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
The US dollar has faced competing pressures, propelled in markets as a result of high-interest rates prompting inflows, yet also declining as belief grows that the Fed is done with its monetary tightening cycle. The dollar's strength was spurred by aggressive Fed policy which impacted many emerging market currencies, but with the Fed potentially pausing hikes now, some experts see room for recovery in battered currencies like Argentina's peso. Argentina faces immense economic hurdles with 143% inflation, negative foreign reserves, and the possibility of a recession. Yet hopes have pinned on newly elected President Javier Milei to lead a turnaround. A key part of his plan is shifting Argentina to use the US dollar as opposed to the peso. By eliminating the peso and adopting the U.S. dollar instead, Milei aims to tame inflation pressures and stabilize Argentina's economy. Yahoo Finance's Jared Blikre breaks down the details of the US dollar, providing insights into global currencies and stock markets that have benefited or been impacted by the dollar. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.