The dollar held the yen near a two-week low, as growing expectations the U.S. Federal Reserve will keep rates higher for longer had the greenback and U.S...
TOKYO - The dollar held the yen near a two-week low, as growing expectations the U.S. Federal Reserve will keep rates higher for longer had the greenback and U.S. Treasury yields on the rise overnight and markets awaited a speech by Fed Chair Powell.
The dollar index, which measures the dollar against a basket of currencies, held steady near Wednesday's high of 106.63 in the Asian morning. Federal Reserve policymakers are signaling a pause in hiking interest rages for another couple months as they wait for a resolution of mixed signals, including strong economic data and signs of progress on still-stubbornly high inflation."I think it highly likely the Fed Chair will reinforce the more cautious commentary heard from Fed speakers over the past week and half," said Sycamore.
Japanese 10-year government bond yields rose to a fresh decade high of 0.815% on Wednesday, prompting the Bank of Japan to announce $2 billion in emergency bond-buying to keep downward pressure on yields.Elsewhere, the Australian dollar fell around 0.3% versus the greenback to $0.6319, while the kiwi was down nearly 0.2% at $0.5847.
With the economy still a major concern for investors, here are three top Canadian utility stocks with dividends that outpace inflation. The post 3 Canadian Utility Stocks With Dividends That Beat Inflation appeared first on The Motley Fool Canada.MONTREAL — Air Canada's share price hit a one-year low on Wednesday as the airline navigates higher fuel costs, competition and interest rates. The company's stock slipped 3.49 per cent to close at $17.13, marking its lowest price since Oct.
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