Tue Apr 5, 2016/Reuters By Nigel Stephenson The dollar fell on Tuesday to its weakest against the yen since October 2014 as investors pulled away from riskier assets, pushing shares and oil prices lower as the outlook for U.S. interest rates remained clouded. The Japanese currency, often sought in times […]
Tag: Janet Yellen
Wall Street rises as Yellen pleases investors
Tue Mar 29, 2016/Reuters By Noel Randewich The S&P 500 lifted into positive territory on Tuesday after Federal Reserve Chair Janet Yellen said the central bank should proceed “cautiously” on raising interest rates – music to Wall Street’s ears. In her first comments since the Fed held steady on rates […]
Wall Street gains as factory data shines amid oil gloom
Thu Feb 25, 2016/Reuters By Abhiram Nandakumar Wall Street was little changed in choppy trading on Thursday, breaking away from sliding oil prices, as strong U.S. durable goods data pointed to a recovery in the struggling manufacturing sector. Orders for U.S. durable goods rose more than expected in January, as […]
