The New Zealand dollar declined as much as 0.67% earlier but has recovered. In the European session, NZD/USD is trading at 0.5969, up 0.04% on the day. RBNZ's Hawkesby Sees Weaker Growth, Lower...
Gold Slips After FOMC Meeting Minutes The gold (XAU/USD) price fell by 0.4% on Wednesday after the Federal Reserve's (Fed) May Meeting Minutes release. The report highlighted policymakers’ growing...
The Conference Board’s consumer confidence index surged from 85.7 to 98.0. Such was the largest one-month increase since 2009! Clearly, progress on trade deals and the delay in implementing tariffs...
A US federal court blocks Trump’s tariff decisions Dollar and US stocks jump on court decision, but rally already fading Risk of Trump dropping his recent congenial stance Gold attempts to climb...
In imposing his tariffs in early April, President Donald Trump called the trade deficit a national emergency that justified his doing so. Last evening, the Manhattan-based Court of International...
Yesterday, FHFA director Bill Pulte gave an interview on CNBC that either clarified or confused things more on Fannie and Freddie. He made a point to say that they aren’t privatizing them. They are...
I was planning to write today about why a 4.5%-5.0% nominal Treasury rate is not only not the end of the world, but actually sort of normal. Naturally, the reason I am even thinking about the topic...
Stocks Edge Higher After Strong Gains Yesterday U.S. stocks are heading for a modestly higher open as investors await the latest results from AI bellwether NVIDIA Corporation (NASDAQ:NVDA)and the...
US dollar extends rebound, yen edges up too as bond yields creep up again But stocks mixed amid persisting worries about US economy and debt Kiwi up after RBNZ signals end of rate cuts, oil eyes...
A reader of our Daily Commentary asked how we measure corporate credit spreads in light of the Moody’s downgrade of the USA credit rating. Specifically, “Without having an AAA benchmark to calculate...