Market News

Though China’s dismal PMI readings made headlines across markets, PMI data is coming out elsewhere in the world and impacting currency markets

The US Dollar Index touched a near 2-week peak after the head of the Atlanta branch of the Federal Reserve Bank, said that he believed a rate hike was still on track for the last quarter of 2015.

World markets started off the week mixed. Wall Street rebounded somewhat and Asian markets advanced slightly.

As the divergence among the world’s central banks has been halted, at least for the time being, the beneficiary is the US Dollar.

Who would have believed it? Alexis Tsipris, Greece’s former head of state has proven his worth by returning his Syriza Party back into power.

The Fed failed to raise interest rates at its last meeting and the outlook for a future hike by the end of this year seems dim as well.

The Federal Reserve held firm yesterday, keeping the interest rate that has been in place since 2006 in tack.

Even as the world’s financial markets await a policy decision from the US Federal Reserve Bank, arguably the most important central bank on the globe, other central banks continue to grind on.

By the end of the day, the world will be different. Global economies will have to be readjusted and markets will fluctuate accordingly.

The US Dollar had edged broadly higher earlier, lifted by the rise in yields of US Treasury instruments

Investors are sitting on tendrils as the Federal Reserve meeting takes off today. By the end of the two day session, the world will know whether the proposed interest rate hike will be implemented or will be postponed for some time in the future.

The Japanese central bank earlier made the decision not to further stimulate the economy; Haruhiko Kuroda, the governor of the Bank of Japan, maintained a positive outlook on the country’s economic recovery.

Over the weekend, disappointing economic news from China came out which could weigh on antipodean currencies in the future as investors consider the far reaching impact of a slowdown.

Oil dropped again Friday losing another nearly 3 percent in the past week and down about 50 percent year over year.

Asian shares rose slightly on the last day of the week’s trading, propelled by stocks in Hong Kong which seemed to be heading for their first week of gains in nearly two months.