Category: wrap
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ForexLive Asia-Pacific FX news wrap: Massive swings for USD/JPY – intervention then bounce
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USD/JPY as it happened: last: The USD/JPY pair was holding near 157.50 after the US market closed on Wednesday afternoon before interventionary selling hit it hard. It fell from 157.50 dramatically after a large number in very liquid trading over the course of about 20 minutes before finally bouncing from…
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S&P 500 Falls 1% at End of Worst Month in 2024: Markets Wrap
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(Bloomberg) — The stock market got hit after the latest batch of economic data showed a plunge in consumer confidence and persistent wage pressures in the run-up to the Federal Reserve decision. Most Read from Bloomberg Equities remained on pace for their worst month since September on speculation the Fed…