Ritvik Carvalho
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Dollar dips, off three-and-a-half month highs as Treasury yields stabilize

Dollar dips, off three-and-a-half month highs as Treasury yields stabilize

By New York (Reuters) - The dollar on Tuesday backed off its 3-1/2-month high as U.S. Treasury yields stabilized ahead of key inflation data and Treasury auctions this week, boosting riskier currencies such as the pound, Australian dollar and Kiwi dollar.The save-haven dollar was 0.46% lower, at 91.95, against a basket of six major currencies, after hitting a 3-1/2-month high of 92.506 during Asian trading hours.U.S. 10-year Treasury bond yields eased to 1.544% after reaching 1.613% on Monday, close to its 13-month high. Yields had been rising on expectations that a faster-than-expected...

March 9, 2021
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'Blue wave' U.S. election expectations trigger green stocks frenzy

'Blue wave' U.S. election expectations trigger green stocks frenzy

By LONDON (Reuters) - Growing expectations of a strong Democratic victory in U.S. elections have prompted investors to snap up renewable energy stocks, amplifying a recent rush seen after the European Union’s fiscal splurge earmarked for green investments.Investors are acting on expectations of trillions in fiscal spending over the next few years, triggering a “green wave” of investment that is drawing comparisons to the blistering rally in technology stocks.While President Donald Trump is taking the United States out of the Paris climate accord aimed at combating climate change, Democrat...

October 13, 2020
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