AUD/USD slips back to test key near-term levels after early advance falters

AUD/USD trades down by 0.5% to 0.7620 levels currently Invest in yourself. See our forex education hub. Commodity currencies are among the laggards today and the aussie’s decline on the session puts it at the bottom of the pile in the major currencies space. There isn’t much of a clear catalyst with Treasury yields keeping […]

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Bank of America profit falls as consumer banking business falters

© Reuters. A man walks past a Bank of America sign in New York (Reuters) – Bank of America Corp (NYSE:) posted a drop in fourth-quarter profit on Tuesday as historically low interest rates hurt its consumer banking business. Net income applicable to common shareholders fell to $ 5.21 billion, or 59 cents per share, […]

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Dollar rebound falters as Fed’s Powell strikes dovish tone

2/2 © Reuters. FILE PHOTO: U.S. dollar notes are seen in this picture illustration 2/2 By Kevin Buckland TOKYO (Reuters) – The dollar’s rebound from a near three-year low faltered on Friday after U.S. Federal Reserve Chair Jerome Powell said interest rates would not rise any time soon. The release of details of President-elect Joe […]

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Asia stocks under pressure as vaccine rally falters

© Reuters. By Chris Prentice WASHINGTON (Reuters) – Asia stocks are likely to come under pressure on Wednesday, tracking declines on Wall Street while gold prices were buoyed by safe-haven demand as economic indicators pointed to more signs of recession. Hong Kong futures fell 0.23% and Australian shares were set to open lower, tracking U.S. […]

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Asia stocks tread water as China PMI in focus; sterling falters

© Reuters. People are seen in front of an electronic board showing stock prices outside a brokerage at a business district in Tokyo HONG KONG (Reuters) – Asian stocks were steady in a cautious start on Wednesday after a weak session on Wall Street, while the sterling stumbled as a new poll found British Prime […]

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