The US dollar plunged to a three-year low on Monday following a fresh wave of criticism from President Donald Trump targeting Federal Reserve Chair Jerome Powell, raising concerns over the central bank’s independence and denting investor confidence in the US economy. The dollar index, which measures the greenback against a basket of major currencies, fell…
Asian markets traded mostly higher on Thursday, while US stock market ended sharply lower overnight amid concerns over economic growth. While Japanese and South Korean markets traded higher, Hong Kong markets are likely to open on a weak note. Investor sentiment dampened after US Federal Reserve Chair Jerome Powell cautioned that US President Donald Trump’s…
US Fed Policy: The US Federal Reserve is all set to announce its monetary policy decision on March 19, after a two-day review meeting to deliberate on the central bank’s benchmark interest rate and the state of the US economy. This is the second policy verdict by US Fed Chair Jerome Powell-led Federal Open Market…