George Lei

Oct 31, 2024 | yahoo.com | Anya Andrianova |Carter Johnson |George Lei

(Bloomberg) -- The US dollar posted its biggest monthly gain in more than two years as a resilient economy prompts traders to dial back expectations for how quickly the Federal Reserve will lower interest rates. Most Read from BloombergThe Bloomberg Dollar Spot Index advanced nearly 3% in October, the most since September 2022. The move was driven by a sharp jump in Treasury yields, which gave investors incentive to shift cash into the US.

Oct 31, 2024 | nz.news.yahoo.com | Anya Andrianova |Carter Johnson |George Lei

(Bloomberg) -- The US dollar posted its biggest monthly gain in more than two years as a resilient economy prompts traders to dial back expectations for how quickly the Federal Reserve will lower interest rates. Most Read from BloombergIs Denver’s Big Bet on E-Bikes Paying Off? The Answer To Making Cities More Family-Friendly?

Oct 31, 2024 | bloomberg.com | Anya Andrianova |Carter Johnson |George Lei

The US dollar posted its biggest monthly gain in more than two years as a resilient economy prompts traders to dial back expectations for how quickly the Federal Reserve will lower interest rates. The Bloomberg Dollar Spot Index advanced nearly 3% in October, the most since September 2022. The move was driven by a sharp jump in Treasury yields, which gave investors incentive to shift cash into the US.

Oct 30, 2024 | bloomberg.com | Carter Johnson |George Lei |Anya Andrianova

The price to hedge against swings in the US dollar surged to the highest in nearly two years as traders prepare for the risk of big market moves after next week’s presidential election. A measure of one-week implied volatility on the Bloomberg Dollar Spot Index rose on Wednesday to the highest since December 2022, when recession fears briefly raced through financial markets.

Oct 30, 2024 | flipboard.com | Carter Johnson |George Lei |Anya Andrianova

1 hour agoMore than a billion dollars has been bet on the presidential election on the website Polymarket. But new research says the site is flooded with what’s known as “wash trading,” and that’s making the platform seem more popular than it is. Bitcoin's rise is predicting a Donald Trump election victory, …