Euro holds near five-year low as potential Fed hike nears

Euro holds near five-year low as potential Fed hike nears

LONDON — The euro held close to a five-year low against the U.S. dollar on Tuesday with the Federal Reserve expected to hike rates this week, while traders wait for European Central Bank President Christine Lagarde to give clues on her monetary policy plans. The Fed has taken an increasingly aggressive approach to monetary policy…

Oil Holds Gain With Hurricane Impact on Supply Still Lingering

Oil Holds Gain With Hurricane Impact on Supply Still Lingering

(Bloomberg) — Oil was steady above $69 a barrel as the slow return of U.S. output halted by Hurricane Ida more than a week ago tightened the market. Futures in New York advanced 1.4% on Wednesday after two straight days of declines. Just over 20% of U.S. Gulf of Mexico oil and natural gas production…

New Zealand holds rates at record low as fresh COVID-19 outbreak stokes uncertainty

New Zealand holds rates at record low as fresh COVID-19 outbreak stokes uncertainty

WELLINGTON — New Zealand’s central bank on Wednesday left interest rates unchanged at a record low of 0.25%, as policymakers quickly shifted gears after the country was put into a snap lockdown following the detection of new coronavirus cases. The economy is running red-hot and a majority of economists polled by Reuters last week had…

China holds benchmark lending rate for 15th straight month

China holds benchmark lending rate for 15th straight month

China holds benchmark lending rate for 15th straight month