US stocks hit record highs, dollar pares losses after CPI, Fed decision

The S&P 500 and the Nasdaq scored record closing highs for the third consecutive session on Wednesday and U.S. Treasury yields pared earlier declines as investors weighed a market-pleasing inflation report against lowered interest rate cut expectations. The dollar shed some weakness after the U.S. Federal Reserve concluded its two-day policy meeting by leaving interest rates unchanged, […]

Japan warns against rapid FX moves, reiterates readiness for action

 Japan is always ready to take action against excessive market moves, Tokyo’s top currency diplomat Masato Kanda said on Monday, as the yen fell close to 160 to the dollar, raising market caution about the prospect of fresh intervention. “We won’t comment on day-to-day currency moves as such comments could give the market unforeseen effects, […]