The US dollar, fuelled by a combination of aggressive Federal Reserve monetary policy and haven buying, is trading near its strongest level in decades, steamrolling currencies from Hungary to New Zealand.
High on that list are the surge in inflation, risks to energy supplies and the deterioration of so-called peripheral bond markets, such as Italy’s, whose issues are being exacerbated byThese problems underpinned the central bank’s decision on Thursday to raise its benchmark rate by half a percentage point – its first increase in a decade – and provide further details about its newest bond-market instrument, which is aimed at preventing a splintering of the euro area.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Mario Draghi Saved the Euro, But Italian Politics Beat HimMario Draghi managed to keep the euro together at the height of the sovereign-debt crisis but he failed to keep Italian political parties in line -- just as the euro-zone grapples with a new energy and inflation crisis.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Cartoon Thursday with RicoDefend Truth
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: CPI races to June 13-year high, on sizzling food and fuel pricesA rate hike is imminent. South Africa's Consumer Price Index (CPI) charged to a 13-year high. The data, released on the eve of the next interest rate decision, leaves no doubt that a hike of at least 50 basis points is on the cards. All thank's to the thieving ANC!
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Sunak Faces Truss in UK Run-Off to Succeed Boris JohnsonLiz Truss ousted Penny Mordaunt in the race to be Conservative leader and the UK’s next prime minister, pitching the foreign secretary into a final run-off against former Chancellor of the Exchequer Rishi Sunak.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Two More African Nations Fall Into Distress as Debt Risks RiseAngolan and Gabonese sovereign bonds are trading at distressed levels, raising the number of emerging-market nations at risk of default to a record. South African is next online
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: TikTok owner spends record $2.14 million on US lobbyingThe video-streaming sensation has been the object of increasing scrutiny from lawmakers and officials who have expressed concerns in recent months over the data privacy granted to US users and whether their personal information can be accessed by the Chinese government.
Source: dailymaverick - 🏆 3. / 84 Read more »