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The U.S. Federal Reserve on Thursday kept its benchmark interest rate unchanged, saying the rising uncertainty overseas and low inflation were the key reasons behind the decision. “China is a concern, and oil prices look set to take another leg lower“.

“For emerging-market central bankers, the Fed has given them some much-needed breathing room”, Jonathan Lewis, a principal at New York-based Samson Capital Advisors LLC, said.

Following the conclusion of a closely watched meeting, the Federal Reserve is keeping interest rates at record lows, citing a weak global economy, low inflation and instability in financial markets, APA reports quoting Reuters.

It said the article, authored by Jonathan Laing, “contains factual inaccuracies and selective use of information, and the conclusions he draws are misleading”. The stock market sided with the publication all day as shares closed Monday’s trading session down...

The dollar was around 0.1% higher against Japan’s yen, at Yen120.55.

The USA dollar traded a touch higher against major world currencies, with the euro below $1.14 and the yen at 119.8 yen against the greenback. Investors are concerned with when the interest rate hike could come, as it will be the first in almost a decade following the Great...

The dollar extended its losses against other major currencies on Friday, underscoring investors’ wariness over weakness in the global economy and markets given the Federal Reserve’s decision to keep interest rates unchanged. “Unequivocally, the Fed was on the...

Alibaba, of course, disagreed, and on Sunday followed with a lengthy response, going through Laing’s argument on an nearly point-by-point basis, adding that the story, “lacks three key ingredients – integrity, professionalism, and fair play”. Banking on...

The Federal Reserve’s decision to leave interest rates unchanged as well as its dovish tone are signs that it is time for investors to dump the US dollar in favor of emerging-markets currencies, according to one of Citigroup’s top currency strategists.

The yuan versus the US dollar has substantially depreciated since August, and China still maintains a large trade surplus and its economic fundamentals are still sound, he said. The nation has stepped up monitoring of the currency market and there are no massive capital outflows...

In early US trading, the Dow Jones industrial average fell 10.79 points, or 0.06 per cent, to 16,729.16, the S&P 500 declined 0.2 points, or 0.01 per cent, to 1,995.11 and the Nasdaq Composite shed 8.01 points, or 0.16 percent, to 4,897.24.

The cartel has upped its expectation for oil demand growth this year by 84,000 barrels per day to 1.46 mn bpd, but revised its forecast lower for next year by 50,000 bpd to 1.29 mn bpd.

“We can only assume the violent moves we’ll see if the Fed actually raises rates”, Boockvar said.

The Saudi-led oil cartel said daily crude production outside of OPEC is likely to grow by 160,000 barrels next year, a figure 110,000 barrels lower than its estimate last month, largely because USA oil production is slipping faster than expected.

The use of position limits may be expanded to other contracts if upcoming legislation requires them, the exchange added in a statement. So the Fed needs other tools to influence rates. Markets are also split on what a rate move might mean for markets. He says that the outlook for...