Shares slipped in New York, with the S&P 500 failing for now to reset its record high. Still, the index rallied 24pc in 2023; the Nasdaq 100 leapt 54pc.
Europe s currencies feel fresh pain as central bank support fades zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Analysis: Europe s currencies feel fresh pain as central bank support fades reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
There's no respite for struggling European currencies as a likely pause in central bank interest-rate rises and a weakening economic outlook puts the focus on prospective rate cuts ahead. The Swiss franc, one of this year's best performing major currencies versus the dollar, fell almost 1% at one point after Switzerland surprised markets by pausing its rate rise cycle. Meanwhile, Thursday's quarter-point rate rise in Sweden failed to provide much respite for the battered Scandinavian currency, which is down over 6% against the greenback so far this year.
There s no respite for
struggling European currencies as a likely pause in central bank
interest-rate rises and a weakening economic outlook puts the
focus on prospective rate cuts ahead. .