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Original OpenBook briefings on currencies, central banks, inflation and bond yields, based on public market reporting. Follow an instrument on its market page.
Strong US October payrolls pushed December Fed hike odds near 77% and lifted the dollar.
US equities sold off hard on AI fears. See how the yen, dollar, Treasuries and gold reacted, and why Friday’s payrolls report matters for Fed hike odds.
Strategist cites 1980s bipartisan cooperation as a model for a potential bull market rally.
The US dollar fell to a one-month low as Democrats won both houses of Congress.
The RBA raised rates to 4.85%, an 18-year high, but a split 6-3 vote and softer guidance pushed the Australian dollar lower.
The U.S. economy expanded at its fastest clip in over five years during the third quarter, according to the Commerce Department’s initial reading on GDP.
Australia and the UK are expected to raise rates this week, and US payrolls close it out.
Dallas Fed official Lorie Logan forecasts at least 50 basis points of future rate hikes, hinting at tightening policy beyond the current pause.
A church holding $1.5M in a 3.75% bank account questions inflation impact and explores alternative investment options.
ServiceNow's earnings fell short, pushing shares down despite higher AI deal volume.
Moody’s will reassess France’s sovereign debt rating, a move that may influence U.S.
UK inflation rose in September, driven by higher petrol and diesel prices, impacting consumer spending and currency markets.
