IBT Staff Reporter

15541-15570 (out of 154954)

Hawkish Powell Pushes Yen Past 120 Barrier

The yen fell through the psychological 120 level for the first time since 2016 on Tuesday, after a hawkish speech from Federal Reserve Chair Jerome Powell raised bets on higher U.S.

Yen Slides Through 120 As U.S. Hike Path Steepens

The dollar was buttressed by new bets on U.S. rate hikes on Tuesday, while investors unloaded yen and sent it spearing below the psychological 120 level as the Bank of Japan looks increasingly isolated in its dovish policy stance.

Possibility Of 50 Basis Point Fed Hike Pushes Yen And Euro Down

The dollar rose on Tuesday as Federal Reserve Chair Jerome Powell put the possibility of 50 basis point rate hikes on the table, while the yen fell below the psychological 120 level as the Bank of Japan reiterated its support for ultra-loose monetary policy.

Oil Extends Rally As EU Members Weigh Russian Ban

By Mohi NarayanNEW DELHI - Oil prices extended gains on Tuesday as some European Union members discussed a potential oil embargo on Russia and attacks on Saudi facilities sent jitters through the market.

Oil Slips Below $114 As EU Split On Russian Ban

By Alex LawlerLONDON -Oil slipped below $114 a barrel on Tuesday, giving up some of the previous day's 7% surge, as European Union members disagreed on a potential oil embargo on Russia, although persistent supply risks limited the decline.

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