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West Virginia Senator Joe Manchin recently dealt a blow to the Biden administration with regard to its environmental, aka green agenda, when the Senator said he would vote no on the President's $1.9 trillion Build Back Better initiative. The legislation included items that would shift the US from fo

What is the US Dollar Index? The US Dollar Index (DXY, DX, USDX) measures the value of the United States dollar relative to a basket of other currencies, including the currencies of some of the US’s major trading partners. The Dollar Index rises when the US dollar gains strength compared to the othe

Indian shares are likely to open on a tepid note Friday, mirroring weak global cues amid concerns over the Federal Reserve's continued policy tightening and rising COVID cases in China. A new analysis revealed that China is likely experiencing 1 million COVID infections and 5,000 virus deaths every

Asia Market Update: Markets generally pare gains during the final trading session of 2022; JGB yields drop, more BOJ emergency bond purchases seen. General trend - USD/JPY extends decline. - China official PMI data is due on Saturday [post US close]. Headlines/economic data Australia/New Zealand - A

Asia Market Update: Equities decline; Focal points include higher bond yields and corporate earnings; BOJ stepped up bond purchases. General trend - Commodity currencies lag amid equity declines and AU jobs data. - Quiet session seen for USD/JPY. - Hang Seng hit 2009 lows. - Tencent traded at 52-wee