TD warns U.S. dollar set to drop as market misprices Fed rate risk

The U.S. dollar will weaken if the Federal Reserve leaves interest rates unchanged this week, according to TD Securities.

The U.S. dollar will weaken if the Federal Reserve leaves interest rates unchanged this week, according to TD Securities.
Hermès plunges 10% as EPS miss overshadows operating profit beat
Taylor Farms is facing a fast-moving public health crisis, and communications veterans say its latest messaging has muddied an already confusing situation. The major food supplier said Sunday that the FDA had retracted a positive cyclospora test involving its lettuce, calling it a false positive. The cyclospora parasite has sickened thousands of people across the…
“In the initial stages, 60% of the borrowers were defaulting on their trials,” she said. “Across our network, which I think is a pretty good sampling, we saw about 60% of these people failing because these were the steady people that just kept re-hopping on. They would make one payment, sometimes none, and get another…
UK inflation fell by more than expected in June to 2.6%, the the latest consumer prices index (CPI) data from the Office for National Statistics (ONS) reveals. The data shows transport, food and non-alcoholic beverages made the largest downward contributions to the monthly change. Today’s figures comes after inflation held steady and below forecasts at…
Speaker Menin and more than a dozen other members of the City Council want to get to the bottom of the Mitchell-Lama cost conundrum. A hearing on affordability across an aging tranche of subsidized housing drew pointed questions from Council members to Housing Preservation and Development Department officials overseeing a portion of the city’s Mitchell-Lama…
(Bloomberg) — Russell Investments is being acquired by a group of investors led by the venture firm B Capital Group and California Public Employees’ Retirement System in a bid to ready the 90-year-old asset manager for the AI era. The consortium was organized by B Capital, which was co-founded by billionaire Eduardo Saverin and former…