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Opinion: How Trump plans to win the presidency
  + stars: | 2024-04-12 | by ( Julian Zelizer | ) edition.cnn.com   time to read: +6 min
A potentially successful multi-prong strategy with electoral, media, legal, legislative and third-party intervention appears to be in place. Julian Zelizer Larry LevantiWhile 2020 was about subverting the Electoral College, Trump has been trying to work the rules to his advantage in 2024. These tactics build on the ways that Trump’s campaign had moved to shift primary rules to favor him. Trump is also working the 24-hour cable news and social media ecosystem to his advantage. When a bipartisan group of senators pushed a right-of-center immigration and foreign aid bill, Trump rallied his House minions to subvert passage.
Persons: Julian Zelizer, Donald Trump, Julian Zelizer Larry Levanti, Trump, Joe Biden, , Biden, MAGA, Marjorie Taylor Greene, Greene, Mike Johnson, Robert Kennedy Jr, Jill, Timothy Mellon — Organizations: CNN, Princeton University, New York Times, America, Twitter, Electoral College, Republicans, GOP, MAGA Republicans, FISA, Green, The New York Times, Inc, Cornel Locations: In Nebraska, New York, Trump’s, Ukraine
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRisk of yen intervention is 'relatively small,' says financial services firmJesper Koll, expert director at Monex Group, says there may be verbal intervention, but actual yen intervention would require the currency to hit 160 to 165 levels against the dollar.
Persons: Jesper Koll Organizations: Monex
CNN —Once considered among the most promising economies in Southeast Asia with a growing middle class, Myanmar is now suffering from soaring levels of poverty as a devastating civil war drives tens of millions further into destitution, according to a new United Nations report. Poverty has not only doubled but people are also more deeply poor, the report found. Wignaraja said Myanmar’s middle class is “literally disappearing.”“A 50% collapse of the middle class over two and a half years is quite astounding for this country, but for any country,” she said. The value of Myanmar’s local currency, the kyat, has plummeted, along with rising costs for food and other basic necessities. “We call on all stakeholders — inside and outside Myanmar — to take action and preserve vulnerable households from slipping into irreversible poverty and despair.”
Persons: Aung, Suu Kyi, , Kanni Wignaraja, Wignaraja, Achim Steiner Organizations: CNN, United Nations, UN Development Program, UNDP, Asian Development Bank, Bank, Asia Locations: Southeast Asia, Myanmar, destitution, Suu, Yangon, Mandalay
Even as Russian bombs pound Ukraine, Moscow's mercenaries and spies are busy trying to set much of the rest of the world afire. To Russia, the conventional warfare waged in Ukraine, and unconventional "gray zone" warfare waged around the world, are two sides of the same coin. Human intelligence operations are used to attempt elite capture through the offer of assistance to politicians who support Russian interests. "As the war in Ukraine protracts, Russia has an interest in creating crises further afield," said RUSI. "As a lot of Russia's unconventional operations are self-defeating, countering Russian unconventional warfare must be premised on careful, selective, and intelligence- driven targeting," the study emphasized.
Persons: , RUSI, Vladimir Putin, Jack Watling, Oleksandr Danylyuk, Nick Reynolds, Britain —, Yevgeny Prigozhin, Putin, Ramzan Kadyrov, Kadyrov, Michael Peck Organizations: Service, Britain's Royal United Services Institute, Business, Kremlin, Soviet Union, NATO, Directorate, Staff of, Armed Forces, Getty, Russian, Central African, Wagner, GRU Expeditionary Corps, Convoy, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Ukraine, Russia, Europe, Africa, Central Asia, Soviet, Montenegro, Moscow, Moldova, Russian, Britain, Ukraine protracts, Balkans, Russia's, Libya, Mali, Sudan, Central African Republic, Chechnya, Forbes
CNN —Ukraine’s parliament has scrapped plans to give soldiers who have spent prolonged periods fighting on the frontlines the chance to return home on rotation, after passing a draft law seeking to boost the number of soldiers in its military. The draft law passed Thursday with 283 votes in favor, including a raft of measures aimed at providing a desperately needed boost for Ukraine’s military. Dozens of wives and relatives of servicemen gathered outside Ukraine’s parliament Thursday to protest the passing of the draft law, demanding that demobilization deadlines be included. Libkos/Getty ImagesThe issue of mobilization has bedeviled Ukrainian lawmakers for months, as the needs of its military clash with political constraints. It is not clear when the draft law passed Thursday will receive presidential approval.
Persons: CNN —, Rustem Umerov, Oleksandr Syrskyi, Chris Cavoli, Anastasia Bulba, Vitalii, , , Young, Libkos, Zaluzhnyi, Ukraine “, ” Zaluzhnyi, Volodymyr Zelensky, Zelensky Organizations: CNN, Defense, European Command Locations: Ukraine, Kharkiv, Odesa, Lviv, Zaporizhzhia, Kyiv, Ukraine’s, Russia
Dollar firms, yen skids as Fed cut wagers crumble
  + stars: | 2024-04-11 | by ( ) www.cnbc.com   time to read: +4 min
U.S. one hundred dollar bills are being shown in this picture illustration taken in Buenos Aires, Argentina, on Dec. 15, 2023. Japan intervened in the currency market three times in 2022 as the yen slid toward what was then a 32-year low of 152 to the dollar. The Japanese central bank last month ended eight years of negative interest rates but yen has remained rooted near 151 per dollar levels since then. The euro was last at $1.0744, having dropped 1% on Wednesday ahead of the European Central Bank, or ECB, meeting later in the day. The Australian dollar was little changed at $0.651, while the New Zealand dollar eased 0.17% to $0.598.
Persons: Masato Kanda, Kyle Rodda, Rodda, Kazuo Ueda, Kevin Cummins, Sterling Organizations: Fed, Reuters, Bank of, Bank of Japan, Federal Reserve, U.S, NatWest, Treasury, European Central Bank, ECB, New Zealand Locations: Buenos Aires, Argentina, Tokyo, Japan, Bank of Japan, U.S
Former U.S. President Donald Trump speaks from the hallway outside a courtroom where he is attending a hearing in his criminal case on charges stemming from hush money paid to a porn star, in New York City on March 25, 2024. Michael Cohen, former attorney for Donald Trump, arrives to the New York Courthouse on March 13, 2023. In 2018, Cohen pleaded guilty to campaign finance charges related to hush money payments made to two women before the 2016 election. Trump has voluntarily attended numerous hearings in the hush money case and his other criminal cases, generating waves of mainstream media attention that his regular campaign events no longer muster. Former U.S. President Donald Trump sits with his lawyer Susan Necheles in the courtroom at a hearing in his criminal case on charges stemming from hush money paid to a porn star, in New York City on March 25, 2024.
Persons: Donald Trump, Brendan Mcdermid, Reuters Donald Trump, Trump, Stormy Daniels, Attorney Alvin Bragg, Jane Rosenberg, Reuters Trump, Michael Cohen, Eduardo Munoz, Trump's, Cohen, Daniels, Bragg, Karen McDougal, David Pecker, Juan Merchan, Will Trump, Eric Trump, Angela Weiss, Judge Merchan, , Norm Eisen, Eisen, Reuters Cohen, McDougal, Bradley Smith, Susan Necheles, Reuters Trump's Organizations: U.S, Reuters, Manhattan, Attorney, New, DA, Reuters Central, Trump, Trump Organization, National Enquirer, American Media Inc, Former U.S, Manhattan Criminal, Eric Trump Via Reuters, Trump Media & Technology Group, Manhattan Federal, AFP, Getty, Democrats, Court, NBC, Federal, Commission Locations: New York City, New York, Manhattan, Lago, Palm Beach , Florida
Yen feels the heat as U.S. Treasury yields climb
  + stars: | 2024-04-09 | by ( ) www.cnbc.com   time to read: +3 min
The greenback added 0.03% to 151.87 yen , holding near a 34-year high of 151.975 yen hit last month as Japanese officials continued to ramp up their jawboning efforts in a bid to defend the currency. The threat of intervention from Tokyo has kept the dollar from breaching the closely-watched 152 yen level, even as U.S. Treasury yields — which the dollar/yen pair tends to closely track — climb. Sterling tacked on 0.04% to $1.2658, while the euro steadied at $1.0860, holding near a two-week high. Despite a rise in U.S. Treasury yields the dollar has failed to draw meaningful support as traders reassess their expectations of the pace and scale of Federal Reserve rate cuts priced in by markets for later this year. That's come even as the two-year Treasury yield rose to an over four-month high of 4.8010% on Tuesday, while the benchmark 10-year yield likewise held near an over four-month peak and last stood at 4.4278%.
Persons: Shunichi Suzuki, Ryota Abe, Sterling, That's, It's, Ray Attrill Organizations: Treasury, Finance, SMBC, New Zealand, National Australia Bank Locations: U.S, Tokyo, United States
Jonathan Majors got a no-jail sentence for a fight last year with his then-girlfriend. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe former Marvel star Jonathan Majors was sentenced Monday to attend a 52-week domestic-violence program in lieu of jail for a violent fight in New York City's Chinatown last year with his then-girlfriend. If he fails to attend the program and continue therapy, Majors, a Los Angeles resident, faces up to a year in a New York jail. She dabbed at both her eyes with her fingers when the judge said he would not be sending Majors to jail.
Persons: Jonathan Majors, Grace Jabbari, , Jabbari, Michael Gaffey, Majors, Priya Chaudhry, Meagan, Kang, Chaudhry Organizations: Service, Marvel, ABC News, Jabbari, Majors Locations: Los Angeles, New York, Chinatown, London
“It follows that any sex-change intervention, as a rule, risks threatening the unique dignity the person has received from the moment of conception,” it adds. The latest Vatican document identifies various “violations” to human dignity, including in the digital world, pointing to the trends where people’s personal lives are laid bare and “combed over” anonymously. “There is a widespread notion that euthanasia or assisted suicide is somehow consistent with respect for the dignity of the human person,” the document states. He also pointed out that church opposition to abortion is not down to “fanaticism” but a consistent defense of the human person. He pointed out that the new document lists violence against women before abortion in its list of violations against human dignity.
Persons: Pope Francis, , Francis, , Cardinal Victor Manuel Fernández –, ” Francis DeBernardo, ” Pope Francis, Cardinal Fernández, Cardinal Fernández’s Organizations: CNN, New Ways Ministry Locations: Torvaianica, Rome, Vatican, Africa
The Vatican on Monday issued a new document approved by Pope Francis stating that the church believes that gender fluidity and transition surgery, as well as surrogacy, amount to affronts to human dignity. The sex a person is assigned at birth, the document argued, was an “irrevocable gift” from God and “any sex-change intervention, as a rule, risks threatening the unique dignity the person has received from the moment of conception.” People who desire “a personal self-determination, as gender theory prescribes,” risk succumbing “to the age-old temptation to make oneself God.”Regarding surrogacy, the document unequivocally stated the Roman Catholic Church’s opposition, whether the woman carrying a baby “is coerced into it or chooses to subject herself to it freely.” Surrogacy makes the child “a mere means subservient to the arbitrary gain or desire of others,” the Vatican said in the document, which also opposed in vitro fertilization. The document was intended as a broad statement of the church’s view on human dignity, including the exploitation of the poor, migrants, women and vulnerable people. The Vatican acknowledged that it was touching on difficult issues, but said that in a time of great tumult, it was essential, and it hoped beneficial, for the church to restate its teachings on the centrality of human dignity.
Persons: Pope Francis, Organizations: Catholic, Vatican
CNN —A team of rescuers are working to save an orca calf that has been stranded for nearly two weeks in a remote lagoon on Vancouver Island, off the west coast of Canada. Cottrell explained crews have tried multiple methods to get the calf to leave the lagoon on its own, including “acoustic playbacks” – playing the sounds of other orca whales. Moving the orca calf “will require a lot of patience as well as cooperation from the whale,” Bay Cetology added. This isn’t the first time officials in Canada have strategized to rescue a solitary and stranded orca calf. In 2002, an orca calf who came to be named Springer was spotted alone in Puget Sound, prompting an extensive capture and relocation effort.
Persons: CNN —, ” Paul Cottrell, Cottrell, , Simon John said, Hunter ”, John, , ” Cottrell, “ We’re, , Orcas –, Springer Organizations: CNN, Fisheries, Oceans, National Oceanic, Atmospheric Administration, NOAA, Puget Sound Locations: Vancouver, Canada, Oceans Canada, Esperanza, Zeballos
CNN —A rift between Mexico and Ecuador is growing, with a series of diplomatic provocations this week that culminated in Ecuador rejecting Mexico’s ambassador to the country, and Mexico announcing that it would offer asylum to a wanted Ecuadorean politician. Mexican Ambassador Raquel Serur Smeke was declared “persona non grata” in Ecuador on Thursday after Mexico’s President Andres Manuel Lopez Obrador appeared to criticize Ecuador’s recent elections. Ecuador’s 2023 run-off vote took place in a “very strange” manner, Lopez Obrador said, suggesting that presidential candidates used the media, candidate Fernando Villavicencio’s assassination, and overall violence in their favor while campaigning. In a statement posted on X, Ecuador’s Foreign Ministry called Lopez Obrador’s comments “unfortunate” and said the country is still mourning Villavicencio’s assassination. It also reiterated its focus on ensuring “respect for the dignity and sovereignty of the Ecuadorian State” and “non-intervention in the internal affairs of other States.”President Andres Manuel Lopez Obrador is speaking at the morning conference in front of reporters at the National Palace in Mexico City, Mexico, on April 3, 2024.
Persons: Raquel Serur Smeke, Andres Manuel Lopez Obrador, Ecuador’s, Lopez Obrador, Fernando Villavicencio’s, Lopez, Villavicencio’s, Solrac Santiago, Jorge David Glas Espinel, Gabriela Sommerfield, ” Glas, Rafael Correa, Glas Organizations: CNN, Ministry, Ecuadorian State, Mexican Foreign Ministry, Ecuador’s, Reuters Locations: Mexico, Ecuador, Mexican, Mexico City, Quito
Elon Musk, Chief Executive Officer of Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France, June 16, 2023. Musk shared the reveal date on Friday after Reuters reported that plans for Tesla's highly anticipated low-cost car model had been scrapped. In 2015, Elon Musk told shareholders that Tesla's cars would achieve "full autonomy" within three years. Tesla still has yet to deliver a robotaxi, autonomous vehicle or technology that can turn its cars into "level 3" automated vehicles. On Friday, Apple shuttered its self-driving unit and laid off about 600 people on Friday who had been associated with the project.
Persons: Elon Musk, Porte, Tesla, Musk, FSD, Waymo, Uber, Cruise's, Leswing Organizations: Twitter, Viva Technology, Porte de, Reuters, Tesla, Companies, Wayve, Apple, Cruise Locations: Paris, France, Phoenix, San Francisco, Los Angeles, Austin , Texas, Arizona, China, Guangzhou, U.S
But Musk, on a Friday afternoon, when companies tend to bury news, announced on X that Tesla would unveil its robotaxi on August 8. “Tesla Robotaxi unveil on 8/8,” the Tesla CEO (and owner of X) posted. Musk has said in the past that Tesla will make a car without controls for a human to use. Musk has said the system will one day make Tesla cars incredibly valuable. Cruise has paused its testing work after one of its self-driving cars hit and dragged a pedestrian.
Persons: CNN — Elon Musk, Tesla, “ Tesla, Musk, ” Musk, , Kelly Funkhouser, she’s, “ You’re, , Cruise, Waymo Organizations: CNN, Tesla, Consumer, Department of Justice
McDonald's plans to buy back all 225 of its restaurants in Israel from its long-standing franchisee. Israeli stores stridently back the Israeli military, which sparked boycotts in other markets. It highlights a flaw in the global franchise model, where local strategies can become a liability. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMcDonald's announced on Thursday that it would buy back all 225 franchise restaurants in Israel, taking direct control.
Persons: , McDonald's Organizations: Service, Alonyal, Business Locations: Israel, Gaza
Mass protests are taking place in Israel, and even its closest global allies are turning critical. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Instead, it's demonstrations by Israel's ultra-Orthodox Jews, fearful of mandatory conscription that they have long avoided, who may pose the biggest risk to Netanyahu's already fragile grip on power. AdvertisementTo prevent his downfall, and continue Israel's course in Gaza, Netanyahu has only one job: keeping his far-right coalition government intact. A Netanyahu ouster would undoubtedly have huge consequences for Israel's operations in Gaza and could prove more decisive than any outside intervention.
Persons: , Benjamin Netanyahu, it's, Netanyahu, He's, Joe Biden, Antony Blinken, they've, Yoav Gallant, Benny Gantz, Gantz Organizations: Service, Israel's, Israel Democracy Institute, Israel Defense Forces, IDF, Yeshiva, Justice, Netanyahu's Likud Locations: Israel, Gaza, Jerusalem, Tel Aviv, Netanyahu's
Dollar takes a breather ahead of U.S. jobs data
  + stars: | 2024-04-04 | by ( ) www.cnbc.com   time to read: +3 min
European inflation came in softer-than-expected on Wednesday, reinforcing expectations for a European rate cut in June. "The speech broadly affirmed the Fed is on track to cut rates this year, with data determining the timing. The Australian dollar broke above its 200-day moving average as the U.S. dollar dipped overnight and was steady at $0.6568 on Thursday. The Aussie is at a five-month high on the New Zealand dollar with traders expecting New Zealand rate cuts beginning in August but Australian rates on hold until November. The New Zealand dollar rose 0.7% on the greenback overnight to regain a foothold above $0.60.
Persons: Jerome Powell, Sterling Organizations: Federal, Traders, ANZ, Australian, U.S, New Zealand, . U.S, Treasury, PMI, Central Bank Locations: Zealand, ., Europe
Just over 2% of applicants to a Houston-area guaranteed income program were accepted — a lower acceptance rate than Harvard or Yale. Starting this month, 1,928 families will receive $500 a month, no strings attached, through Uplift Harris, a guaranteed income program in the Texas county that includes Houston. A majority of participants selected live in high-poverty ZIP codes and have a household income below 200% of the federal poverty line. Some participants were selected through the county's Accessing Coordinated Care and Empowering Self Sufficiency program which helps vulnerable residents improve outcomes. The pilot has been met with opposition from politicians including Texas State Sen. Paul Bettencourt, who in January sent a letter to the state attorney general concerning whether counties can legally enact guaranteed income programs.
Persons: Dustin Palmer, AidKit, Palmer, GiveDirectly, We've, Texas State Sen, Paul Bettencourt, Bettencourt, I've, it's Organizations: Service, Harvard, Yale, Business, American, SNAP, Texas State, Houston Public Media, Austin Locations: Houston, Uplift Harris, Texas, Harris, Harris County, West Harris County
CNBC Daily Open: A projection is not a promise
  + stars: | 2024-04-03 | by ( Clement Tan | In Clemtan | ) www.cnbc.com   time to read: +2 min
Spencer Platt | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineU.S. Federal Reserve officials are dampening rate cut expectations again, and again. In comments echoing those of the Federal Open Market Committee's two weeks ago, San Francisco Fed President Mary Daly said Tuesday she expects cuts this year — but wants to see more convincing evidence that inflation has been subdued. "Three rate cuts is a projection, and a projection is not a promise," Daly said.
Persons: Spencer Platt, Mary Daly, Daly, Loretta Mester, Vishnu Varathan, , Jeff Cox Organizations: New York Stock Exchange, Getty, CNBC, Federal Reserve, Federal, San Francisco Fed, Cleveland Federal, Malaysian, U.S Locations: New York City, U.S, Asia, Japan
Hungary's Prime Minister Viktor Orban arrives to attend a European Council summit at the EU headquarters in Brussels on March 21, 2024. Sameer Al-doumy | Afp | Getty ImagesHungarian Prime Minister Viktor Orban has run into political trouble ahead of European parliamentary elections in June, with his ruling party shaken by two political scandals within six weeks. Orban is a long-time ally of former U.S. President Donald Trump and widely seen as Russian President Vladimir Putin's closest supporter in the European Union. The right-wing leader has led the central European country since 2010, making him the EU's longest-serving head of state. Yet two major scandals have recently rocked his dominance of Budapest's political landscape at a sensitive time when Hungary is poised to hold both local and European elections in early June.
Persons: Viktor Orban, Sameer Al, Orban, Donald Trump, Vladimir Putin's, Peter Magyar, Janos Kummer, Zsuzsanna Vegh, Vegh, Magyar, Judit Varga —, Katalin Novak, Novak, Varga, William Shakespeare Organizations: Hungary's, EU, Afp, Getty, Hungarian, European Union, Eurasia Group, Fidesz, German Marshall Fund of, CNBC, Facebook, YouTube, Reuters, Lawyer Locations: Brussels, doumy, Hungary, Budapest, United States, Hungarian
Dollar steadies, yen pinned near 152
  + stars: | 2024-04-03 | by ( ) www.cnbc.com   time to read: +4 min
The dollar was steady on Friday after data showed U.S. inflation remained sticky but easing gradually, keeping alive the chance of the Federal Reserve cutting rates in June, while the yen slid back to the key 150 per dollar level. The dollar was on the front foot on Wednesday, pinning the yen near its lowest in decades though the heightened threat of currency intervention by Tokyo capped further declines in the Japanese currency. The yen was last at 151.585 per dollar, languishing near last month's slump to 34-year lows of 151.975 in the wake of the Bank of Japan's historic policy shift. The dollar , which on Tuesday touched a nearly five-month high of 105.10 against a basket of currencies, was last steady at 104.76. "I think the dollar will hold up pretty well in the near term, and that will be a headwind for the other major currencies."
Persons: Morgan Stanley, Koichi Sugisaki, Sterling, Carol Kong, CBA's Organizations: Federal Reserve, Bank of, Ministry of Finance, U.S ., U.S, Commonwealth Bank of Australia, Traders, Fed, New Locations: Tokyo, Japan, U.S, CBA's Kong, New Zealand
“However, I am fully aware that I’m creating another problem for myself down the road.”For now, his retirement plans sit on the back burner. Retirement savings in the United States were long thought of as a three-legged stool. Americans had pension plans, Social Security benefits, and defined contribution plans like the 401(k). Social Security payments still provide about 90% of income for more than a quarter of older adults, according to Social Security Agency surveys. She’s had to rely on her 401(k) retirement savings to support her and her son more than once.
Persons: Eric Payne, there’s, , Payne, I’ve, he’ll, What’s, Larry Fink, , , ” Fink, Fink, Jamie, She’s, – Jamie, wasn’t, Donald Trump, ” Trump, Joe Biden, Karoline Leavitt, Trump, Biden, Bernie Sanders, Sanders, BlackRock’s Fink, Beth, ” Beth Organizations: New, New York CNN, CNN, Social Security, Social, Social Security Agency, Security, Lawmakers, BlackRock, CNBC, Vermont Independent, Medicare Locations: New York, Portland , Maine, United States, Central Texas, Pittsburgh
Dollar ascendant as Fed cut bets pared, jawboning props up yen
  + stars: | 2024-04-02 | by ( ) www.cnbc.com   time to read: +3 min
The U.S. dollar hovered near a 4-1/2-month high against major peers on Tuesday as traders rushed to push back bets for the Federal Reserve's first interest rate cut this year. The U.S. dollar hovered near a 4-1/2-month high against major peers on Tuesday as traders rushed to push back bets for the Federal Reserve's first interest rate cut this year. The U.S. rate futures market now factors in 61.3% odds of a Fed rate cut in June, down from about 70.1% probability a week ago, according to the CME's FedWatch tool. The Japanese yen firmed slightly on Tuesday to 151.565 per dollar, after dipping to 151.77 the previous day. Japanese authorities intervened in 2022 when the yen slid toward a 32-year low of 152 to the dollar.
Persons: , Richard Franulovich, Sterling, Shunichi Suzuki, Westpac's, skidding, cryptocurrency bitcoin Organizations: U.S, Federal, Treasury, Bank of Japan's Locations: U.S, Japan
Dollar steady as PCE data sets up June rate cut bets; yen in focus
  + stars: | 2024-04-01 | by ( ) www.cnbc.com   time to read: +3 min
The dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June, while the yen loitered near 152 per dollar keeping traders on edge on the threat of intervention. The dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June, while the yen loitered near 152 per dollar keeping traders on edge on the threat of intervention. The report also showed consumer spending rising by the most in just over a year last month, underscoring the economy's resilience. The yen touched a 34-year low against the dollar of 151.975 on Wednesday and was last at 151.315 per dollar, a shade stronger, on Monday. In other currencies, the Australian dollar rose 0.21% to $0.654, while the New Zealand dollar was 0.20% higher at $0.599.
Persons: Jerome Powell, Sterling, Shunichi Suzuki, bitcoin Organizations: Federal, Commerce Department's, Reuters, Traders, Citi, Japan, Bank of Japan, Ministry of Finance, Financial Services Agency, New Zealand Locations: Japan
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