top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Stock Markets

31 Jan 2022

Dollar Plummets amid Flattening U.S. Yield Curve

The Index Today

The U.S. dollar fell on Monday as hawkish comments made by Atlanta Fed President Raphael Bostic flattened the U.S. yield curve for the most in three months.

Additional interest rate hikes to counter rising inflation are seen as obstructive to the growth of markets, marked by the drop in ten-year U.S. Treasury yields by over 59bps since November. According to strategists at Mizhuo, the U.S. Federal Reserve’s continued tightening of monetary policy "reflects the growing belief that the Fed is behind the curve in fighting upside inflation risks and will need to deliver more front-loaded tightening."

The dollar dropped by 0.2% to 97.02, while the Australian dollar rose by over 0.5% at $0.7043 ahead of its central bank policy meeting on Tuesday. The Bank of England (BOE) is also set to meet this week on Thursday with experts anticipating another interest rate hike to combat pandemic-induced inflation which soared to its highest in the country in thirty years.

Clay pottery with table linens
bottom of page