Dollar drifts, risk-sensitive currencies lifted by China optimism [Yahoo! Finance Canada]
Advanced Micro Devices, Inc. (AMD)
Last advanced micro devices, inc. earnings: 4/28 04:25 pm
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Source: Yahoo! Finance Canada
By Ankur Banerjee SINGAPORE (Reuters) - The dollar wobbled on Friday, poised for a fourth straight week of declines as investors weighed U.S. data to gauge the pace of interest rate cuts, while China's spree of stimulus measures kept risk-sensitive currencies aloft. Data on Thursday suggested the U.S. labour market remained fairly healthy, while other reports showed corporate profits increased at a more robust pace than initially thought in the second quarter, highlighting an upbeat economic outlook. The dollar, however, remained on the back foot as traders priced in 73 basis points of easing for the rest of the year, with a 51% chance for another outsized half-percentage-point cut, according to CME Group's FedWatch Tool. The Federal Reserve has recently signalled a shift in focus away from inflation and towards keeping the labour market healthy, delivering a larger-than-usual 50 basis point interest rate cut last week. The dollar index, which measures the greenback against
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AMD
Earnings
- 7/30/24 - Beat
AMD
Sec Filings
- 9/17/24 - Form 4
- 9/13/24 - Form 4
- 9/11/24 - Form 144
- AMD's page on the SEC website