Why the dollar’s rise raises questions – and doubts – about a Plaza-style intervention

The historical rise of the US dollar has alarmed investors and policy makers, raising questions, along with skepticism, about a 1985 “Plaza Agreement”-style intervention. The combination of persistent inflation and sluggish growth around the world, as well as the US central bank committed to aggressively raising interest rates, has turned the US currency into the … Read more

Asian markets dip ahead of Fed rate decision

Asian stocks mostly fell on Wednesday as investors looked forward to a widely expected interest rate hike by the US Federal Reserve as it works to stamp out the highest rate of inflation in decades. Japan’s Nikkei 225 JP: NIK It was down 1.4% in morning trading. Australia S&P / ASX 200 AU: XJO It … Read more