Buffett says Berkshire's buy of Amazon turned into still 'price...
Berkshire Hathaway's Amazon bet appears to stray from Warren Buffett's value investing vogue, but the Oracle of Omaha referred to the e-commence large is precisely a price business.
Marketsread more
The dollar has edged higher since Federal Reserve Chairman Jerome Powell played down a recent slowing in inflation and said he saw no reason to cut interest rates.
The euro was down 0.1 percent at $1.1172, having eased back from $1.1219 overnight, though it was still stronger on the week.
The dollar index reached 97.844 against a basket of currencies, up from a low of 97.149 earlier in the week. Some traders speculated the dollar would gain further if U.S. jobs data on Friday came in better than expected.
Berkshire Hathaway's Amazon bet appears to stray from Warren Buffett's value investing vogue, but the Oracle of Omaha referred to the e-commence large is precisely a price business.
Marketsread more
The dollar has edged higher since Federal Reserve Chairman Jerome Powell played down a recent slowing in inflation and said he saw no reason to cut interest rates.
The euro was down 0.1 percent at $1.1172, having eased back from $1.1219 overnight, though it was still stronger on the week.
The dollar index reached 97.844 against a basket of currencies, up from a low of 97.149 earlier in the week. Some traders speculated the dollar would gain further if U.S. jobs data on Friday came in better than expected.
“‘Sell in May and go away’. With the dollar strong at the moment and emerging markets performing on the soft side, today’s jobs data could well give that market adage a little more legs,” said Chris Turner, head of FX strategy at ING in London.
It has been a quiet week for major currencies. Volatility was at multi-year lows and liquidity was limited with Japan and China on extended holidays.
The British pound has gained 1.3 percent amid tentative hopes of a breakthrough in Brexit talks.
The Australian and New Zealand dollars have weakened on speculation both countries will cut interest rates next week.
The Reserve Bank of Australia meets on May 7 and the Reserve Bank of New Zealand a day after. Each may cut rates after low inflation reports.
It has been a quiet week for major currencies. Volatility was at multi-year lows and liquidity was limited with Japan and China on extended holidays.
The British pound has gained 1.3 percent amid tentative hopes of a breakthrough in Brexit talks.
The Australian and New Zealand dollars have weakened on speculation both countries will cut interest rates next week.
The Reserve Bank of Australia meets on May 7 and the Reserve Bank of New Zealand a day after. Each may cut rates after low inflation reports.
0 komentar
Post a Comment