The euro, pound and yen all held their gains against the dollar on Thursday and equities rose as traders grow increasingly hopeful the Federal Reserve will slow its pace of interest rate hikes. Hong Kong led the gains thanks to a surge in tech firms, extending a recovery from Monday’s rout that was fuelled by worries of President Xi Jinping’s …
Read More »Euro and pound hold gains, stocks rally as rate fears ease
October 27, 2022