Nike, Inc. (NYSE: NKE) is trading near $37.67 in pre-market action today, up 1.43% after Thursday’s 5.21% rally to $37.14. Written by: Arslan Ali Butt • Friday, October 16, 2026 • 3 min read • Last updated: Friday, October 16, 2026 Add an article to your Reading List Register now to be able to add…
Falling Treasury yields are weakening the US dollar. The Australian dollar has plummeted amid cracks in the labour market. The US dollar suffered a painful decline on Thursday and is falling even faster against some of its rivals on Friday. The sharpest daily drop in over a month was driven by a fall in Treasury…
The Dollar Extended Its Broad-Based Decline After Fed Chairman Warsh Disappointed Traders Hoping for a Hawkish Response to This Week’s Inflation Surprises What’s happening: The Dollar extended its broad-based decline on Friday as Federal Reserve Chairman Kevin Warsh offered no indication that another rate hike was becoming more urgent at the October 27–28 FOMC meeting,…
By Christopher Lewis Christopher L. Created on October 16, 2026 The U.S. dollar continues to see choppiness on Thursday against the Swiss franc. At this point, with falling rates have worked against the U.S. dollar early in the day, but this is a short-term phenomenon. USD/CHF The U.S. dollar has fallen fairly significantly against the…
On Friday, October 16, Gold was trading at approximately $4,176. This was after Gold rebounded from the low of approximately $4,073… Written by: Arslan Ali Butt • Friday, October 16, 2026 • 4 min read • Last updated: Friday, October 16, 2026 Add an article to your Reading List Register now to be able to…
Image used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The rupee appreciated 20 paise to 94.79 against the U.S. dollar in early trade on Friday (October 16, 2026) on the softening of the American currency and the positive impact of the RBI’s structural forex interventions. Lower U.S. Treasury yields also supported the domestic…
US initial jobless claims edged higher in the week ending October 10 but remained below 200,000, suggesting that layoffs continue to be relatively contained. According to the Department of Labor, seasonally adjusted initial claims rose from an upwardly revised 198,000 to 199,000, slightly exceeding expectations of 195,000. The previous week’s reading was revised up from…
SOFIAH NICHOLE SALIVIO News Editor Kyndryl has completed a data centre migration for CLS as part of the company’s multi-year technology modernisation programme. CLS said its first settlement cycle in the new environment processed nearly 2 million transactions worth more than USD $9 trillion, providing an early test of the infrastructure that underpins its foreign…
GBP/USD climbs through 1.3250 to its highest level since October 6. 54 of 63 economists polled now expect a BoE hike to 4.00% in November. BoE Governor Bailey is in Bangkok on Friday, and UK inflation is due October 21. A weaker Dollar gave GBP/USD the first part of its climb, and a run of…
US producer inflation accelerated sharply in September, with headline PPI jumping from 0.5% to 1.3% mom, far exceeding expectations of 0.5%. According to the Bureau of Labor Statistics, the increase was the largest since March 2022. Annual producer inflation climbed from a revised 5.6% to 6.3% yoy, above forecasts of 5.3% and the highest since…