The dollar was firm on Tuesday while the yen struggled on the weaker side of the 156 level, though trade was mostly rangebound as investors generally stuck...
SINGAPORE - The dollar was firm on Tuesday while the yen struggled on the weaker side of the 156 level, though trade was mostly rangebound as investors generally stuck to their views of the expected timing and extent of Federal Reserve rate cuts this year.
Several officials on Monday called for continued policy caution, even after data last week showed a welcome easing in consumer price pressures in April. The New Zealand dollar was little changed at $0.6107, while the Aussie ticked 0.1% higher to $0.6674, ahead of minutes of the Reserve Bank of Australia's May meeting due later on Tuesday.In the cryptoverse, ether jumped more than 5% to an over one-month high of $3,691.80, after having surged nearly 14% in the previous session - its largest daily percentage gain since November 2022.
"It's absolutely flown," said Tony Sycamore, a market analyst at IG. "I think it's partly to do with that speculation, but also to do with that core inflation data last week that's boosted risk sentiment and obviously brought rate cuts back into play. Michael Burry bought about $8 million worth of a trust that owns physical gold bullion. John Paulson has been betting big on gold for years.Achieving seven-figure TFSA wealth is doable with two large-cap, high-yield dividend stocks. The post Million-Dollar TFSA: 1 Way to Achieve to 7-Figure Wealth appeared first on The Motley Fool Canada.
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