September 12, 2024

Dollar Firm after Inflation Data Douse Bets for Big Fed Cut

The dollar traded near a four-week high versus the euro today after signs of some stickiness in US inflation reinforced expectations that the Federal Reserve would avoid a super-sized interest rate cut next week.

The dollar gained against the yen,

Oil Prices Rise 1% on US Hurricane Impact Concerns

Oil prices rose more than 1% today, spurred by concerns of Hurricane Francine impacting output in the US, the world’s biggest crude producer, though worries of lower demand capped gains.

Brent crude futures for November were up $1, or 1.4%

Scientists Discover Fatal Superworm Virus

Rutgers University’s scientists have discovered a virus responsible for the mass die-off of superworms, which are used as pet food and a human protein source.

Using cryo-electron microscopy, they identified the Zophobas morio black wasting virus, whi…

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