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AUD/USD Current Price: 0.7016 * The positive tone of Wall Street kept the pair up throughout the day. * NAB's Business Confidence Index for May foreseen at -32 from -46 in the previous month. * AUD/USD extending its rally above 0.7000 and poised to continue advancing.The AUD/USD pair saw little action at the beginning of the week, confined this Monday to a 60 pips' range yet reaching a fresh multi-month high of 0.7020. Australian markets remained closed this Monday amid a local holiday, and the macroeconomic calendar remained empty. Nevertheless, the Aussie was underpinned by upbeat Chinese data released during the weekend. The positive tone of equities kept the pair up throughout the day.This Tuesday, the country will return with the release of the NAB's Business Confidence Index for May, foreseen at -32 from -46 in the previous month, and the NAB's Business Conditions Index for the same month, expected at...
Yahoo Finance’s Sibile Marcellus joins Heidi Chung to discuss the latest outlook for American Airlines amid the coronavirus. ...
EUR/USD Current Price: 1.1301 * Easing concerns about global growth and riots in the US kept the dollar pressured. * Wall Street remained in the green reflecting the prevalent optimism. * EUR/USD held above the 23.6% retracement of the latest daily run.The EUR/USD pair is closing this first day of the week, little changed around the 1.1300 level. European data released this Monday weighed only modestly on the shared currency, despite it missed the market's expectations. Germany published April Industrial Production, which fell in the month by 17.9%. When compared to a year earlier, it collapsed by 25.3%, much worse than the previous -11.3%. The EU June Sentix Investor Confidence improved from -41.8 to -24.8, slightly worse than expected.Concerns related to global growth and protests in the US cooled down, with financial markets stable. European equities spent most of the day in the red, ending it around their opening levels. US...
Yahoo Finance’s Jared Blikre joins Heidi Chung to discuss the latest oil & energy outlook as OPEC and allies agree to extend record oil production cut....
(Bloomberg) -- Tailored Brands Inc., the owner of Men’s Wearhouse and Jos. A. Bank, is considering a potential bankruptcy after the coronavirus lockdown kept America’s office workers at home, putting a damper on demand for new suits.The retailer and its advisers have started reaching out to interested parties about reworking its debts of more than $1 billion, according to people with knowledge of the matter. One option is a Chapter 11 filing, which would allow Tailored Brands to keep some of its stores operating while it seeks to shut weaker locations and satisfy its creditors, the people said.Plans are in the early stages and could change, with Tailored Brands still seeking alternative forms of financing, according to the people. They asked not to be identified discussing a private matter.“As a matter of company policy, we don’t comment on market rumors or speculation,” Houston-based Tailored Brands said in an email to Bloomberg.Management...
Yahoo Finance’s Emily McCormick joins Heidi Chung to discuss the latest outlook for Boeing amid the coronavirus pandemic....
Wedbush Securities Managing Director Dan Ives joins Yahoo Finance’s Heidi Chung to discuss why he believes Apple could reach a $2 trillion valuation by 2021....
