The dollar was on the defensive on Thursday after the Federal Reserve signaled it was ready to lower interest rates to combat growing global and domestic risks.
But BlackRock's global fixed income chief also says he doesn't think the Fed will announce a rate cut until July.
The dollar weakened against other major currencies on Wednesday after the Federal Reserve held interest rates steady at its regular meeting, but signaled a possible rate cut of as much as a half a percentage point by the end of the year.
Gold prices climbed on Wednesday after the U.S. Federal Reserve signaled interest rate cuts were possible later this year, as it responded to increased economic uncertainty and tepid inflation.
Stocks in Asia rose on Wednesday following positive developments overnight on the U.S.-China trade front.
The S&P 500 is closing in on its all-time high, and is likely to sail past it, as long as the Fed promises lower interest rates and the trade war calms down.
Mario Draghi, head of the European Central Bank, had some stern words for President Donald Trump.
Trump went after Mario Draghi for opening the door to more monetary stimulus in Europe, which would weaken the euro relative to the dollar.
European Central Bank President Mario Draghi defended the tools that the organization has available.
The yield on the benchmark 10-year Treasury note fell to its lowest level since September 2017 as the Fed began its two-day policy meeting.
The outlook for Germany's economy and political stability are more uncertain than ever, writes Michael Ivanovitch.
Stocks in Asia advanced on Friday following positive developments overnight on U.S.-Mexico negotiations, while investors digested recent comments from major central bank chiefs.
European Central Bank President Mario Draghi indicated the institution could cut interest rates if needed.
European Central Bank President Mario Draghi speaks following the central bank's latest monetary policy decision.
European Central Bank President Mario Draghi speaks at a press conference after the institution decided to leave interest rates on hold.
CNBC's Dom Chu reports on movement in the market as European Central Bank president Mario Draghi says stronger expectations for inflation and growth in 2019.
European Central Bank President Mario Draghi is speaking at a press conference following the institution's latest monetary policy decision.
The euro climbed higher against the dollar after the ECB said it would delay its first post-crisis interest rate hike until at least the middle of next year.
Debt yields reversed an earlier decline and climbed higher after a report said that the White House is considering delaying Mexico tariffs.
The euro jumped half a percent on Thursday after the European Central Bank refrained from hinting at an interest rate cut, merely pushing back the timing of its first post-crisis rate hike.