Although there is increasing evidence of a reduction in inflation, it is not yet ready to rule out the possibility of further interest rate increases if necessary. READ TOO “To get back to 2% (of inflation ) in a reasonable time frame, you need patience and determination, and I wouldn’t rule out the possibility
The exchange rate witnessed a notable drop to 17.17 during European trading hours today, as market participants digest the culmination of the Federal Reserve’s interest rate hikes and anticipate further economic indicators from S&P Global PMI data. Earlier this week, on Tuesday, the Federal Open Market Committee (FOMC) released minutes that were perceived as hawkish,
O euro lost strength against dollar , after reaching its highest level in more than three months at 1.0966, and returned to testing the 1.09 range at night, after the release of the minutes of the Federal Reserve’s last monetary policy meeting, which proved to be more favorable to monetary tightening than
Share: USD/CHF could register losses on the less likelihood of Fed interest rate hikes. Swiss Franc could lose ground as SNB reduced foreign currency reserves to a seven-year low. Improved US Treasury yields attempt to push the US Dollar into positive territory. USD/CHF moves sideways after two days of minor gains, bidding near
© Reuters. The currency pair experienced a pullback during Thursday’s Asian trading session as market participants weighed the prospects of a hawkish turn in the Bank of Japan’s (BoJ) policy against a backdrop of uncertainty regarding future Federal Reserve rate hikes. Despite a brief recovery from its monthly low on Tuesday, the pair failed to
© Reuters. FILE PHOTO: A bank employee counts U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. REUTERS/Athit Perawongmetha By Samuel Indyk and Brigid Riley LONDON (Reuters) -The dollar rebounded from a 2-1/2 month low on Wednesday as the minutes from the Federal Reserve’s last meeting hinted that interest rates would likely
© Reuters. Investing.com– Most Asian currencies moved little on Wednesday, while the dollar stemmed recent declines after the minutes of the Federal Reserve’s late-October meeting reiterated the bank’s outlook on higher-for-longer interest rates. Regional currencies saw a measure of profit taking after a strong run-up in the past two sessions, as markets priced in bets
© Reuters. Investing.com– Most Asian currencies firmed sharply on Monday, tracking extended declines in the dollar amid increasing bets that the Federal Reserve was done raising interest rates, while promises of more Chinese stimulus measures also aided sentiment. The surged 0.5% to its strongest level against the dollar since early-August. The biggest point of support
© Reuters. Investing.com – The U.S. dollar fell to a more than two-month low in early European trade Monday, adding to last week’s sharp losses on increased expectations that the Federal Reserve has completed its rate-hiking cycle. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other
© Reuters. FILE PHOTO: U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Samuel Indyk and Rae Wee LONDON (Reuters) -The dollar slid to a more than two-month low on Monday, extending a downtrend from last week as traders reaffirmed their belief that U.S. rates have
