Pressure is mounting on the Fed to hike rates once again – Commerzbank

Share: The US labor market held up surprisingly well in September. Pressure for another rate hike is rising, economists at Commerzbank report. Data for the previous months were revised significantly upward In September, job growth in the US amounted to 336K, which was significantly more than expected. The continued strong employment growth –

USD/TRY rises above 27.00 amid rising USD yields, CBRT hike

Share: The USD/TRY is rising by 0.45% to 27.11. The CBRT hiked rates to 30% as expected. Due to the Fed’s hawkish pause, US yields continue to rise, pushing the pair to the upside. In Thursday’s session, the USD/TRY gained more ground and broke the 27.00 barrier while investors digested the fresh Central Bank

BoE Hike in Doubt after Cooler UK Inflation, Fed Projections Next

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USD/NOK advances near 10.800 while investors gear for one more NB hike

Share: USD/NOK saw green on Friday, rising 0.50% above 10.788. Investors expect the NB to deliver a 25 basis point hike to 4.25% next week. The Fed decision will likely be a pause next Wednesday. On the last day of the week, the USD/NOK gained additional traction, rising to multi-month highs above 10.788.  On the NOK’s

Dollar strengthens following strong U.S. data and ECB rate hike By Investing.com

© Reuters. The U.S. dollar retained its gains against peers on Friday, following strong U.S. economic data and a rate hike by the European Central Bank (ECB). The currency’s strengthening came in response to higher-than-expected U.S. retail sales and an ECB decision that prompted a drop in European yields. U.S. retail sales for August were