© Reuters. The Japanese yen’s depreciation accelerated today, edging closer to its highest level in 33 years, amid signals from Federal Reserve Chair Jerome Powell that interest rate hikes could continue in the face of persistent inflation concerns. The yen traded at 151.44 to the dollar, a marginal increase of 0.06% from the previous session.
Australian Dollar (AUD/USD) Prices, Charts, and Analysis Download our Free Q4 Australian Dollar Forecast: Recommended by Nick Cawley Get Your Free AUD Forecast The Reserve Bank of Australia hiked rates by 25 basis points earlier today, as the central bank continues to struggle with above-target inflation. The move, widely expected, saw the Official Cash Rate
Share: In one year, Americans will elect their president. Polls show Donald Trump in a neck-and-neck race with incumbent Joe Biden. Economists at Commerzbank analyze market implications of the US elections. Prolonged period with unclear winner to weigh on the markets for some time In 2024, it will likely be important to see
© Reuters Investing.com– Most Asian currencies strengthened on Thursday, while the dollar fell sharply after mixed signals from the Federal Reserve ramped up bets that the central bank will not raise interest rates further. The was among the best performers for the day, surging 0.7% and blazing past weaker-than-expected . Markets were growing increasingly confident
The tech giant released its report for the first quarter of the 2024 financial year, and investors were pleasantly surprised by the stock’s substantial growth. In contrast, several other tech companies failed to impress market players with their earnings, leading to a decline in US stock indices. Let’s delve into the Microsoft report figures and
A note via Westpac’s new Chief Economist, Luci Ellis. Luci Ellis was previously the Assistant Governor (Economic) at the Reserve Bank of Australia, a position she held since December 2016. news of her departure from the Bank crossed in July. Ellis has issued a note saying the outlook for the future path of RBA cash
Interest rates are currently appropriate to get inflation to 2% in H2 2025 but door on rate hikes can’t be closed Talks on mandatory higher reserve requirements for banks are appropriate Italian spreads no unwarrated and not worrisome It’s a clear wait-and-see stance for the ECB and that’s no surprise for the market. لینک منبع
Interest rates are on a good level Events in Israel add to economic incertitude Wary about oil price developments over Israel situation He adds that there is no reason presently to tweak inflation prospects and they still see it converging to the 2% mark by 2025. This article was written by Justin Low at www.forexlive.com.
Nothing in these is a game changer. Headlines via Reuters: Members agreed it was important to check whether wage hikes will continue next year and onward a few members said chance of firms continuing to raise wages next year was high one member said there was strong chance corporate wage, price-setting behaviour will be sustained
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