PIMCO said it was bullish on the performance of long-term bonds: continue to favour long-term bonds over the next year, as they provide high yields not seen for over a decade while offering a cushion against economic uncertainty and expectations inflation has peaked More: U.S. economic growth is expected to slow the remainder of 2023
© Reuters. FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking/File Photo By Rae Wee SINGAPORE (Reuters) – The dollar was largely rangebound on Wednesday, though remained weighed down by dovish Federal Reserve comments, as traders awaited the central
Share: The Reserve Bank of Australia (RBA) Assistant Governor (Financial Markets), Christopher Kent, did not sound keen on further rate hikes and said that monetary policy is slowing the growth of demand, and inflation. Additional Quotes via Reuters: Policy lags mean some further effects of past rate hikes are still to be felt
Fed’s Waller Fed is determined to bring inflation down to 2% Full speech There is nothing particularly notable in the initial comments, which didn’t directly address monetary policy or the outlook for the economy. Here is the conclusion portion of the speech: I think it is worth concluding by emphasizing an important respect in which
Share: AUD/USD faces selling pressure above 0.6400 as IMF warned decline in global output due to Middle East tensions. The USD Index drifted lower swiftly to near 106.00 as Fed policymakers supported keeping interest rates steady. AUD/USD trades in a Rising channel in which each pullback is considered as a buying opportunity. The
Share: NZD/USD fills a modest weekly bearish gap opening, though the upside potential seems limited. Geopolitical tensions benefit the safe-haven USD and act as a headwind for the risk-sensitive Kiwi. The uncertainty over the Fed’s rate-hike path caps the USD upside and lends support to the major. The NZD/USD pair attracts some buyers
6/6 © Reuters. Barber Ruben Galante, 67, cuts the hair of customer Luciano Munoz, 46, at his shop, in Buenos Aires, Argentina September 22, 2023. REUTERS/Agustin Marcarian 2/6 By Adam Jourdan BUENOS AIRES (Reuters) – The hand-written entries in the two dozen notebooks – date, haircut, price – chronicle decades of a Buenos Aires barber’s
EUR/CAD Shaping up for Long-Term Reversal as Oil, Inflation Rise EUR/CAD sold off into the end of Q3 after the European Central Bank (ECB) hiked rates to 4% which may prove to be the peak. The euro depreciated immediately as markets lowered their expectations of another hike. Fundamentals in Europe also remain weak as the
Share: In recent weeks, the bond market has seen another hawkish lurch. Economists at ABN Amro look at the drivers of the move so far and make an assessment of whether the rise in yields can be sustained. What is going on in the bond markets? Given the recent economic development in both
Share: GBP/JPY remains lackluster near 180.50 despite the UK’s economic turmoil. BoE Bailey sees inflation likely at or below 5% by the year-end. Japan Kishida vowed to make a surge of wage rises sustainable to keep inflation above 2%. The GBP/JPY pair struggles for a direction as the impact of the Bank of
