[ad_1] Share: US PCE inflation aligns with estimates but shows an uptick, while Initial Jobless Claims come in lower than expected, adding complexity to the Fed’s rate decision. ECB board member Isabel Schnabel reignites stagflation fears but doesn’t rule out more rate hikes; EU inflation data mixed, with core HICP falling to 5.3%
[ad_1] The People’s Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead. USD/CNY is the onshore yuan. Its permitted to trade plus or minus 2% from this daily reference rate. CNH is the offshore yuan. USD /CNH has no restrictions on its trading range. A significantly stronger or weaker
[ad_1] Wall Street took comfort from several downside surprises in US macro data overnight, with the data taming some rate hike bets and saw US Treasury yields decline. The US two-year yields were down 11 basis-point (bp), reversing all of last week’s gains, while the 10-year yields were down 8 bp to deliver a two-week
[ad_1] © Reuters. U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/file photo By Ankur Banerjee SINGAPORE (Reuters) – The dollar eased from a 12-week peak on Monday as traders weighed the U.S. monetary path after Fed Chair Jerome Powell left open the possibility of further interest rate increases, while
[ad_1] Share: Federal Reserve Bank of Philadelphia President Patrick Harker told Bloomberg on Friday that he doesn’t see the need now for additional rate increases but added that he could call for more hikes if inflation retreat stalled. Additional takeaways “Should hold rates steady and see how policy affects the economy.” “Labor markets
[ad_1] © Reuters. Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken February 10, 2020. REUTERS/Dado Ruvic/Illustration By Ankur Banerjee SINGAPORE (Reuters) – A spurt in the U.S. dollar and China’s defence of the yuan are forcing Asian central banks to step up interventions in their weakening currencies, and one clear casualty
[ad_1] AUD/USD ANALYSIS & TALKING POINTS Lack of Chinese stimulus weighs on Aussie dollar. RBA’s higher for longer > Federal Reserve. Turnaround or continuation for AUD/USD? Recommended by Warren Venketas Get Your Free AUD Forecast AUSTRALIAN DOLLAR FUNDAMENTAL BACKDROP The Australian dollar is trading at extreme levels this Monday as the PBoC decided to modestly
[ad_1] Article by IG Senior Market Analyst Axel Rudolph FTSE 100, CAC 40, Nasdaq 100 Charts and Analysis FTSE 100 stabilises at support Following six consecutive days of falling prices, the FTSE 100 managed to find support between its March and July lows at 7,216 last week and is little changed on Monday morning as
[ad_1] Share: GBP/USD rises 0.22% as market sentiment remains upbeat, with NVIDIA earnings and BoE rate hike prospects in focus. Interest rate differential between the US and UK narrows, potentially pushing GBP/USD towards the YTD high of 1.3147. Technicals indicate resistance at the 50-DMA of 1.2791; a breach could target 1.2995, while support