Share: On Friday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1151 as compared to the previous day’s fix of 7.1212 and 7.1440 Reuters estimates. Th PBiC injects 664 billion Yuan via 7-day RR, setting the rate at an unchanged 1.8%. 352 billion Yuan
Sterling strengthened against most other currencies, after Bank of England Governor Andrew Bailey and two other policymakers told the Treasury Select Committee that there is a possibility that the bank rate will be paused at 5.25% for an extended period. Catherine Mann, a member of the Monetary Policy Committee, was also present and warned that
© Reuters. The exchange rate climbed to €1.1453 today, bolstered by hawkish comments from Bank of England (BoE) officials during a UK Treasury committee session. Governor Andrew Bailey and Deputy Governor Dave Ramsden discussed measures to combat persistent service inflation, targeting a strict 2% goal. The Pound’s strength was further supported by the UK’s public
Share: The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.1254 – the strongest level since June 19 – as compared to 7.1468 Reuters estimates. لینک منبع : هوشمند نیوز
BOE Bailey: Far too early to be thinking about rate cuts Returning inflation to 2% target remains our absolute priority When inflation is high, we take no chances The tragic events in the Middle East have added upside risk to energy prices Labor market remains tight despite softening recently Wage inflation remains elevated. We must
Goldman Sachs provides insights into the expected monetary policy paths of the Federal Reserve (Fed) and the European Central Bank (ECB), forecasting the timelines for rate cuts and stabilization of policy rates. Key Insights: Federal Reserve Policy Outlook: Hold on Rates: The Fed is expected to maintain the current federal funds rate range of 5.25-5.5%
© Reuters Investing.com– Most Asian currencies moved little on Friday after strong gains earlier this week, while the dollar headed for a sharp weekly fall as weak labor market data fueled more bets that the Federal Reserve will trim interest rates by mid-2024. Weakness in the dollar put most regional units on course for a
Softening US Data, Rate Cuts Highlight Trend Reversals in FX Majors لینک منبع : هوشمند نیوز
© Reuters. The Indian Rupee has seen an ascent against the dollar, driven by softening US currency in response to a decrease in the United States’ key Consumer Price Index (CPI) figures. This development has sparked speculation among investors about a potential Federal Reserve interest rate cut by May next year. ICICI Direct observed on
© Reuters. U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Herbert Lash NEW YORK (Reuters) -The dollar gained on Wednesday after still strong U.S. retail sales fell less than expected in October, a reminder for the market that a definitive date for the Federal Reserve to cut
