© Reuters Investing.com– Most Asian currencies moved in a flat-to-low range on Friday, while the dollar held on to recent gains as comments from Federal Reserve officials saw traders reassess expectations of no more interest rate hikes. Concerns over an economic slowdown in China also dented sentiment towards Asia, following a string of weak data
© Reuters. The currency pair experienced a rebound from its weekly lows, trading higher near 0.5930 during the Asian session on Thursday, Nov 09, 2023. The rise was attributed primarily to a weakening US dollar rather than the impact of China’s mixed economic data. This data included a 0.2% yearly fall in October’s Consumer Price
Federal Reserve Bank of Philadelphia President Patrick Harker: Says he supported the steady interest rate stance at latest FOMC meeting Fed will stay higher for longer, no sign of near-term rate cuts Now is a time to take stock of past rate hikes’ impact Next Fed rate choice “could go either way” depending on the
GBP/USD Analysis and Charts Dovish BoE chatter sending UK bond yields sharply lower. Three 25 basis point rate cuts next year are now being priced in. The BoE’s chief economist Huw Pill said last night that UK inflation is likely to fall sharply in the coming months and that current market pricing of interest rate
People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate
Share: S&P 500 ended the week up by 0.9%, with the Nasdaq and Dow Jones also posting significant gains, reflecting a positive shift in investor sentiment. U.S. labor market data showing a slowdown in job growth fueled speculation that the Federal Reserve may halt rate hikes. Fed officials Thomas Barkin and Neil Kashkari
© Reuters Investing.com – The U.S. dollar weakened in early European trade Friday, extending earlier losses as traders positioned for the end of the Federal Reserve’s rate-hiking cycle, although moves have been limited ahead of the release of key nonfarm payrolls data later in the session. At 03:20 ET (07:20 GMT), the Dollar Index, which
The exchange rate remained stable at €1.1502 on Thursday, as investors awaited the Bank of England’s (BoE) decision on interest rates amidst deteriorating economic conditions in the UK. This comes in the wake of October’s manufacturing PMI data, which showed a significant contraction in UK factory activity, fueling fears of a recession. S&P Global Market
© 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
Share: The Bank of Canada (BoC) Governor Tim Macklem said on late Thursday that there are some reasons to believe that the neutral interest rate is more likely higher than lower. Market reaction The comments above has little to no impact on the Canadian Dollar. The USD/CAD pair is trading lower on the
