IGI Logo

News / Other data

* The dollar swung higher Thursday, just a day ahead of Friday’s labor market report that some believe could force investors to rethink their game of chicken against the Federal Reserve and potentially thrust the greenback to glory.

* Japanese Prime Minister Fumio Kishida called on Thursday for business leaders to accelerate wage rises, warning that the economy risked falling into stagflation if pay rises lagged price increases.

* The U.S. dollar edged higher Thursday, gaining some support from the generally hawkish tone of the minutes of the Federal Reserve’s December meeting. At 03:15 ET (08:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, rose 0.1% to 104.095.

* Most Asian currencies moved little on Thursday as markets weighed mixed signals on monetary policy from the minutes of the Federal Reserve’s December meeting, while the Japanese yen was supported by reports that the Bank of Japan plans to raise its inflation forecasts.

* Markets aren’t prepared for how far US central bankers are willing to go to tame the hottest inflation in a generation, according to Morgan Stanley (NYSE:MS) Investment Management’s Jim Caron.

* The U.S. dollar weakened Wednesday, handing back some of the previous session's outsized gains, with traders looking for fresh clues on future U.S. monetary policy from the minutes of the Federal Reserve's December meeting. At 02:55 ET (07:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.7% to 103.638.

Data inference

* No Major Event.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://web.geplcapital.com/term-disclaimer
SEBI Registration number is INH000000081

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer