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01-01-1970 12:00 AM | Source: GEPL Capital Ltd
The dollar stabilized and the euro weakened in early trading - GEPL Capital
News By Tags | #2767 #57

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News / Other data

* The dollar traded little changed on Tuesday after strong consumer price data revived the likelihood that the Federal Reserve will hike interest rates next week as fears of turmoil spreading in the banking sector faded.

* The dollar stabilized and the euro weakened in early trading on Tuesday in Europe, as the shock from the collapse of three U.S. banks in a week began to recede.

* Asian currencies retreated on Tuesday as concerns over a banking crisis in the U.S. battered sentiment, with a mild recovery in the dollar also pressuring markets ahead of key inflation data due later in the day. China’s yuan sank 0.4%, while the Japanese yen lost 0.5% as most regional currencies came under pressure from uncertainty over how U.S. monetary policy will proceed in the face of a potential banking crash.

* The collapse of two big U.S. regional banks has forced the U.S. bond markets into a near 180-degree turn from pricing in a more aggressive Federal Reserve and is eroding expectations the greenback could resume a new rally to fresh 20-year highs.

* Bolivia's government is battling to calm fears among savers and businesses about a shortage of dollars in the country, which has led to long lines outside banks, rattled local bonds and pushed up the price of greenbacks in informal markets.

* The U.S. dollar slipped lower in early European trade Monday as traders reassessed the likelihood of another rate hike by the Federal Reserve later this month given the ongoing U.S. banking crisis.

 

 

Data inference

* No Major Event

 

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