Powered by: Motilal Oswal

News

Dollar firm on growth worries, fragile yen draws warning The dollar perched near a six-month peak on Wednesday as jitters over China and global growth dragged on risk sentiment, while the yen was close to a 10-month low, drawing the strongest warning since mid-August from Japan's top currency diplomat. The yen was at 147.66 per dollar in early Asian hours, just shy of 147.8 per dollar, the lowest since Nov. 4 it touched overnight. The Asian currency has hovered around the key 145 per dollar level for the past few weeks, leading traders to ke...
Dollar firm on growth worries, fragile yen draws warning
Dollar firm on growth worries, fragile yen draws warning
Source: Reuters
6/09/2023 8:50:07 AM
Dollar steadies, Aussie slips as RBA looms The dollar was firm on Tuesday and the Aussie under a little pressure as traders watched out for the Reserve Bank of Australia's interest rate decision with bets that rates may have peaked. The Aussie was 0.5% lower at $0.6431 in early trade. Softer than expected inflation data for July has markets all but certain the cash rate will stay on hold at 4.1% when the RBA announces its decision in the next few hours, far lower than where U.S. overnight rates are at about 5.25-5.5%. The me...
Dollar steadies, Aussie slips as RBA looms
Dollar steadies, Aussie slips as RBA looms
Source: Reuters
5/09/2023 9:01:10 AM
Asian shares slip as China optimism fades; RBA in focus Asian equities fell on Tuesday as the spotlight remained on China and its efforts to stabilise its stuttering post-pandemic economy, while traders awaited the outcome of a policy meeting of the Reserve Bank of Australia. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.75% lower at 511.14, moving away from 515.37, the highest level since Aug. 11 it touched on Monday. China shares clocked their best day in over a month on Monday on the back of fresh measures to help b...
Asian shares slip as China optimism fades; RBA in focus
Asian shares slip as China optimism fades; RBA in focus
Source: Reuters
5/09/2023 8:46:22 AM
Dollar steady as traders bet Fed done with rates The dollar started Monday on a steady footing as investors assessed U.S. jobs data that showed some signs of cooling and bolstered expectations that the Federal Reserve was likely at the end of its monetary tightening cycle. Data on Friday showed U.S. job growth picked up in August, but the unemployment rate jumped to 3.8%, while wage gains moderated. The economy created 110,000 fewer jobs than previously reported in June and July. "The Goldilocks metaphor is much used and abused i...
Dollar steady as traders bet Fed done with rates
Dollar steady as traders bet Fed done with rates
Source: Reuters
4/09/2023 9:06:22 AM
Dollar shines on US economic resilience; Aussie tumbles after employment data The dollar pushed the yen deeper into intervention territory on Thursday as a resilient U.S. economy underscored the need for higher-for-longer interest rates, while a strikingly ultra-dovish Bank of Japan struggled to defend its policy stance. The Australian dollar tumbled after the country's July employment unexpectedly fell while its jobless rate ticked up more than expected. The Aussie sank nearly 1% after the release of the figures, dragging the New Zealand dollar alongside it....
Dollar shines on US economic resilience; Aussie tumbles after employment data
Dollar shines on US economic resilience; Aussie tumbles after employment data
Source: Reuters
17/08/2023 8:54:45 AM
Dollar firm, yuan slides after China unexpectedly cuts rates The safe-haven dollar stayed firm against major peers while the yuan sank to a nine-month trough after China's central bank unexpectedly cut key policy rates for a second time in three months on Tuesday to shore up the country's sputtering economy. The yuan weakened as far as 7.3115 per dollar for the first time since Nov. 4 in offshore trading, before bouncing back as major state-owned banks were seen selling dollars to support the local currency. The dollar index, which measur...
Dollar firm, yuan slides after China unexpectedly cuts rates
Dollar firm, yuan slides after China unexpectedly cuts rates
Source: Reuters
15/08/2023 9:14:03 AM
Outgoing Australian central bank Governor warns against inflation threat Outgoing Governor of the Reserve Bank of Australia (RBA), Philip Lowe on Friday warned against the ongoing threat of inflation despite signs that it is easing. In an opening statement of his last hearing to the House of Representatives Standing Committee on Economics, Lowe said while goods price inflation has slowed considerably, the prices of many services are continuing to increase strongly and the momentum in rent inflation is particularly strong, reports Xinhua news agency. He said ...
Outgoing Australian central bank Governor warns against inflation threat
Outgoing Australian central bank Governor warns against inflation threat
Source: IANS
13/08/2023 9:16:31 AM
Dollar struggles before payrolls test; Aussie rebounds The dollar hung back from a four-week high against major peers on Friday as investors looked ahead to a key jobs report that could influence the path for U.S. interest rates. Sterling traded slightly higher after recovering knee-jerk losses following the Bank of England's decision to downshift to a quarter point rate hike on Thursday. The yen hovered near the middle of its trading range this week as traders tried to gauge the Bank of Japan's tolerance for higher yields following...
Dollar struggles before payrolls test; Aussie rebounds
Dollar struggles before payrolls test; Aussie rebounds
Source: Reuters
4/08/2023 8:48:48 AM
Dollar shaky after US credit rating downgrade The dollar struggled to make headway on Wednesday after a cut on the U.S. government's top credit rating by Fitch raised questions about the country's fiscal outlook, though it drew some support from a relatively resilient run of economic data. Rating agency Fitch on Tuesday downgraded the United States to AA+ from AAA in a move that drew an angry response from the White House and surprised investors, coming despite the resolution two months ago of the debt ceiling crisis. That ...
Dollar shaky after US credit rating downgrade
Dollar shaky after US credit rating downgrade
Source: Reuters
2/08/2023 9:03:39 AM
Yen eases to 3-week low as traders weigh BOJ shift; focus on RBA The yen slipped to a fresh three-week low on Tuesday as traders pondered the Bank of Japan's steps last week to tweak its yield curve control policy, while the Australian dollar was soft ahead of the Reserve Bank of Australia's policy decision. The yen has been on a wild ride since Friday, when the BOJ took another step toward a slow shift away from decades of massive monetary stimulus, saying it would offer to buy 10-year Japanese government bonds at 1.0% in fixed-rate operations,...
Yen eases to 3-week low as traders weigh BOJ shift; focus on RBA
Yen eases to 3-week low as traders weigh BOJ shift; focus on RBA
Source: Reuters
1/08/2023 9:01:48 AM
Dollar slips as Fed`s rate-hike cycle seen ending The dollar was on the back foot on Thursday after the Federal Reserve delivered what some expected to be its last rate hike, while market focus shifted across the Atlantic to the European Central Bank's (ECB) rate decision later in the day. The Fed on Wednesday raised interest rates by a quarter of a percentage point, as expected, marking the central bank's 11th rate increase in its last 12 meetings. While Fed Chair Jerome Powell left the door open to another hike in September, ...
Dollar slips as Fed`s rate-hike cycle seen ending
Dollar slips as Fed`s rate-hike cycle seen ending
Source: Reuters
27/07/2023 8:54:55 AM
Dollar near two-week high as Fed decision looms; Aussie falls The dollar hovered close to a two-week high versus the euro on Wednesday, while the yen consolidated near the middle of its range this month as traders awaited crucial policy decisions from the nations' central banks this week. The Australian dollar slid after benign inflation data suggested the Reserve Bank of Australia would forgo a rate hike next week. The U.S. dollar index - which measures the currency against six major peers, but is heavily weighted toward the euro - edged 0.06% h...
Dollar near two-week high as Fed decision looms; Aussie falls
Dollar near two-week high as Fed decision looms; Aussie falls
Source: Reuters
26/07/2023 8:55:49 AM
Gold prices tick up as traders await Fed cues Gold prices edged up on Tuesday on a dollar that was close to hitting its lowest in over a year, while traders waited for retail sales data from the United States to gauge any impact on the U.S. Federal Reserve's monetary tightening path. Spot gold rose 0.3% to $1,959.54 per ounce by 0359 GMT. U.S. gold futures gained 0.4% to $1,963.70. The dollar wobbled near an over one-year low. A weaker dollar makes gold cheaper for holders of other currencies. [USD/] While the upcoming Fed m...
Gold prices tick up as traders await Fed cues
Gold prices tick up as traders await Fed cues
Source: Reuters
18/07/2023 9:46:35 AM
Dollar teeters near one-year low; euro scales 17-month peak  The dollar wobbled near an over one-year low against its major peers on Tuesday, as investors awaited fresh catalysts to gauge if the greenback has further downside in the wake of last week's cooler-than-expected U.S. inflation report. The U.S. dollar index, which measures the greenback against a basket of six currencies, dipped slightly to 99.84 in early Asia trade, after having tumbled to its lowest since April 2022 on Friday. The index also clocked its worst week of 2023 la...
Dollar teeters near one-year low; euro scales 17-month peak
Dollar teeters near one-year low; euro scales 17-month peak
Source: Reuters
18/07/2023 8:49:36 AM
Oil set for third straight week of gains on tight supply Oil prices were set to register their third consecutive weekly gain for the first time since April, rising on Friday due to supply disruptions in Libya and Nigeria, and hopes of higher demand for crude due to easing U.S. inflation. Brent crude futures had added 5 cents, or 0.1%, to $81.41 per barrel by 0242 GMT. U.S. West Texas Intermediate crude futures rose 9 cents, or 0.1%, to $76.98. Both benchmarks, which have risen about 9% this month, are on track to settle higher for a fourth sessi...
Oil set for third straight week of gains on tight supply
Oil set for third straight week of gains on tight supply
Source: Reuters
14/07/2023 9:17:15 AM
Dollar at 15-month low as easing inflation firms rate peak bets  The dollar hovered at 15-month lows on Friday after a steep dive overnight, as markets wagered the Federal Reserve was close to the end of its rate hike cycle due to easing inflation. The dollar index, which measures the U.S. currency against six major rivals, stood at 99.71 in early Asian hours, its lowest since April 2022. The index is on course for its worst week since November. U.S. producer prices barely rose in June and the annual increase in producer inflation was the small...
Dollar at 15-month low as easing inflation firms rate peak bets
Dollar at 15-month low as easing inflation firms rate peak bets
Source: Reuters
14/07/2023 9:12:47 AM
Asia stocks set for best week of 2023, dollar reels on dovish Fed bets Asian stocks rose on Friday, on course for their best week this year, as a cooling in U.S. inflation stoked speculation that the Federal Reserve could pause rate hikes after this month. The dollar sank to a fresh 15-month low against major peers and U.S. Treasury yields languished near multi-week lows following the sharpest weekly drop in four months. Gold was poised for its best week in three months as the dollar floundered, while crude oil rose to the highest in nearly three months. ...
Asia stocks set for best week of 2023, dollar reels on dovish Fed bets
Asia stocks set for best week of 2023, dollar reels on dovish Fed bets
Source: Reuters
14/07/2023 8:51:15 AM
Yen steady, markets on intervention alert; Aussie up before RBA decision The yen nudged up on Tuesday but remained vulnerable to more weakness, hovering near the key 145 per dollar level as markets were on alert for signs of intervention, while the Australian dollar moved up ahead of a central bank policy decision. The yen was up 0.17% at 144.42 per dollar in early Asian hours, but remained close to last week's eight month low of 145.07 per dollar that prompted Finance Minister Shunichi Suzuki to warn against excessive yen selling. Earlier on Tuesday, Ja...
Yen steady, markets on intervention alert; Aussie up before RBA decision
Yen steady, markets on intervention alert; Aussie up before RBA decision
Source: Reuters
4/07/2023 9:24:22 AM
Rupee set for slightly weak start to data-heavy week The Indian rupee may open marginally lower on Monday, bogged down by the decline in Asian currencies, to kick off a data-heavy week that includes the release of the U.S. inflation data and then the Federal Reserve rate decision. Non-deliverable forwards indicate the rupee will open at around 82.50 to the U.S. dollar, compared with its close of 82.4625 in the previous session. "Rupee traders will be hoping for a little bit of volatility this week," a fx spot trader said. "...
Rupee set for slightly weak start to data-heavy week
Rupee set for slightly weak start to data-heavy week
Source: Reuters
12/06/2023 8:57:42 AM
Asia shares buoyed by Fed pause bets; dollar heavy Asia-Pacific equities rose to their highest level since mid-February on Friday, taking cues from an overnight Wall Street rally as market bets firmed for the Federal Reserve to skip a rate hike next week. Japanese and Australian bond yields followed those on U.S. Treasuries lower, and the dollar remained on the defensive early in the Asian session. MSCI's broadest index of Asia-Pacific shares added 0.6%, and at one point touched its strongest level since Feb. 16. Much of that was...
Asia shares buoyed by Fed pause bets; dollar heavy
Asia shares buoyed by Fed pause bets; dollar heavy
Source: Reuters
9/06/2023 8:35:51 AM
Dollar steady as traders consider Fed, global rates outlook The dollar was on the back foot on Thursday, though it drew some support from higher U.S. Treasury yields as traders contemplated the possibility of another rate hike by the U.S. Federal Reserve, even if it pauses next week. The increased expectations that U.S. and global interest rates may have further to rise has come on the back of surprise rate increases by the Bank of Canada (BoC) and the Reserve Bank of Australia (RBA) this week. The BoC on Wednesday hiked its overnight rate to a ...
Dollar steady as traders consider Fed, global rates outlook
Dollar steady as traders consider Fed, global rates outlook
Source: Reuters
8/06/2023 9:27:29 AM
Asian shares slide as traders fret on Fed rates Asian shares slipped on Thursday after a surprise interest rate hike by Bank of Canada revived worries that U.S. rates could stay higher for longer and the Federal Reserve could remain hawkish when it meets next week. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.53%, while Japan's Nikkei edged 0.08% higher. Australia's S&P/ASX 200 index eased 0.09%. The Bank of Canada (BoC) surprised markets on Wednesday by hiking its overnight rate to a 22-year ...
Asian shares slide as traders fret on Fed rates
Asian shares slide as traders fret on Fed rates
Source: Reuters
8/06/2023 9:20:20 AM
Australia central bank lifts cash rate amid high inflation Amid high inflation, the Reserve Bank of Australia (RBA) on Tuesday decided to increase the cash rate target by 25 basis points to 4.10 pe rcent, with the interest rate paid on Exchange Settlement balances also up by 25 basis points to 4 per cent. This marked the fourth rate hike so far this year and also the 12th jump since the central bank started tightening the money policy from a record low of 0.1 per cent in May last year, reports Xinhua news agency. After a meeting of the Bank Boa...
Australia central bank lifts cash rate amid high inflation
Australia central bank lifts cash rate amid high inflation
Source: IANS
6/06/2023 5:59:09 PM
Asian shares extend global rally; oil prices jump on Saudi cuts Asian shares extended a global rally on Monday on optimism the Federal Reserve would pause its rate hikes this month after a mixed U.S. jobs report, while oil jumped as Saudi Arabia pledged big output cuts in July. Brent oil jumped $1.82, or 2.4%, to $77.95 a barrel, while U.S. crude climbed $1.77, or 2.4%, to $73.51. Oil prices have recently come under pressure amid heightened concerns about China's slowing economic recovery. [O/R] Oil rose as Saudi Arabia announced it would cut it...
Asian shares extend global rally; oil prices jump on Saudi cuts
Asian shares extend global rally; oil prices jump on Saudi cuts
Source: Reuters
5/06/2023 8:45:23 AM
Dollar sags versus yen after Japan warning; Aussie slides on China data The dollar languished below the psychological 140 yen level on Wednesday after getting knocked back from a six-month high after Japanese officials met on Tuesday to discuss their currency. The Australian dollar rode a rollercoaster after it jumped on heated local inflation data only to be dragged lower moments later by more signs of a slowdown in China, a major trading partner. The Chinese yuan slumped to a six-month low in offshore trading. The Aussie was last down 0.15% at $0.6507, he...
Dollar sags versus yen after Japan warning; Aussie slides on China data
Dollar sags versus yen after Japan warning; Aussie slides on China data
Source: Reuters
31/05/2023 9:21:00 AM
Yen set to snap 3-week losing streak on bank jitters, dollar slips The yen was eyeing its first weekly gain in nearly a month on Friday, driven by safe haven demand as bank sector turmoil in the United States unfolds, while the dollar fell as traders priced in more aggressive rate cuts from the Federal Reserve. The euro edged away from its recent one-year peak and last stood at $1.1034, after the European Central Bank (ECB) on Thursday slowed the pace of its interest rate increases with a 25-basis-point hike. While ECB President Christine Lagarde signa...
Yen set to snap 3-week losing streak on bank jitters, dollar slips
Yen set to snap 3-week losing streak on bank jitters, dollar slips
Source: Reuters
5/05/2023 9:15:38 AM
Dollar in defensive mood after jobs data; Fed in focus  The dollar was subdued on Wednesday, weighed by bearish U.S. labour market data as investors fretted over the U.S. debt ceiling and banking sector risks, while waiting for the Federal Reserve's policy decision later in the day.   U.S. job openings fell for a third straight month in March and layoffs increased to the highest in more than two years, data showed on Tuesday, offering some hope that softening in the labour market could aid the Fed's fight against inflati...
Dollar in defensive mood after jobs data; Fed in focus
Dollar in defensive mood after jobs data; Fed in focus
Source: Reuters
3/05/2023 8:55:47 AM
Yen sinks to 15-year low vs euro as dovish BOJ contrasts with ECB The yen continued its steep descent on Tuesday, reaching a 15-year low to the euro, as the implications of a steadfastly dovish Bank of Japan kept foreign exchange markets busy engaging in so called 'carry-trades'. The Aussie dollar kept near the middle of its recent trading range with the greenback ahead of the Reserve Bank of Australia's (RBA) policy decision at 0430 GMT, with money markets positioned for a second meeting with no change. However, there remains a risk of anoth...
Yen sinks to 15-year low vs euro as dovish BOJ contrasts with ECB
Yen sinks to 15-year low vs euro as dovish BOJ contrasts with ECB
Source: Reuters
2/05/2023 9:10:08 AM
Euro near one-year peak as US economic risks weigh on dollar The euro hovered near a one-year high versus the dollar on Thursday, as Europe's resilient economy contrasted with banking contagion risks in the United States, the debt ceiling standoff and a potential recession. The risk-sensitive Aussie struggled to stay above the key 66 cent mark, while leading cryptocurrency bitcoin found its footing around $29,400 following wild swings in the previous session. The yen was in a holding pattern as the Bank of Japan began a two-day policy meeting...
Euro near one-year peak as US economic risks weigh on dollar
Euro near one-year peak as US economic risks weigh on dollar
Source: Reuters
27/04/2023 8:50:25 AM
Australia`s consumer confidence rises as rate hikes on hold Australia's consumer sentiment has seen an increase of 9.4 per cent, jumping from 78.4 in March to 85.8 in April, according to a new report released on Tuesday. "This strong recovery in the Index can be largely attributed to the decision by the Board of the Reserve Bank to break the sequence of 10 consecutive meetings when the cash rate was increased by deciding to pause at the April meeting," said Bill Evens, chief economist at the Westpac Group which issued the report. T...
Australia`s consumer confidence rises as rate hikes on hold
Australia`s consumer confidence rises as rate hikes on hold
Source: IANS
11/04/2023 2:23:24 PM
Dollar mired near two-month low; Kiwi gains on RBNZ surprise The U.S. dollar was stuck near two-month lows on Wednesday as weak economic data bolstered views that the Federal Reserve is near the end of its tightening cycle, while the New Zealand dollar jumped after a larger-than expected interest rate hike. New Zealand's central bank raised interest by 50 basis points (bps) to a more than 14-year high of 5.25% in a move that surprised markets, as 22 of 24 economists in a Reuters poll had forecast just a 25 bps hike. The kiwi rallied 1% to tou...
Dollar mired near two-month low; Kiwi gains on RBNZ surprise
Dollar mired near two-month low; Kiwi gains on RBNZ surprise
Source: Reuters
5/04/2023 8:41:04 AM
Dollar slides on sluggish US data, Aussie steadies ahead of Reserve Bank of Australia The dollar wobbled on Tuesday after a slump in U.S. manufacturing activity last month pointed to further signs of a slowing economy and trumped renewed inflation concerns following OPEC+'s surprise output cut. The Institute for Supply Management (ISM) survey showed on Monday that manufacturing activity fell to the lowest level in nearly three years in March as new orders continued to contract, with all subcomponents of its manufacturing PMI below the 50 threshold for the first time sin...
Dollar slides on sluggish US data, Aussie steadies ahead of Reserve Bank of Australia
Dollar slides on sluggish US data, Aussie steadies ahead of Reserve Bank of Australia
Source: Reuters
4/04/2023 8:51:19 AM
Oil prices surge, markets narrow odds on Fed hike  Oil prices surged on Monday after Saudi Arabia and other OPEC+ oil producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown in U.S. price data had boosted market optimism. Brent oil futures jumped $5.16 to $85.05 a barrel on news output would be cut by around 1.16 million barrels per day, while U.S. crude climbed $4.88 to $80.55. [O/R] The change comes before a virtual meeting of an OPEC+ ministerial panel, whi...
Oil prices surge, markets narrow odds on Fed hike
Oil prices surge, markets narrow odds on Fed hike
Source: Reuters
3/04/2023 8:45:55 AM
Dollar towers on lingering effects of Powell's testimony  The dollar was perched near a three-month high on Thursday as Federal Reserve Chair Jerome Powell's message that interest rates would have to go higher and possibly faster to tame inflation dominated sentiment and kept the U.S. currency in bid. In the second day of his testimony to Congress on Wednesday, Powell reaffirmed his hawkish message, though struck a cautious note that debate on the scale and path of future rate hikes was still underway and would be data-dependent. Tha...
Dollar towers on lingering effects of Powell's testimony
Dollar towers on lingering effects of Powell's testimony
Source: Reuters
9/03/2023 8:54:14 AM
Australian cash rate hits record high since May 2012 The Reserve Bank of Australia (RBA) has decided to lift the cash rate target by 25 basis points to 3.6 per cent, the highest since May 2012. This is the 10th consecutive rate hike since May of last year when the RBA announced the first 25-basis-point increase, reports Xinhua news agency. Following an RBA board meeting on Tuesday, the bank's Governor Philip Lowe said in a statement that high inflation makes life difficult for people and damages the functioning of the economy. &quo...
Australian cash rate hits record high since May 2012
Australian cash rate hits record high since May 2012
Source: IANS
7/03/2023 3:40:59 PM
Dollar jumps to six-week high on higher rate expectations The dollar surged on Friday to hit a six-week high against a basket of currencies as a bout of resilient economic data out of the United States raised market expectations that more interest rate hikes were in the offing. Data on Thursday showed that the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, while other data revealed that monthly producer prices increased by the most in seven months in January. The latest data releases gave the U.S. ...
Dollar jumps to six-week high on higher rate expectations
Dollar jumps to six-week high on higher rate expectations
Source: Reuters
17/02/2023 8:55:32 AM
Dollar climbs on higher rate expectations, Aussie slides on jobs shock  The dollar advanced on Thursday after strong U.S. retail sales data underpinned the resilience of the world's largest economy, cementing the case that the Federal Reserve still has further to go in tightening rates. Elsewhere, the Australian dollar slid after data on Thursday showed that employment surprised in January by falling for a second straight month, while the jobless rate jumped to its highest since last May. The Aussie, which was marginally higher on the day prior to...
Dollar climbs on higher rate expectations, Aussie slides on jobs shock
Dollar climbs on higher rate expectations, Aussie slides on jobs shock
Source: Reuters
16/02/2023 8:57:42 AM
Dollar finds friends after sticky U.S. inflation readout The dollar found some support on Wednesday after stubbornly high U.S. inflation suggested interest rates are going to remain high for longer than investors had expected. Headline CPI was 0.5% in January mostly due to higher rental and food costs. That was in line with forecasts, though the annual figure of 6.4% was a bit more than expected and traders busily unwound bets on rate falling toward the end of 2023. The U.S. dollar climbed to a six-week high of 133.30 yen and sat not far belo...
Dollar finds friends after sticky U.S. inflation readout
Dollar finds friends after sticky U.S. inflation readout
Source: Reuters
15/02/2023 9:19:21 AM
Not expecting recession in 2023, says Australian Treasurer Australia's Treasurer Jim Chalmers said on Wednesday that the country is not on track for a recession in 2023 despite the central bank again raising interest rates. The Reserve Bank of Australia (RBA) on Tuesday raised interest rates for the ninth meeting in a row to 3.35 per cent, reports Xinhua news agency. Making the announcement, RBA Governor Philip Lowe said he expects further increases will be needed to ensure inflation returns to target. Responding to the move, Chalmers sa...
Not expecting recession in 2023, says Australian Treasurer
Not expecting recession in 2023, says Australian Treasurer
Source: IANS
8/02/2023 1:01:46 PM
Dollar slips after Powell strikes balanced tone on inflation  The dollar fell on Wednesday after Federal Reserve Chair Jerome Powell declined to meaningfully harden his tone on inflation, despite very strong U.S. jobs numbers last week. In a question-and-answer session before the Economic Club of Washington on Tuesday, Powell said interest rates might need to move higher than expected if the U.S. economy remained strong, but reiterated he felt a process of "disinflation" is underway. The dollar slipped as Powell spoke and lost more...
Dollar slips after Powell strikes balanced tone on inflation
Dollar slips after Powell strikes balanced tone on inflation
Source: Reuters
8/02/2023 11:29:26 AM
S.Korea, Australia renew currency swap deal for 5 years The central banks of South Korea and Australia have agreed to renew their bilateral currency swap deal for five more years. The Bank of Korea (BOK) and the Reserve Bank of Australia extended their existing currency swap agreement, in which the South Korean currency is swapped for the Australian dollar, for five more years through February 5, 2028, Xinhua news agency reported citing an official statement released on Monday as saying. The size of the agreement was unchanged at A$12 billio...
S.Korea, Australia renew currency swap deal for 5 years
S.Korea, Australia renew currency swap deal for 5 years
Source: IANS
6/02/2023 5:23:39 PM
Dollar ticks up ahead of central bank meetings next week The dollar edged up on Friday to pull away from multi-month lows against the euro and sterling, as investors began to train their sights on a slew of major central bank meetings next week. The U.S. Federal Reserve, European Central Bank and Bank of England are all due to make rate decisions next week as they judge what policy adjustments may be required in their battle with rampant inflation against a tough global economic backdrop. Currency analysts said they did not expect big moves t...
Dollar ticks up ahead of central bank meetings next week
Dollar ticks up ahead of central bank meetings next week
Source: Reuters
27/01/2023 8:47:28 AM
Dollar skulks at eight-month low, central bank meetings in focus The dollar fell to an eight-month low against its peers on Thursday, as a gloomy U.S. corporate earnings season stoked recession fears ahead of a slew of central bank meetings next week The euro squeezed its way to a new nine-month high of $1.09295 and was last just below that level, little changed on the day. Sterling was up 0.15% to $1.2419, mounting a new bid on territory above $1.245 having failed to get there last week. This meant the U.S. dollar index, which measures the greenback...
Dollar skulks at eight-month low, central bank meetings in focus
Dollar skulks at eight-month low, central bank meetings in focus
Source: Reuters
26/01/2023 8:44:28 AM
World stocks pause near five-month peaks, caution sets in World stocks paused near five-month highs on Wednesday, as signs that central banks might need to keep hiking interest rates for longer dampened a recent wave of optimism that aggressive monetary tightening among big central banks is almost done. Australia's dollar shot up over 0.7% to its highest in over five months after data showing inflation rose to a 33-year high of 7.8% last quarter bolstered the case for another interest-rate hike from the Reserve Bank of Australia (RBA) next mo...
World stocks pause near five-month peaks, caution sets in
World stocks pause near five-month peaks, caution sets in
Source: Reuters
25/01/2023 8:58:53 AM
Worst of Australian inflation crisis over: Treasurer  Australia's Treasurer Jim Chalmers said on Sunday that the worst part of the country's inflation crisis was over. Ahead of the Australian Bureau of Statistics (ABS) releasing consumer price index (CPI) data for the final quarter of 2022 on Wednesday, Chalmers said he was optimistic that price increases would start to moderate in 2023, Xinhua News Agency reported. Wednesday's data is expected to reveal another rise in the CPI but both the Treasury and the Reserve Bank o...
Worst of Australian inflation crisis over: Treasurer
Worst of Australian inflation crisis over: Treasurer
Source: IANS
22/01/2023 3:54:39 PM
U.S. dollar weakens as risk appetite rises with data showing slowdown The dollar slid against most currencies in choppy, thin trading on Friday as data signaled that the U.S. economy is cooling a bit, reinforcing expectations of smaller interest rate increases from the Federal Reserve and improving investors' risk appetite. The personal consumption expenditures (PCE) price index rose 0.1% last month after climbing 0.4% in October. In the 12 months through November, the PCE index increased 5.5% after advancing 6.1% in October. Excluding the volatile fo...
U.S. dollar weakens as risk appetite rises with data showing slowdown
U.S. dollar weakens as risk appetite rises with data showing slowdown
Source: Reuters
23/12/2022 9:08:10 AM
Stocks, bonds fall as BOJ's surprise policy shift spooks investors Global stocks and bonds fell on Tuesday as a surprise policy tweak by Japan's central bank rattled investors already worried about the economic fallout of rising interest rates and lifted domestic bond yields to seven-year highs. The Bank of Japan (BOJ) widened the allowable band for long-term yields to 50 basis points either side of its 0% target, from 25 basis points previously. European stock markets hit six-week lows, with the German and French benchmark indices falling by as mu...
Stocks, bonds fall as BOJ's surprise policy shift spooks investors
Stocks, bonds fall as BOJ's surprise policy shift spooks investors
Source: Reuters
20/12/2022 8:50:58 AM
Dollar edges up, investors weigh outlooks for rates and economy The dollar edged up on Thursday, supported by a push higher in U.S. Treasury yields, as investors weighed the outlook for Federal Reserve policy against the chances that high interest rates could lead to a recession. Next week brings a raft of major central bank decisions, including those from the Federal Reserve, the European Central Bank and the Bank of England. The key question for traders and investors is whether inflation has reached a peak, giving policymakers more scope to delive...
Dollar edges up, investors weigh outlooks for rates and economy
Dollar edges up, investors weigh outlooks for rates and economy
Source: Reuters
8/12/2022 9:19:59 AM