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Dollar set to end week on a high, yen at five-month low  The dollar was set to cap the week on a strong note on Friday as it was perched near a two-year high bolstered by a hawkish U.S. rate outlook, while the yen struggled to stay afloat as it again weakened to a new low. Currencies took a breather after huge moves in the previous session sparked by a broad rally in the greenback. That drove its peers to milestone lows with the South Korean won sinking to a 15-year trough, the Canadian dollar tumbling to its weakest in more than four year...
Dollar set to end week on a high, yen at five-month low
Dollar set to end week on a high, yen at five-month low
Source: Reuters
2024-12-20 09:05:38 am
Dollar charges ahead, yen flinches lower after BOJ holds The dollar flirted with a two-year peak on Thursday after the Federal Reserve signalled a slower pace of rate cuts in 2025, while the yen blipped lower after the Bank of Japan (BOJ) stood pat on rates. The BOJ kept interest rates steady on Thursday as expected, underscoring policymakers' preference to spend more time scrutinising whether wage hikes will broaden and keep inflation durably around its 2% target. The yen fell in the immediate aftermath of the decision, weakening roughly...
Dollar charges ahead, yen flinches lower after BOJ holds
Dollar charges ahead, yen flinches lower after BOJ holds
Source: Reuters
2024-12-19 09:08:45 am
Gold prices edge higher with focus on Fed`s policy decision Gold prices edged higher on Wednesday as attention turned to the Federal Reserve's upcoming monetary policy decision, with the U.S. central bank anticipated to implement a third rate cut this year and provide insights into its plans for 2025. Spot gold nudged 0.1% higher to $2,648.43 per ounce by 0237 GMT. U.S. gold futures were flat at $2,663.20. The U.S. Fed began its two-day policy meeting on Tuesday, with focus on the central bank's updated economic projections and the dot p...
Gold prices edge higher with focus on Fed`s policy decision
Gold prices edge higher with focus on Fed`s policy decision
Source: Reuters
2024-12-18 09:12:19 am
Dollar steady against peers as Fed rate cut looms The U.S. dollar held steady against the yen and other major rivals on Wednesday as investors waited to see whether the Federal Reserve will deliver a hawkish cut before the Bank of Japan and other central banks meet this week. The Fed is widely expected to deliver a 25-basis-point interest rate cut at the end of its two-day policy meeting on Wednesday, with markets pricing in a 97% probability, according to the CME's FedWatch tool. Focus will fall on policymakers' new economic p...
Dollar steady against peers as Fed rate cut looms
Dollar steady against peers as Fed rate cut looms
Source: Reuters
2024-12-18 09:09:32 am
Gold prices steady ahead of Fed policy meeting Spot gold steadied on Tuesday ahead of the Federal Reserve's policy meeting as the market keenly awaited the U.S. central bank's outlook for cues on the interest rate path in 2025. Spot gold ticked up 0.1% to $2,655.07 per ounce, as of 0335 GMT. U.S. gold futures were flat at $2,672.40. "The market has almost discounted a 25-basis-point cut; however the 2025 outlook, the Fed dot chart and (Fed Chair Jerome) Powell's statements will be key to gauge the Fed's stance f...
Gold prices steady ahead of Fed policy meeting
Gold prices steady ahead of Fed policy meeting
Source: Reuters
2024-12-17 12:16:54 pm
Dollar supported as bets on 2025 rate cuts evaporate The dollar held firm and near recent peaks on Tuesday, on the eve of an expected interest rate cut in the United States, as traders ratchet long-term rate assumptions higher. The friendless euro, which is heading for a calendar-year drop of nearly 5% on the dollar, was not far from the year's lows at $1.0518. The gap between U.S. and German ten-year yields is 216 basis points and has widened nearly 70 bps in three months. The yen was on the back foot for a seventh consecutive ses...
Dollar supported as bets on 2025 rate cuts evaporate
Dollar supported as bets on 2025 rate cuts evaporate
Source: Reuters
2024-12-17 09:07:29 am
Monetary Policy Shifts Amid Crude Oil Price Volatility in 2025 by Amit Gupta, Kedia Advisory As crude oil markets continue to be shaped by global supply surpluses, demand uncertainties, and geopolitical tensions, central banks are adjusting their monetary policies to navigate these evolving dynamics. The projected decline in crude oil prices for 2025, coupled with potential disruptions, presents both challenges and opportunities for policymakers worldwide. These developments are expected to influence inflation rates, currency stability, and broader economic growth, prompting central ...
Monetary Policy Shifts Amid Crude Oil Price Volatility in 2025 by Amit Gupta, Kedia Advisory
Monetary Policy Shifts Amid Crude Oil Price Volatility in 2025 by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-12-16 12:12:41 pm
Dollar hovers near 3-week high before Fed; bitcoin tops $105,000 The U.S. dollar hovered close to a three-week peak versus major peers on Monday amid expectations the Federal Reserve will cut interest rates this week but then signal a measured pace of easing for 2025. Bitcoin soared above $105,000 for the first time, buoyed by signs President-elect Donald Trump will go ahead with a potential strategic bitcoin reserve. The yen struggled to recover following its worst week since September after Reuters and other news outlets reported that the Bank of J...
Dollar hovers near 3-week high before Fed; bitcoin tops $105,000
Dollar hovers near 3-week high before Fed; bitcoin tops $105,000
Source: Reuters
2024-12-16 09:22:28 am
Asia wary of Fed rate future, China data disappoints Asian stock markets were in a wary mood on Monday as surging bond yields challenged equity valuations, particularly for the richly priced tech sector, in a week packed with central bank meetings and major economic data. Figures from China out on Monday showed retail sales rose just 3.0% in November, compared to a year earlier, well below market forecasts of 4.6% and evidence of the need for much more aggressive stimulus. Industrial production was much as expected, while house prices were s...
Asia wary of Fed rate future, China data disappoints
Asia wary of Fed rate future, China data disappoints
Source: Reuters
2024-12-16 08:57:14 am
Fixed Income House View - November 2024 by Tata Mutual Fund GLOBAL MARKETS Global Central Banks on rate cut cycle * Federal Open Market Committee (FOMC) in its Feb meeting, reduced the target range of its Fed Funds Target Rate (FFTR) to 5.50% - 4.75% * This was the second rate cut after having raised rates elevated at 5.25% - 5.50% since July 2023 * The European Central Bank and Bank of England also reduced deposit rates to 3.4% and 4.75%. * RBI governor has stated their rate cut decisions are influenced by domestic factors even though ...
Fixed Income House View - November 2024 by Tata Mutual Fund
Fixed Income House View - November 2024 by Tata Mutual Fund
Source: Tata Mutual Fund
2024-11-27 10:45:09 am
US Fed`s 2nd consecutive rate cut a booster for emerging markets like India The US Fed’s second consecutive rate cut this year of 25 basis points should be bullish for emerging markets like India, market experts said on Friday.  It wasn't a surprise when the US Fed cut interest rates by 25 basis points (bps) to 4.75 per cent and given the US macro indicators, the rate cuts now are rather pre-emptive. “India, on the other hand, is facing sticky food inflation but also lower growth possibilities. The RBI is facing the trilemma between growth,...
US Fed`s 2nd consecutive rate cut a booster for emerging markets like India
US Fed`s 2nd consecutive rate cut a booster for emerging markets like India
Source: IANS
2024-11-08 10:39:06 am
Dollar backs off post-election highs ahead of rate decisions The dollar held near four-month highs on Thursday, having scored its biggest one-day rally in two years following Donald Trump's win in the U.S. presidential election, and as investors prepped for several central bank decisions including the Federal Reserve. Sterling rallied ahead of a Bank of England meeting, while the Swedish and Norwegian crowns edged up after in-line decisions from their respective central banks. Front and centre, however, was the dollar, which rose by as m...
Dollar backs off post-election highs ahead of rate decisions
Dollar backs off post-election highs ahead of rate decisions
Source: Reuters
2024-11-07 09:06:32 am
Dollar on back foot as Trump trades unwind; Aussie wary before RBA The dollar started Tuesday on the defensive as traders squared positions on the day of the U.S. presidential election, after recent polls dented some of the market bets on a victory for Republican Donald Trump. Democrat Kamala Harris has also experienced improving odds on election gambling sites and has a slight lead on PredictIt, although Polymarket continues to show Trump as favourite. The U.S. currency slumped as much as 0.76% against the euro overnight to a three-week trough after a...
Dollar on back foot as Trump trades unwind; Aussie wary before RBA
Dollar on back foot as Trump trades unwind; Aussie wary before RBA
Source: Reuters
2024-11-05 08:42:51 am
Dollar slips ahead of US election and as Fed rate cut looms The dollar slipped in Asia on Monday as investors braced for a potential pivot this week for the global economy as the United States chooses a new leader, and as it likely cuts interest rates again with major implications for bond yields. The euro rose 0.4% to $1.0884 but faces resistance around $1.0905, while the dollar fell 0.7% on the yen to 151.81 yen. The dollar index eased 0.1% to 103.79. Treasury futures rallied 10 ticks, recovering some of the losses suffered on Friday. [US/] ...
Dollar slips ahead of US election and as Fed rate cut looms
Dollar slips ahead of US election and as Fed rate cut looms
Source: Reuters
2024-11-04 08:26:57 am
Asia markets start momentous month on cautious side, US payrolls awaited Asian markets started a likely momentous month on the cautious side, with shares mostly lower and Treasury yields near three-month highs on Friday, while investors wait for U.S. payrolls data, although a rate cut next week is largely baked in. Investors are awaiting Friday's nonfarm payrolls report, ahead of Tuesday's U.S. presidential election and Federal Reserve's policy meeting a day later. Oil extended its rally, with Brent prices up almost 2% to $74.13 a barrel, on repo...
Asia markets start momentous month on cautious side, US payrolls awaited
Asia markets start momentous month on cautious side, US payrolls awaited
Source: Reuters
2024-11-01 08:56:28 am
60 pc gold reserves held domestically, up over 102 tonnes in April-Sep: RBI data As gold prices continue to surge amid geo-political tensions, the Reserve Bank of India (RBI) had 854.73 metric tonnes of gold as of September 30 and out of which, 510.46 metric tonnes were held domestically.  Gold held domestically surged more than 102 tonnes between April and September this year to 510.46 metric tonnes, against 408 metric tonnes at the end of March. While 324.01 metric tonnes of gold were kept in safe custody with the Bank of England and the Bank for Internationa...
60 pc gold reserves held domestically, up over 102 tonnes in April-Sep: RBI data
60 pc gold reserves held domestically, up over 102 tonnes in April-Sep: RBI data
Source: IANS
2024-10-30 10:16:48 am
Gold flirts with record highs ahead of US data Gold rose on Thursday to hover below record levels, underpinned by uncertainty surrounding the U.S. elections and expectations of more rate cuts by major central banks, while investors looked forward to a slew of U.S. data for further direction. Spot gold rose 0.3% to $2,682.14 per ounce by 0221 GMT. Prices had climbed to a session high of $2,685.16 on Wednesday, shy of the record $2,685.42 scaled on Sept. 26. U.S. gold futures gained 0.2% to $2,697.40. "Investors are seeking sa...
Gold flirts with record highs ahead of US data
Gold flirts with record highs ahead of US data
Source: Reuters
2024-10-17 08:54:53 am
Reaction on US Fed rate cut announcement by Anitha Rangan, Economist at Equirus Below the Reaction on US Fed rate cut announcement by Anitha Rangan, Economist at Equirus   "While the debate on whether the move will be 25 or 50 bp has been answered, the move itself has left more questions than answers. The first being, if the economy is so strong (as Powell reiterated multiple times, why was there a need for 50 bp. May be to compensate for the cut they did not do in July. Nevertheless, Fed is also not in a rush (again as per Powell) – then why the ru...
Reaction on US Fed rate cut announcement by Anitha Rangan, Economist at Equirus
Reaction on US Fed rate cut announcement by Anitha Rangan, Economist at Equirus
Source: PR Agency
2024-09-20 04:45:41 pm
Dollar weak, yen at 2024 high on bets of big rate cut from Fed  The dollar softened on Friday, with the yen hitting its highest level this year as investors remained on tenterhooks ahead of next week's central bank bonanza where the focus is on the Federal Reserve and the size of its expected interest rate cut. While the Fed is all but certain to cut rates next week, uncertainty around whether it will go with a 25 basis point cut or 50 basis points (bps) has kept investors on edge and weighed on the dollar. Analysts pointed to media report...
Dollar weak, yen at 2024 high on bets of big rate cut from Fed
Dollar weak, yen at 2024 high on bets of big rate cut from Fed
Source: Reuters
2024-09-13 08:56:04 am
US, Seoul markets down over Nvidia's underwhelming earnings result South Korean shares dropped more than 1 per cent after opening on Thursday, taking a cue from Wall Street losses prompted by an underwhelming earnings result by global artificial intelligence (AI) chip giant Nvidia.  The benchmark Korea Composite Stock Price Index (KOSPI) fell 31.62 points, or 1.18 per cent, to 2,658.21 in the first 15 minutes of trading, Yonhap news agency reported. Overnight in the United States, the Dow Jones Industrial Average fell 0.39 per cent, with the S&...
US, Seoul markets down over Nvidia's underwhelming earnings result
US, Seoul markets down over Nvidia's underwhelming earnings result
Source: IANS
2024-08-28 08:55:39 am
Dollar sinks vs yen, hovers near 2-1/2-year low to sterling after Fed`s dovish shift  The yen rose to a three-week high against the dollar on Monday as Federal Reserve Chair Jerome Powell's emphatic dovish shift contrasted sharply with Bank of Japan chief Kazuo Ueda's steadfastly hawkish tone. The U.S. currency hovered near its lowest in 13 months against the euro. It also sagged closer to levels last seen in March 2022 versus sterling, with Bank of England head Andrew Bailey's comments that it was "too early to declare victory" over inflation si...
Dollar sinks vs yen, hovers near 2-1/2-year low to sterling after Fed`s dovish shift
Dollar sinks vs yen, hovers near 2-1/2-year low to sterling after Fed`s dovish shift
Source: Reuters
2024-08-26 09:04:16 am
Yen firms as BOJ's Ueda flags readiness to hike; markets brace for Powell The yen rose on Friday as traders considered comments from Bank of Japan Governor Kazuo Ueda, who sought to calm lingering nerves after a surprise rate hike last month, while markets braced for a speech from Federal Reserve Chair Jerome Powell. With the spotlight squarely on the central bankers, Ueda appeared first in Japan's parliament to explain the rate increase that had rattled investors. The yen was 0.38 % higher at 145.75 per dollar on Friday in choppy trading after Ueda reaff...
Yen firms as BOJ's Ueda flags readiness to hike; markets brace for Powell
Yen firms as BOJ's Ueda flags readiness to hike; markets brace for Powell
Source: Reuters
2024-08-23 09:00:55 am
Dollar rises after retail sales and jobs data  The U.S. dollar rose against a basket of currencies on Thursday, after data showed lower than expected jobless claims and a rise in retail sales as markets look for signs of how the broader health of the economy will influence the size of upcoming rate cuts. The dollar index, which tracks the U.S. currency against six major peers, was at 102.96, up 0.36%.
Dollar rises after retail sales and jobs data
Dollar rises after retail sales and jobs data
Source: Reuters
2024-08-15 09:54:15 am
Stocks sell off as US data sparks worry, yields plunge Global equities dropped on Thursday, with Wall Street's major indexes selling off as U.S. data sparked economic worries and financial stocks in Europe saw their biggest one-day rout since March 2023. Treasury yields plunged following the weak data, with the U.S. two-year to 10-year note yields dropping to six-month lows, below 4%. Oil futures finished lower as global supply seemed largely unaffected by worries of a broadening Middle East crisis. [O/R] The Federal Reserve held int...
Stocks sell off as US data sparks worry, yields plunge
Stocks sell off as US data sparks worry, yields plunge
Source: Reuters
2024-08-02 09:11:25 am
Bank of England cuts interest rate to 5 percent The Bank of England (BoE) has voted to cut its benchmark interest rate to five per cent, the United Kingdom's (UK) central bank said in a statement on Thursday.  At a meeting on Wednesday, the BoE's Monetary Policy Committee (MPC) voted by a majority of 5-4 to reduce the interest rate by 0.25 per cent points, to 5 per cent, Xinhua news agency reported. Four members preferred to maintain the rate at 5.25 per cent. This is BoE's first rate cut in four years.
Bank of England cuts interest rate to 5 percent
Bank of England cuts interest rate to 5 percent
Source: IANS
2024-08-01 05:42:58 pm
Rupee expected to hold close to record low ahead of Federeal Reserve outcome The Indian rupee is likely to open largely unchanged near its record low on Wednesday and trade in a tight band ahead of the U.S. Federal Reserve's policy decision due later in the day. Non-deliverable forwards indicate the rupee will open at around 83.71-83.72 against the U.S. dollar, nearly unchanged from its previous close of 83.7275. The rupee had declined to a record low of 83.74 on Monday. The dollar index was down slightly at 104.3, while most Asian currencies nudged higher, ...
Rupee expected to hold close to record low ahead of Federeal Reserve outcome
Rupee expected to hold close to record low ahead of Federeal Reserve outcome
Source: Reuters
2024-07-31 09:06:08 am
Dollar, yen hold tight ranges ahead of BOJ, Federeal Reserve The dollar and yen kept within close ranges on Tuesday as traders awaited a barrage of key central bank decisions, kicking off with midweek monetary policy meetings from the Bank of Japan and Federal Reserve. The Japanese currency was taking a breather from its recent rally as the BOJ began its two-day meeting on Tuesday, having surged over 2% against the dollar last week. A slew of factors have collided to help the yen strengthen from the 38-year low of 161.96 hit against the dollar at...
Dollar, yen hold tight ranges ahead of BOJ, Federeal Reserve
Dollar, yen hold tight ranges ahead of BOJ, Federeal Reserve
Source: Reuters
2024-07-30 08:46:08 am
Gold lacks momentum as Fed meeting looms Gold struggled for momentum on Tuesday as investors looked for more cues on when the U.S. central bank will cut interest rates from this week's policy meeting and data releases. Spot gold was down 0.1% at $2,380.31 per ounce, as of 0156 GMT. U.S. gold futures were little changed at $2,377.30. The Federal Reserve is expected to hold rates steady at the end of its two-day meeting starting later in the day, but open the door to policy easing as early as September by acknowledging infla...
Gold lacks momentum as Fed meeting looms
Gold lacks momentum as Fed meeting looms
Source: Reuters
2024-07-30 08:41:26 am
Global economy's growing resilience at odds with rate cut expectations Optimism about global growth prospects this year and next is building among hundreds of economists polled by Reuters, with risks still tilted toward higher inflation even as they cling on to their forecasts for interest rate cuts.  While most major central banks were successful last year in taming sky-rocketing inflation rates with rapid rate hikes, a resilient global economy with strong employment and wage growth has kept alive risks of price pressures surging again. In all, a 56%...
Global economy's growing resilience at odds with rate cut expectations
Global economy's growing resilience at odds with rate cut expectations
Source: Reuters
2024-07-29 05:42:53 pm
Dollar holds firm as Fed seen less dovish than peers The dollar touched an eight-week high above 159 yen on Friday and traded at its highest in nearly five weeks against sterling, with the Federal Reserve's patient approach to cutting interest rates contrasting with more dovish stances elsewhere. The dollar index, which measures the currency against six others, spiked 0.41% overnight, erasing declines for the week, following a second successive rate cut at the Swiss National Bank and hints from the Bank of England for a reduction in Augu...
Dollar holds firm as Fed seen less dovish than peers
Dollar holds firm as Fed seen less dovish than peers
Source: Reuters
2024-06-21 09:00:04 am
Sterling steady ahead of BoE decision; dollar wobbles against yen The British pound held broadly steady on Thursday ahead of a rate decision from the Bank of England (BoE) later in the day, while the dollar was on the back foot as it awaited fresh market catalysts. Currencies were trading in tight ranges following a holiday in the United States and as investors looked not only to the BoE but also central bank decisions in Switzerland and Norway. Sterling last bought $1.2719 after having eked out a slight gain in the previous session, while the euro ro...
Sterling steady ahead of BoE decision; dollar wobbles against yen
Sterling steady ahead of BoE decision; dollar wobbles against yen
Source: Reuters
2024-06-20 08:53:02 am
Asian stocks hold on to gains; BoE in focus  Asian stocks took a breather on Thursday, hovering near their highest in two years as traders waited for more U.S. policy clues, while sterling was steady before a Bank of England meeting where rates are expected to remain unchanged. Apart from the BoE, investors will also watch out for central bank decisions from Switzerland and Norway on Thursday to set the tone for global rates outlook. MSCI's broadest index of Asia-Pacific shares outside Japan was little changed at 572.97,...
Asian stocks hold on to gains; BoE in focus
Asian stocks hold on to gains; BoE in focus
Source: Reuters
2024-06-20 08:51:30 am
Dollar steadies; sterling dips ahead of inflation test The dollar was nursing losses on Wednesday after soft U.S. retail sales data reinforced bets of imminent Federal Reserve rate cuts, while sterling eased a touch ahead of a reading on UK inflation due later in the day. Figures released on Tuesday showed U.S. retail sales barely rose in May and data for the prior month was revised considerably lower, suggesting that economic activity remained lacklustre in the second quarter. That knocked the greenback lower in the immediate aftermath, th...
Dollar steadies; sterling dips ahead of inflation test
Dollar steadies; sterling dips ahead of inflation test
Source: Reuters
2024-06-19 08:50:45 am
More central banks to increase gold reserves within 12 months, WGC survey finds More central banks plan to add to their gold reserves within a year and more of them expect others to do so as well, due to ongoing macroeconomic and political uncertainty despite high prices for the precious metal, the World Gold Council (WGC) said in its annual survey. Demand for gold from central banks has been elevated in the last two years as some countries diversify their foreign currency reserves. Their demand contributed to the gold price rally in March-May with the spot price hitt...
More central banks to increase gold reserves within 12 months, WGC survey finds
More central banks to increase gold reserves within 12 months, WGC survey finds
Source: Reuters
2024-06-18 12:43:42 pm
Gold from UK shifted to India as we have enough storage capacity: RBI Chief The Reserve Bank of India (RBI) has shifted 100 metric tonnes of its gold kept in bank vaults in the United Kingdom to its own vaults in India as there was enough domestic storage capacity and no meaning should be read into it, RBI Governor Shaktikanta Das said on Friday. He said that the quantum of gold stored outside was static for a long time. "In recent years, the data shows that the Reserve Bank of India is buying gold as a part of its reserves, and the quantum was going up. W...
Gold from UK shifted to India as we have enough storage capacity: RBI Chief
Gold from UK shifted to India as we have enough storage capacity: RBI Chief
Source: IANS
2024-06-08 09:19:32 am
Dollar wallows at multi-month lows as Fed cut bets grow The dollar languished at its lowest since April against the euro and sterling on Tuesday as signs of a softening U.S. economy boosted the case for earlier Federal Reserve interest rate cuts. The U.S. currency wallowed near a two-week trough to the yen after data showed a second straight month of slowdown in manufacturing activity and an unexpected decline in construction spending. Following the data, fed funds futures increased the chances of a rate cut in September to around 59.1%, acc...
Dollar wallows at multi-month lows as Fed cut bets grow
Dollar wallows at multi-month lows as Fed cut bets grow
Source: Reuters
2024-06-04 09:02:06 am
RBI shifts 100 tonnes of gold from vaults in UK to India The Reserve Bank of India (RBI) has shifted around 100 tonnes of its gold kept in bank vaults in the UK to its own vaults in India in a move aimed at saving storage costs, according to media reports. This is the first time since 1991 that India has undertaken such a large-scale overseas transfer of gold reserves. Economist Sanjeev Sanyal, a member of the PM’s Economic Advisory Council, said, "While no one was watching, RBI has shifted 100 tonnes of its gold reserves back to I...
RBI shifts 100 tonnes of gold from vaults in UK to India
RBI shifts 100 tonnes of gold from vaults in UK to India
Source: IANS
2024-05-31 04:16:42 pm
Dollar hovers near highest in a week after hawkish Fed minutes The dollar hovered near a one-week high on Thursday following its best day this month against its major peers after minutes of the last Federal Reserve meeting revealed a willingness to raise interest rates among some officials. Sterling remained firm after jumping to a one-month peak following hotter-than-expected inflation, and also drew support from the announcement of a UK parliamentary election for July 4. The yen languished just above a three-week low despite the continued threat ...
Dollar hovers near highest in a week after hawkish Fed minutes
Dollar hovers near highest in a week after hawkish Fed minutes
Source: Reuters
2024-05-23 08:44:40 am
Dollar steady as Fed urges patience; kiwi jumps on hawkish RBNZ outlook The dollar was steady against a handful of peers on Wednesday, as the market assessed calls for patience from Federal Reserve officials and awaited the publication of Fed minutes for more insight on the central bank's path. The kiwi stood out against the calm, leaping after the Reserve Bank of New Zealand's monetary policy decision. While RBNZ left its benchmark cash rate at 5.5% as widely expected, the central bank said that there was some concern the inflation rate had fallen ...
Dollar steady as Fed urges patience; kiwi jumps on hawkish RBNZ outlook
Dollar steady as Fed urges patience; kiwi jumps on hawkish RBNZ outlook
Source: Reuters
2024-05-22 08:57:16 am
Asia stocks edge up on Nvidia hopes, NZ dollar jumps Asian shares edged higher on Wednesday as anxious investors dared to hope AI-diva Nvidia could meet sky-high expectations, while keeping a wary eye on the outlook for U.S. and UK interest rates. New Zealand's central bank offered a sobering assessment of its inflation problems, warning that rates would have to be higher for longer to bring them to heel in a shock to local markets. That saw the kiwi dollar jump 0.9% to a one-month high of $0.6151 as bond yields spiked. MSCI's ...
Asia stocks edge up on Nvidia hopes, NZ dollar jumps
Asia stocks edge up on Nvidia hopes, NZ dollar jumps
Source: Reuters
2024-05-22 08:48:07 am
Dollar nurses losses after another set of soft jobs data The U.S. dollar had a soft tone in early Asian trading on Friday after losing ground overnight to the euro and sterling on the back of U.S. data showing further signs of a cooling labour market and hence higher odds of Fed rate cuts this year. Against the Japanese yen, the dollar was trading at 155.39 yen, down from highs of 155.95 hit in the previous session. The euro stood at $1.0782, after a 0.3% gain overnight. The dollar index, which measures the greenback against a basket of curre...
Dollar nurses losses after another set of soft jobs data
Dollar nurses losses after another set of soft jobs data
Source: Reuters
2024-05-10 09:10:21 am
Asia stocks rally on renewed global rate cut optimism Asian stocks rose on Friday, on course for a third week of gains, while the dollar was on the back foot as fresh signs of an easing U.S. labour market stoked optimism around interest rate cuts this year ahead of next week's crucial inflation data. Sterling was steady at $1.2515, having touched over two-week low of $1.2446 on Thursday after Bank of England (BoE) paved the way for the start of rate cuts as soon as next month. MSCI's broadest index of Asia-Pacific shares outside Ja...
Asia stocks rally on renewed global rate cut optimism
Asia stocks rally on renewed global rate cut optimism
Source: Reuters
2024-05-10 08:42:21 am
Rupee strengthens against US dollar on Thursday Indian rupee strengthened against the US dollar on Thursday ahead of the release of US weekly job data, while investors are also awaiting the Bank of England’s interest rate decision later in the day. However, a negative trend in domestic equities and foreign fund outflows have restricted the up-move. The FED speakers also warned that US interest rates could remain higher for longer. Foreign Institutional Investors were net sellers in the capital markets on Wednesday, as they offloaded ...
Rupee strengthens against US dollar on Thursday
Rupee strengthens against US dollar on Thursday
Source: Accord Fintech
2024-05-09 12:32:24 pm
Dollar holds its ground as key inflation data looms The dollar held tight ranges against most peers on Thursday as traders awaited key U.S. inflation data for cues on Federal Reserve policy, while the focus on the massive interest rate gap between Japan and the U.S. helped it make some gains on the yen. Against the Japanese yen, the dollar slowly inched up after it fell more than 3% last week, its biggest weekly percentage drop since early December 2022. The yen received a slight boost in the Asian morning following the release of the Ba...
Dollar holds its ground as key inflation data looms
Dollar holds its ground as key inflation data looms
Source: Reuters
2024-05-09 09:28:01 am
Rupee to shrug off drop in Asia FX, higher US yields The Indian currency is expected to inch higher at the open on Thursday, ignoring the weakness in its Asian peers and the uptick in U.S. Treasury yields. Non-deliverable forwards indicate the rupee will open at 83.46-83.48 to the U.S. dollar, compared with its close of 83.5175 in the previous session. "There is nothing much here. A slightly softer opening (for USD/INR), if it does materialize, will not change the directionless mode we are in," an FX trader at a bank said. &q...
Rupee to shrug off drop in Asia FX, higher US yields
Rupee to shrug off drop in Asia FX, higher US yields
Source: Reuters
2024-05-09 09:20:10 am
China outperforms Asian shares on solid trade data, BOE in focus Asian shares were mixed on Thursday but solid Chinese trade data helped China stocks outperform, while the yen stabilised after three days of decline as Japanese authorities hinted at the potential for currency intervention. Europe looked set for a subdued open, with EUROSTOXX 50 futures flat, although the FTSE 100 was up 0.1% ahead of an interest rate decision from the Bank of England later in the global day. All eyes are on the prospects of a June rate cut following the overnight move...
China outperforms Asian shares on solid trade data, BOE in focus
China outperforms Asian shares on solid trade data, BOE in focus
Source: Reuters
2024-05-09 09:08:52 am
Firm dollar drags yen down closer to intervention range A firm U.S. dollar had the yen locked near a fresh 34-year low on Tuesday, keeping investors on heightened intervention watch as they looked ahead to key U.S. inflation report and the Bank of Japan's rate decision this week. The yen remained pinned after hitting 154.85 yen on Monday, its lowest level since the mid-1990s, as the stark U.S.-Japan rate differentials came into focus again amid an easing in Iran-Israel tensions. It last hovered around 154.76 per dollar. Traders have been...
Firm dollar drags yen down closer to intervention range
Firm dollar drags yen down closer to intervention range
Source: Reuters
2024-04-23 08:49:49 am
Yen on intervention watch; Asia shares subdued The yen languished near its weakest in decades on Thursday though the threat of intervention from Japanese authorities kept investors leery of pushing the currency to a new low, while Asian stocks fell ahead of a key U.S. inflation reading. Markets were largely rangebound ahead of Friday's much-anticipated U.S. core personal consumption expenditures (PCE) price index data, the Federal Reserve's preferred measure of inflation. Few markets will be open to digest the new reading, howe...
Yen on intervention watch; Asia shares subdued
Yen on intervention watch; Asia shares subdued
Source: Reuters
2024-03-28 08:59:51 am