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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
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
Stocks struggle as oil surge sets stage for hawkish Fed Asian stocks struggled for headway on Wednesday while 10-year U.S. Treasury yields stood at 16-year highs as surging oil prices drive inflation and set the scene for the Federal Reserve to project interest rates staying higher for longer.Brent crude futures eased from 10-month highs overnight but at $94.26 a barrel are up 30% in three months thanks to Saudi Arabia and Russia vowing to extend output cuts.Higher energy costs led to a bigger-than-expected spike in Canadian inflation, overnight d...
Stocks struggle as oil surge sets stage for hawkish Fed
Stocks struggle as oil surge sets stage for hawkish Fed
Source: Reuters
2023-09-20 08:52:10am