Category: Cut
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ECB’s Villeroy: French goal to cut deficit to 3% of GDP by 2027 is not realistic
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Villeroy from the European Central Bank It is strange that governments are still violating eurozone deficit rules in 2027 – seven years into the pandemic emergency – and it is clear that this will not end well. In the long run, I think this would suggest that the optimal course…
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Will the dollar smile on a 25 bps cut, Morgan Stanley asks By Investing.com
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Investing.com – The U.S. dollar was hit hard by expectations that the Federal Reserve will start its rate-cutting cycle this week with a massive 50 basis point cut, but that raises the possibility of a rebound if a smaller cut occurs, according to Morgan Stanley. The US central bank begins…
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Dollar dragged by 50 bps Fed cut wagers By Reuters
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LONDON (Reuters) – The dollar traded near its lowest levels this year on Tuesday, on the eve of the expected start of U.S. monetary easing that markets are betting could start with a big interest rate cut. The euro was steady at around $1.1133 by 08:30 GMT, not far from…
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USDJPY Technical Analysis – The USD stays under pressure on a larger cut chance
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Basic Overview Last Thursday, The Wall Street Journal’s Timiraos published an article that seemed to suggest that a 50 basis point cut was still under discussion. The market responded by raising the odds of a 50 basis point cut to about 40% from 13% before the news. Nick Timeraos is…
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Will the US retail sales report tip the scale to a 50bp Fed rate cut? The ranges to watch.
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UBS says retail sales data could tip the balance between a 25bp or 50bp rate cut: Retail sales and industrial production data… Weakness in these data could affect the Fed’s decision to cut the federal funds rate by 50 basis points instead of 25 basis points I’m not entirely sure…
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Euro gains after ECB rate cut as Lagarde pushes back on October ease By Reuters
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By Gertrude Chavez-Dreyfus and Chibuike Oguh NEW YORK (Reuters) – The euro rose against the dollar on Thursday after the European Central Bank cut interest rates and its president, Christine Lagarde, tempered expectations for another cut next month, saying the bank would let economic data dictate the next policy move.…
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US dollar drops to near 9-month low versus yen amid talk of larger Fed rate cut By Reuters
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(This Sept. 13 story has been refiled to remove Mellon’s BNY name in paragraph 8.) By Gertrude Chavez-Dreyfus and Chibuike Oguh NEW YORK (Reuters) – The U.S. dollar fell to its lowest level in nearly nine months against the Japanese yen on Friday after media reports rekindled speculation that the…
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Short-Term Panic For Bitcoin Likely After Upcoming Fed Rate Cut, Market Expert Warns
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With the Federal Reserve set to cut interest rates just days away, a cryptocurrency expert has shed light on the implications. BitcoinThe performance of the central bank after the interest rate cut, especially on September 18, has been the subject of much debate within society at large. “High probability of…
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Short-Term Panic For Bitcoin Likely After Upcoming Fed Rate Cut, Market Expert Warns
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With the Federal Reserve set to cut interest rates just days away, a cryptocurrency expert has shed light on the implications. BitcoinThe performance of the central bank after the interest rate cut, especially on September 18, has been the subject of much debate within society at large. “High probability of…
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Bank of England faces pressure to cut rates as job vacancies and factory output decline
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The Bank of England is facing increasing pressure to cut interest rates this week as signs of a slowing economy emerge in job vacancies and industrial production. According to the Recruitment and Employment Confederation, job vacancies fell by 3.2% in August, with nearly 720,000 new advertisements, reflecting a slowing labour…
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Dollar weakens, yen strengthens as bets firm on aggressive Fed rate cut By Reuters
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By Vidya Ranganathan and Samuel Indyk LONDON (Reuters) – The dollar fell and the yen hit its highest in more than a year on Monday as market participants grew more expectant of a large interest rate cut by the U.S. Federal Reserve later this week. The dollar fell to a…
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Fed Interest-Rate Cut Hopes Lift Yen, Boost Bonds: Markets Wrap
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(Bloomberg) — Bonds rose as traders braced for the U.S. Federal Reserve to cut interest rates, expectations that also lifted the yen. Most Read from Bloomberg Stock markets began a crucial week with quiet moves, with Europe’s benchmark STOXX 600 index down while US stock futures were flat as investors…
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UBS on the data ahead of the FOMC meeting – what could trigger a 50bp interest rate cut
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The main US data this week is on Tuesday, with the Federal Open Market Committee (FOMC) announcement the following day. UBS is watching retail sales and industrial production data, saying weakness in these could impact the European Central Bank’s decision to cut the federal funds rate by 50 basis points…
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Paulson on CNBC: He favors a 50 basis point cut by the Fed
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Wall Street advances as traders’ bets rise for bigger Fed rate cut By Reuters
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By Sinead Carew and Shashwat Chauhan (Reuters) – Wall Street’s main indexes ended higher on Friday as investors focused on the chance of further interest rate cuts by the Federal Reserve next week, with interest-rate-sensitive small-cap stocks outperforming. Bets on the size of the Fed rate cut were mixed, and…
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Bitcoin Surges to $60,000 as Markets Brace for Potential Fed Rate Cut
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Bitcoin has surged to $60,000, supported by expectations of a Federal Reserve rate cut next week. Bitcoin’s rise comes as markets brace for a 25-50 basis point rate cut, a move that many believe could boost the value of bitcoin and riskier investments. Earlier this summer, Federal Reserve Chairman Jerome…
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Goldman Sachs sees a 25 basis point cut from the Fed next week
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Go big or go small? JP Morgan reiterates its call for 50 basis point cut next week.
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Cut or not cut 50 basis points. As the Federal Reserve’s September meeting approaches, JPMorgan reiterated its call for a 50 basis point rate cut, scheduled for Wednesday at 2 p.m. ET. Following Nick Timiraos’s article highlighting the Fed’s predicament, market odds have shifted from 80-20 to a roughly even…
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ECB’s Holzmann: There could be room for another rate cut in December
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Asia FX firms with yen near 8-mth high; dollar down on rate cut bets By Investing.com
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Asian currencies rose on Friday, while the dollar fell as markets bet the Federal Reserve will begin an easing cycle starting next week, with the focus squarely on the scope of a potential interest rate cut. The Japanese yen was the best performer among its Asian counterparts, approaching its strongest…