Category: Cut
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Forexlive Americas FX news wrap: Non-farm payrolls revisions cut 818,000 jobs
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Markets: Gold falls $2 to $2511 The yield on the 10-year US Treasury note fell 2 basis points to 3.79%. West Texas Intermediate crude fell $1.26 to $71.92. S&P 500 rises 0.4% Sterling advances, dollar lags The weaker dollar was the main theme again, this time with some support as…
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Stocks Up as September Fed Cut Seen as ‘Done Deal’: Markets Wrap
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(Bloomberg) — Stocks rose and bond yields fell as the Federal Reserve’s latest minutes and a big downward revision to U.S. payrolls bolstered bets that officials will cut interest rates in September. Most Read from Bloomberg The S&P 500 is nearing record highs. Treasuries are higher across the curve, driven…
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Asia FX steady as yen rally cools, dollar at 7-mth low amid rate cut bets By Investing.com
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Most Asian currencies were steady on Wednesday with the Japanese yen slightly weaker after a strong rally earlier this week, while continued bets on a U.S. interest rate cut saw the dollar fall to seven-month lows. The strength in the yen pointed to a sustained decline in the carry trade…
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Dollar slips lower on rate cut expectations; euro nears this year’s high By Investing.com
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Investing.com – The U.S. dollar fell on Tuesday, approaching a seven-month low amid growing conviction that the Federal Reserve will cut interest rates in September. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, was down 0.3% at 101.667, trading…
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BofA is bullish on EUR/NZD amid RBNZ cut By Investing.com
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Bank of America (BofA) reported a growing consensus against the US dollar, with significant selling last week. Investors in both the US and Europe have been net short on the dollar over the year. Demand for US dollar put options has been on the rise. Bank of America highlighted a…
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BofA is bullish on EUR/NZD amid RBNZ cut By Investing.com
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Bank of America (BofA) reported a growing consensus against the US dollar, with significant selling last week. Investors in both the US and Europe have been net short on the dollar over the year. Demand for US dollar put options has been on the rise. Bank of America highlighted a…
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Dollar nears 7-month low ahead of Powell, Swedish crown falls after rate cut By Reuters
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By Ankur Banerjee and Stefano Ribaudo (Reuters) – The dollar hovered near a seven-month low on Tuesday amid bets the U.S. central bank will start cutting interest rates next month, with traders bracing for comments from Federal Reserve Chairman Jerome Powell on Friday. The dollar’s weakness has lifted the euro…
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Dollar nears 7-month low ahead of Powell, Swedish crown falls after rate cut By Reuters
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By Ankur Banerjee and Stefano Ribaudo (Reuters) – The dollar hovered near a seven-month low on Tuesday amid bets the U.S. central bank will start cutting interest rates next month, with traders bracing for comments from Federal Reserve Chairman Jerome Powell on Friday. The dollar’s weakness has lifted the euro…
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Gold prices could surge to $2,600 an ounce as us interest rate cut looms
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Gold could rise to $2,600 an ounce after hitting a new record high, as traders increasingly expect the US Federal Reserve to cut interest rates next month. On Sunday, spot gold broke through $2,500 an ounce for the first time, extending a rally that has seen the precious metal rise…
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Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Christopher Rugaber Published on August 20, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content WASHINGTON (AP) — Federal Reserve officials say they’re…
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Poll: Federal Reserve to cut Fed Funds by 25bp in September, November and 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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Poll: Federal Reserve to cut Fed Funds by 25bp in September, November and 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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Goldman Sachs cut its US recession probability after last week’s data, see 25bp Sept cut
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A note from the economists at the investment bank. I haven’t seen it yet, but the news agencies are carrying the highlights. In summary: It lowered its forecast for a U.S. economic contraction from 25% to 20%, and said it could lower the forecast further to 15% if the August…
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Bank of Canada to cut by 25 bps in September and October. Eyes on next week’s CPI
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Bank of Canada Governor Tiff Macklem RBC continues to expect the Bank of Canada to cut rates by 25 basis points on September 4 and again on October 23. The market sees a very small chance of a 50 basis point rate cut at one of these meetings, but this…
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Soft August jobs report could sway fed to deliver supersized rate cut in September By Investing.com
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Expectations of a major interest rate cut in September had lost steam after recent economic data showed that recession fears were just hype about nothing, but with the labor market now in the driver’s seat of monetary policy, the August jobs report has the potential to revive bets on a…
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Asia FX firms as rate cut bets pressure dollar; Japanese yen lags By Investing.com
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Most Asian currencies rose on Friday as continued bets on a U.S. interest rate cut put the dollar on track for a fourth straight week in the red, while the Japanese yen fell further amid improved risk sentiment. While the dollar rose from its lowest in nearly seven months on…
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One month to go (until the Federal Open Market Committee (FOMC) rate cut)
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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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Top Fed official says he’s open to a rate cut sooner rather than later amid slowing inflation
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Inflation is slowing, and at least one Federal Reserve official has said he is “open” to cutting interest rates at the central bank’s next meeting in September. “The Fed is not going to be able to do that,” said Rafael Boucek, president of the Atlanta Federal Reserve and a voting…
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RBNZ expected to cut cash rate by at least another 50 bps before year-end – poll
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23 out of 25 economists expect interest rates to be cut by 25 basis points next October Of the remaining two banks, one expects a 50 basis point rate cut and the other expects no change. 23 out of 25 economists expect the Reserve Bank of New Zealand to cut…