Category: easing
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Bank of Canada Cuts Rates by 25bps, Signals More Easing Ahead
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The Bank of Canada today cut its overnight interest rate target by 25 basis points to 4.25%, marking the second consecutive rate cut in the monetary tightening cycle. This outcome was widely expected, as we discussed in our event guide. The Bank of Canada indicated in its statement the following:…
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ECB’s Knot: Comfortable with gradual easing
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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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Dollar falls after Powell greenlights September easing By Reuters
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By Alden Bentley NEW YORK (Reuters) – The dollar fell and the pound rose to its highest in more than two years on Friday after Federal Reserve Chairman Jerome Powell gave an unequivocal signal that a long-awaited U.S. interest rate cut will come next month. The dollar’s weakness also saw…
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Lower oil, Fed easing would support EM FX in hard landing: BofA By Investing.com
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Emerging market foreign exchange markets are expected to perform better in a potential hard landing scenario than in previous similar episodes, analysts at Bank of America Securities said in a note dated Tuesday. The note outlines the key shifts in the drivers of emerging market FX since the Covid-19 pandemic,…
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Bank of America on Powell speaking at Jackson Hole – to keep aggressive easing option open
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Federal Reserve Chair Jerome Powell will speak during his usual time slot in Jackson Hole, Friday morning of the event at 10 a.m.: Fed Chair Powell to Speak at 10 a.m. ET on August 23 Bank of America says Powell’s speech is unlikely to have much impact on the U.S.…
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CIBC tweaks rate cut forecasts, sees earlier easing from Fed and Bank of Canada
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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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Fed easing bets, carry trade unwind turn analysts bullish on Asian currencies: Reuters poll By Reuters
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Written by Sameer Manikkar (Reuters) – Analysts have become bullish on most major Asian currencies for the first time in more than a year, supported by rising bets on interest rate cuts by the U.S. Federal Reserve and the unwinding of yen-funded carry trades, a Reuters poll showed. A biweekly…
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More from BOJ dep Gov Uchida: Appropriate to adjust degree of monetary easing
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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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The AUD and the easing from China – given more a nudge lower
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The Australian and New Zealand dollars were weaker. The People’s Bank of China’s monetary easing measures yesterday did not help either. The People’s Bank of China summary is here in case you missed it: NAB Bank comments via Reuters report: “For the Australian and New Zealand dollars, they tend to…
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Forexlive Americas FX news wrap 9 Jul: Powell’s testimony keeps easing door open for Sept.
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Federal Reserve Chairman Powell testified before the U.S. Senate today on Capitol Hill in the first of two testimony before U.S. lawmakers. The Fed chairman will speak before the House of Representatives tomorrow. During his testimony today, the Fed chairman explicitly said he would not talk about changing the interest…
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JPMorgan notes easing dollar long positions in May By Investing.com
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JPMorgan highlighted the shift in currency market dynamics, noting a decline in the value of the dollar in May after a period of large long positions at the end of April. The bank’s analysis indicated that currency-only hedge funds had a more modest stance on the dollar in April compared…
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Stocks Rise, Dollar Dips on Hopes for Fed Easing: Markets Wrap
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(Bloomberg) — Asian stocks rose while the dollar fell on expectations of a rate cut from the Federal Reserve this year, and U.S. inflation data due this week are likely to indicate an easing of price pressure. Most read from Bloomberg Stock markets in Hong Kong, China, Australia, South Korea…
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Asia FX nurses losses as dollar hits 10-day high on easing rate cut bets By Investing.com
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Investing.com — Most Asian currencies fell on Friday and suffered sharp losses against the dollar, as hawkish signals on inflation and interest rates led traders to price in expectations of interest rate cuts in 2024. Sentiment towards Asian markets was also shaken by signs of a renewed trade war between…
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UBS forecasts shekel strength on Israel’s recovery, Fed easing By Investing.com
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UBS expects the value of the Israeli shekel to rise against the US dollar, anticipating a decrease in the geopolitical risk premium. The shekel briefly surpassed 3.80 against the dollar due to recent tensions between Iran and Israel, as well as the ongoing conflict with Hamas. UBS analysts expect these…