Category: rate
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Asia FX firms on rate cut bets, yen at 5-mth high on hawkish BOJ By Investing.com
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Most Asian currencies rose on Thursday as the dollar fell after the Federal Reserve signaled an interest rate cut was imminent, while the Japanese yen hit a five-month high amid hawkish signals from the Bank of Japan. But the Chinese yuan lagged its peers, as did the Australian dollar in…
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Fed Kept Its Interest Rates Steady But Strongly Hinted At A September Rate Cut
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As expected, the US Federal Reserve kept its target interest rate range at a 23-year high of 5.25%-5.50% in July. The Federal Reserve Bank indicated in its statement the following: Job gains “It has been modified,” a change from the previous statement that said it “remains strong.” the Unemployment rate…
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PBOC is expected to set the USD/CNY reference rate at 7.2167 – Reuters estimate
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The People’s Bank of China is scheduled to set the exchange rate of the US dollar against the Chinese yuan at around 0115 GMT. The People’s Bank of China, the central bank of China, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or…
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S&P 500, Nasdaq boosted by chip rally, Fed rate cut signals By Reuters
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By Chibuike Ojoh NEW YORK (Reuters) – The Nasdaq Composite and Nasdaq Composite posted their biggest daily percentage gains since Feb. 22 and the Dow Jones Industrial Average rose on Wednesday as chip stocks surged and the Federal Reserve left interest rates unchanged while signaling possible easing in September if…
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Cooler Core Inflation In Australia Reduced RBA Rate Hike Odds
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Australian Bureau of Statistics data showed that inflation in Australia maintained its quarterly growth of 1.0% in the second quarter of 2024, which was driven by price increases in food, clothing, alcohol and tobacco products. On an annual basis, the pace of price increases accelerated from 3.6% to 3.8% in…
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Here’s a forecast for a 25bp RBA rate hike next week – citing inflation not falling
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ING Bank’s response to today’s inflation data from Australia: If you want a reason to keep rates unchanged at the August 6 meeting, today’s core numbers somewhat support the “let’s give the economy the benefit of the doubt” argument. The decision taken in August is certainly more balanced today than…
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“Bank of Japan to outline bond taper plan, debate rate hike timing”
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Reuters Post a piece with a good explanation if you want another preview. previously: Bank of America expects BoJ rate hike today… see USD/JPY (finally) at 145 Bank of Japan Decision Day: Will Interest Rates Rise or Stay Steady? There was a leak overnight: Bank of Japan Discusses Raising Interest…
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Is the gilt market sniffing out a Bank of England rate cut this week?
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2 year uk bond yields What does this chart say? UK two-year gilt yields fell 3.3 basis points today, the sixth straight day of declines. The move comes ahead of the Bank of England’s interest rate decision on Thursday, with interest rate markets pricing in a 60% chance of a…
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Is the gilt market sniffing out a Bank of England rate cut this week?
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2 year uk bond yields What does this chart say? UK two-year gilt yields fell 3.3 basis points today, the sixth straight day of declines. The move comes ahead of the Bank of England’s interest rate decision on Thursday, with interest rate markets pricing in a 60% chance of a…
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PBOC is expected to set the USD/CNY reference rate at 7.2586 – Reuters estimate
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The People’s Bank of China is scheduled to set the exchange rate of the US dollar against the Chinese yuan at around 0115 GMT. The People’s Bank of China, the central bank of China, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or…
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Asian stocks rebound with Fed, rate cuts in focus; China lags By Investing.com
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Most Asian stocks rose sharply on Monday with focus on the upcoming Federal Reserve meeting for further signals on interest rate cuts, with the battered technology sector leading the gains. But Chinese markets continued to lag their regional peers, with sentiment toward the country showing little sign of improvement ahead…
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Asian stocks rebound with Fed, rate cuts in focus; China lags By Investing.com
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Most Asian stocks rose sharply on Monday with focus on the upcoming Federal Reserve meeting for further signals on interest rate cuts, with the battered technology sector leading the gains. But Chinese markets continued to lag their regional peers, with sentiment toward the country showing little sign of improvement ahead…
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Deutsche Bank expect 3 Fed rate cuts in 2024. BoA says just 1
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The Federal Open Market Committee (FOMC) meets on the 30th and 31st: Statement due at 1400 ET (1800 GMT) Fed Chair Powell’s press conference is in half an hour. Deutsche Bank expects nothing at this week’s meeting: First 25bp cut in September This was followed by a 25 basis point…
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Fed rate hikes finally squeeze these parts of the economy
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In the year since the Federal Reserve raised interest rates to their highest levels in more than two decades, the central bank has succeeded in easing the pressure on the overheating U.S. economy. But the rise in borrowing costs has also had some unexpected effects. High-income households reap the benefits…
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Fed Is About to Nod at a Rate Cut as Job Growth Moderates
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Breadcrumbs Path Links PMN Business Federal Reserve officials appear poised to cut borrowing costs within months, a move that Chair Jerome Powell may signal next week as risks to the strong but moderate labor market mount. Article author: Bloomberg News Red Pickert Published on July 27, 2024 • Read for…
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Riot acquisition price of Block Mining is ‘justified,’ improves its hash rate
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Analysts from HC Wainwright claim that Riot’s acquisition of Block Mining is a great move for the company and its hash rate. Riot Platforms, Inc. has significantly enhanced its growth and operational capabilities with the acquisition of Kentucky-based Block Mining, Inc. for $92.5 million. The acquisition includes $18.5 million in…
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Riot acquisition price of Block Mining is ‘justified,’ improves its hash rate
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Analysts from HC Wainwright claim that Riot’s acquisition of Block Mining is a great move for the company and its hash rate. Riot Platforms, Inc. has significantly enhanced its growth and operational capabilities with the acquisition of Kentucky-based Block Mining, Inc. for $92.5 million. The acquisition includes $18.5 million in…
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Australia Q2 CPI preview – “June CPI should not close the door on a rate cut”
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Key points from Westpac Bank in its CPI preview, which said: “June CPI should not close the door on interest rate cuts”: Westpac Bank confirmed its June quarter CPI forecast of 1.0% q/3.8% y/y which we first issued on June 18 and left unchanged in our July 2 update. Our…
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BOC rate decision and lower oil price help to push USDCAD higher. Technicals more bullish.
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As the market awaits tomorrow’s Bank of Canada interest rate decision, the USD/CAD pair has been rising in anticipation of a rate cut. The pair has also been helped by a sharp drop in oil prices, which have pushed the price down by about 8% from its highs last Wednesday…
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Asia FX firms as dollar stalls amid rate cut bets, political uncertainty By Investing.com
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Most Asian currencies rose on Tuesday, while the dollar fell as the greenback’s recovery slowed due to continued expectations of interest rate cuts and uncertainty over the 2024 presidential election. However, sentiment towards Asia remained restrained by concerns about China, amid signs of a slowing economic recovery and uncertainty about…