Category: rate
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Steady euro takes ECB rate cut in stride By Reuters
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Written by Alden Bentley, Alun John and Ray Wee NEW YORK/LONDON/SINGAPORE (Reuters) – The euro fluctuated in a narrow range on Thursday after the European Central Bank cut interest rates from record high levels after months of anticipation, rising and then falling briefly with the results of the European Central…
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ECB’s Lagarde: We are not pre-committing to a particular rate path
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The euro zone economy is expected to continue to recover in the coming quarters This follows growth in the first quarter, after five quarters of “stagnation.” The service sector is expanding, and manufacturing is showing signs of stabilization Price pressures are gradually diminishing However, wages are still rising at a…
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BoC rate cut likely to be followed by more in 2H24 By Investing.com
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Investing.com – The Bank of Canada (BoC) on Wednesday cut interest rates by 25 basis points. The impact on the Canadian dollar was minimal and brief, which ING analysts attribute to market expectations of a 20 basis point cut before the announcement. The Bank of Canada emphasized its data-driven approach…
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Asia FX advances as rate cut bets put dollar near 2-mth low By Investing.com
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Investing.com — Most Asian currencies rose on Thursday, tracking dollar weakness as soft employment data continued to flow, raising bets that the Federal Reserve will start cutting interest rates in the coming months. The US currency hovered just above its lowest level in two months, and remained weak as expectations…
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BOC Cut Its Rates to 4.75% in June and Hinted at Future Rate Cuts
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As expected, the Bank of Canada (BOC) cut interest rates by 25 basis points to 4.75% in June and became the first G7 bank to cut interest rates in four years. In the official statement, the Bank of Canada explained that preferred measures of core inflation have slowed and that…
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Crude oil bounces as Fed rate cut hopes outrank demand worries (NYSEARCA:USO)
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Slavko Sereda/iStock via Getty Images Crude oil futures ended a five-session losing streak on Wednesday, as renewed hopes for a Federal Reserve interest rate cut in September outweighed concerns about demand after data showed a build in US crude oil and fuel inventories. US Treasuries rose on Wednesday afterward Private…
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Canadian dollar outlook dims on expected interest rate divergence By Reuters
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By Fergal Smith TORONTO (Reuters) – A Reuters poll showed that the Canadian dollar is set to rise less than previously expected over the next year if the Bank of Canada begins cutting interest rates before the Federal Reserve (US central bank) and the US election raises uncertainty. Concerning global…
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Tradeweb Integrates Repurchase Agreements and Interest Rate Swaps
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Tradeweb Markets has launched a new feature to connect repo and interest rate swaps (IRS) to enhance execution workflow in these markets. Electronic marketplaces for interest rates, credit, stocks and money markets promised to drive efficiency in how institutional clients navigate these markets through the new offering. Connecting repo markets…
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Asia FX rangebound, dollar at 2-mth low amid rate cut watch By Investing.com
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Investing.com — Most Asian currencies remained range-bound on Tuesday, while the dollar hovered near two-month lows, as weak economic readings fueled expectations of an eventual interest rate cut by the Federal Reserve. But traders remain wary of risk-driven Asian markets, with key US employment data, due this week, set to…
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Asian stocks muted before more rate cues; Indian elections in focus By Investing.com
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Investing.com — Most Asian stocks fell on Tuesday, easing recent gains as investors awaited more signals on interest rates this week, while Indian stocks hovered around record levels on bets that the Bharatiya Janata Party would win a third consecutive election term. General year 2024. Regional stocks received moderate signals…
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ECB rate cut should be positive for European equities By Investing.com
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Goldman Sachs analysts expect the European Central Bank to cut interest rates next week, a move expected to be positive for European stocks. The bank cites historical data and says European stocks typically perform well after interest rate cuts as financial conditions ease and investors become more optimistic about growth.…
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Asia FX steady as dollar drops amid rate cut speculation; Indian rupee surges By Investing.com
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Investing.com — Asian currencies were mostly flat on Monday, reversing some recent losses against the dollar after embedded inflation data raised expectations for interest rate cuts and sparked sharp declines in the US currency. The Indian rupee was a standout performer among its peers, rising sharply after exit polls for…
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PBOC is expected to set the USD/CNY reference rate at 7.2378 – Reuters estimate
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The People’s Bank of China is scheduled to release the reference USD/CNY exchange rate at around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or renminbi). The People’s Bank of China follows…
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Asia FX weak, dollar at over 2-week high before more rate, inflation cues By Investing.com
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Investing.com — Most Asian currencies fell on Thursday, while the dollar rose above two-week highs on caution ahead of more key signals on U.S. inflation and interest rates in the coming days. Regional currencies are still reeling from a series of hawkish signals from the Federal Reserve, with officials warning…
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US futures fall further amid rate jitters; PCE test approaches By Investing.com
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Investing.com — U.S. stock index futures fell in overnight trading Thursday, extending losses as fears of higher interest rates and slowing growth led to a two-day rout on Wall Street, with focus now turning to key personal consumption expenditures data for more signals about… Inflation. . Investors were also on…
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UBS lowers EUR/CHF target to 0.96 amid expected ECB rate cuts By Investing.com
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UBS has revised its forecasts for the currency pair, indicating a bearish outlook in the short term. The financial services company revised its March 2022 target for the euro to Swiss franc exchange rate to 0.96, down from the previous 0.97. In addition, UBS presented a new forecast for June…
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UBS sees Swiss franc on backfoot, predicts Fed rate cuts By Investing.com
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UBS has released a report analyzing the impact of the unexpected interest rate cut by the Swiss National Bank (SNB) in March on currency markets. The SNB’s early action, before other major central banks, sparked a wave of carry trades, leading to a significant weakness in the value of the…
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PBOC is expected to set the USD/CNY reference rate at 7.2528 – Reuters estimate
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The People’s Bank of China is scheduled to release the USD/CNY reference exchange rate at approximately 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as the renminbi or renminbi). The People’s Bank of China follows…
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UBS sees potential for Swedish krona volatility amid rate cuts By Investing.com
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UBS provided an analysis of the Swedish krona’s performance, suggesting a weakening position against the euro since May, with the pair returning to levels seen the previous year, despite the Riksbank’s efforts to support the currency last September. The bank expects the EUR/SEK pair to rise in the near term…
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JPMorgan recommends defensive, commodity stocks ahead of rate cuts By Investing.com
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Strategists at JP Morgan believe investors should consider a shift toward defensive stocks and commodity stocks in anticipation of upcoming interest rate cuts by central banks. Historically, defenses have suffered when bond yields have been rising, but that phase may be ending, the Wall Street giant notes. Now, during the…