Category: rate
-
U.S. crude oil, natgas post back-to-back gains on supply data, rate cut hopes
•
Slavko Sereda/iStock via Getty Images U.S. crude oil futures rose to their highest levels in a week on Thursday, extending gains from the previous session sparked by data showing slowing U.S. inflation and weekly storage data that pointed to a decline in domestic oil inventories. the The smaller-than-expected rise in…
-
Dow hits 40,000 for the first time on Fed rate cut hopes
•
The Dow Jones Industrial Average surpassed 40,000 points for the first time on Thursday as investors grew more confident that the stock market’s rally could continue on hopes that the Federal Reserve will begin cutting interest rates later this year. The oldest of Wall Street’s three major stock indexes has…
-
UBS maintains RBA rate cut forecast, weighs in on AUD/USD By Investing.com
•
UBS on Thursday provided insight into Australian Federal Treasurer Jim Chalmers’ third budget announcement, which announced a second successive surplus of A$9.3 billion. Despite this positive result, UBS highlighted a projected deficit of A$28.3 billion for the 2024-25 financial year, a wider figure than the Treasury’s previous forecast. The company…
-
Asia FX rises as CPI data dents dollar, puts rate cuts in focus By Investing.com
•
Investing.com — Most Asian currencies rose on Thursday after some weak U.S. consumer inflation readings pushed the dollar to a one-month low and saw traders increase their bets on a September interest rate cut. But gains in some regional units were held back by a combination of weak economic data…
-
Australian Economy Added 38.5K Jobs in April, But Jobless Rate Ticked Higher
•
Australia’s employment change figures for April beat estimates, showing a 38.5k increase in employment versus an expected increase of 22.4k. This also represents a strong rebound compared to the previous 5.9K decline in employment. However, the unemployment rate rose from a negatively adjusted 3.9% to 4.1% instead of holding steady,…
-
How April CPI inflation data may influence the Fed’s rate path decision (DXY)
•
With inflation remaining hotter than desired in the first quarter of 2024, the Fed’s first expected interest rate cut in more than four years continues to push through later in the calendar, with some wondering whether the central bank will lower its benchmark. Standard rate at all this year. Investors…
-
PBOC is expected to set the USD/CNY reference rate at 7.2284 – Reuters estimate
•
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…
-
Zimbabwe to fine businesses not using official new exchange rate By Reuters
•
HARARE (Reuters) – Zimbabwe will impose fines on companies that use inflated exchange rates as the government struggles to preserve the value of its new gold-backed currency, Zimbabwe Gold (ZiG). Any company using an exchange rate higher than the official rate of 13.5 zig per U.S. dollar would be liable…
-
EM Asia sees capital outflows in April amid rate jitters, M.East tensions- ANZ By Investing.com
•
Investing.com — Emerging markets in Asia, excluding China, saw sharp capital outflows in April, ANZ analysts said in a note, as appetite for risk-driven assets was hit by expectations of delayed US interest rate cuts and geopolitical tensions. Asian stocks outside China saw total portfolio outflows of $5.9 billion in…
-
US stock futures move sideways with more Fedspeak, rate cues on tap By Investing.com
•
Investing.com — U.S. stock index futures traded sideways in overnight trade Wednesday, as a recent rebound on Wall Street stalled after a series of Federal Reserve officials warned that interest rates will remain high for longer. This puts more Fed officials’ upcoming addresses on Thursday and Friday squarely into focus,…
-
Brazil’s central bank cuts its rate by 25bp
•
Decision of the Monetary Policy Committee of the Central Bank of Brazil (Copom): 5 COBOOM members voted in favor of a 25 basis point reduction, and 4 members voted in favor of a 50 basis point reduction. The Committee unanimously considers that the uncertain global scenario and the domestic scenario,…
-
Asia FX weakens, dollar firms as markets rethink rate cuts By Investing.com
•
Investing.com — Most Asian currencies fell on Wednesday, while the dollar rose on comments from Federal Reserve officials that made markets rethink their expectations for a U.S. interest rate cut. The Japanese yen’s performance remained weak among its peers, falling against the dollar even as government officials continued their warnings…
-
RBA Keeps Interest Rates at 4.35%, Says Interest Rate Path ”Remains Uncertain”
•
As expected, the Reserve Bank of Australia (RBA) kept interest rates at 4.35% in May. The Central Bank statement indicated this Inflation is expected to return to the target range of 2%-3% in the second half of 2025 and to 2.5% in 2026. Short-term inflation will “fall more slowly over…
-
RBA Sticks to Neutral Bias, Keeps Cash Rate at 12-Year High
•
Breadcrumb links BMN Business Australia’s central bank kept interest rates at their highest level in 12 years in a move that was widely expected, maintaining a neutral stance that surprised markets and sent the currency lower. Article writer: Bloomberg News Swati Pandey Published on May 7, 2024 • 3 minutes…
-
Dollar steadies as traders eye Federal Rate path following soft U.S. jobs data By Investing.com
•
Investing.com – The US dollar steadied on Monday after falling the previous week on weaker-than-expected non-farm payrolls data, prompting traders to raise the timeline for possible interest rate cuts from the Federal Reserve this year. At 04:31 EDT (08:31 GMT), US Dollars, which tracks the greenback against a basket of…
-
Dollar soft on renewed rate cut bets; yen starts week on back foot By Reuters
•
By Samuel Indyk and Ankur Banerjee LONDON (Reuters) – The dollar fell slightly on Monday as a weak U.S. jobs report boosted bets that the Federal Reserve may cut interest rates this year, while the yen fell after suspected intervention last week sparked a wave of volatility. Last week, the…
-
PBOC is expected to set the USD/CNY reference rate at 7.2127 – Reuters estimate
•
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…
-
US stock futures rise as weak payrolls put rate cuts back on the menu By Investing.com
•
Investing.com — U.S. stock index futures rose in afternoon trade on Sunday, following a strong session on Wall Street after weaker-than-expected labor data increased investors’ bets on a September interest rate cut. Some strong earnings also boosted sentiment, especially those from iPhone maker Apple, which reported a smaller-than-expected decline in…
-
JP Morgan trim back estimates for ECB rate cuts in 2024 to 75bp, from 100 previously
•
High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…