Category: rate
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The Swiss National Bank made its third rate cut, heading towards the end of cutting cycle?
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The Swiss National Bank, which started the global trend of monetary easing in March, made its third rate cut on Thursday, cutting the rate by 25 basis points to 1%. Switzerland has largely avoided the spike in inflation seen in much of the developed world, with consumer prices rising just…
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Dollar down in choppy trading after data; Swiss franc gains following rate cut By Reuters
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By Chuck Mikolajczak NEW YORK (Reuters) – The dollar fell in volatile trading on Thursday after a slew of U.S. data pointed to a relatively strong economy, while the Swiss franc rose after the country’s central bank cut interest rates by 25 basis points. The US dollar began to pare…
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SNB cuts key policy rate by 25 bps to 1.00% from 1.25% previously
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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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SNB cuts key policy rate by 25 bps to 1.00% from 1.25% previously
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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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Wall Street mixed as investors await Fed rate clues, data By Reuters
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By Johann M. Cherian and Purvi Agrawal (Reuters) – Wall Street’s main indexes were mixed on Wednesday, with the index nearing a record high, as investors awaited more clues on the state of the economy and the next interest rate cut. The three main U.S. economic indicators rose to post…
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Centum cuts exchange rate risk with switch to shilling loans
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Investment firm Centum has restructured a N3.1 billion dual currency loan from Standard Bank of South Africa into a shell facility, allowing the company to avoid exchange rate risk on the facility in the event of future weakness of the local currency against the dollar. The loan, which was held…
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Fed SOMA Manager says markets see 50bp rate cut as good news, not bad
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Roberto Perli, director of the Federal Reserve Bank of New York’s open market account, said in a speech Tuesday that markets do not view the 50 basis point rate cut by the Federal Open Market Committee as an indication of the strains facing the economy. Reuters with informationor: Market intelligence…
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Reserve Bank of Australia Holds the Cash Rate at 4.35%
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The Reserve Bank of Australia today left its cash rate target unchanged at 4.35%, sticking to its hawkish stance on inflation while acknowledging economic uncertainty. The decision was widely expected by market participants, as explained and forecasted in Babypips.com’s event guide. Key points from the RBA statement: Inflation remains above…
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Bitcoin Jumps 22% Post-Fed Rate Cut, Yet Key Resistance Sparks Crash Fears – Bitfinex
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Bitcoin (BTC), the world’s largest cryptocurrency, has surged more than 22% over the past two weeks to trade at around $63,200, after a sharp drop to $52,000 on September 6. That’s the highest level Bitcoin has reached in nearly two months. Critical resistance looms at $65,200 According to a recent…
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China’s youth unemployment rate hit a fresh high in the latest data
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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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More from Goolsbee: Until the rate, falling inflation has meant Fed has been tightening
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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’s Kashkari: 50 bps rate cut was the right decision
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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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China Stimulus Hopes Rise as PBOC Cuts Rate, Plans Briefing
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China announced plans for a rare economic briefing by three top financial regulators as it cut one of its short-term interest rates, raising speculation that officials are preparing to step up efforts to revive growth. Most Read from Bloomberg Authorities announced Monday that central bank governor Pan Gongsheng would hold…
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Asian stocks rise; China up on repo rate cut, Australia hit by retailer losses By Investing.com
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Most Asian shares rose slightly on Monday amid continued optimism over lower interest rates, while Australian markets lagged as major retail stocks fell sharply in the face of an antitrust lawsuit. Chinese markets rose after the People’s Bank of China cut its short-term lending rate, although overall gains were limited.…
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Fed Is About to Get Validation for Its Jumbo Rate Cut
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(Bloomberg) — The Federal Reserve’s preferred gauge of prices and the picture of consumer demand are expected to underscore the central bank’s aggressive rate cuts and Chairman Jerome Powell’s view that the economy remains strong. Most Read from Bloomberg Economists expect the personal consumption expenditures price index to rise just…
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Sterling feeds on peculiarly high BoE ‘terminal rate’: Mike Dolan By Reuters
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By Mike Dolan LONDON (Reuters) – Tight monetary policy combined with an austerity fiscal agenda usually leads to a stronger currency, and the pound is rallying in anticipation of that. But it’s not at all clear why the UK government or the Bank of England wants the pound to appreciate…
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Dollar strengthens versus yen as BOJ strikes cautious stance on rate hikes By Reuters
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By Chibuike Ojoh and Linda Pasquini NEW YORK/LONDON (Reuters) – The dollar rose against the yen on Friday to a two-week high after the Bank of Japan left interest rates unchanged and signaled it was in no rush to raise them again. Bank of Japan Governor Kazuo Ueda said at…
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US rate cuts won’t necessarily strengthen shekel
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On the eve of the first rate cut by the US Federal Reserve since 2020 and since it began raising interest rates sharply two years ago, the gap between the interest rates on the US dollar and the shekel was 1% higher in favor of the dollar. The aggressive 0.5%…
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Avalanche (AVAX) Rallies On Fed Rate Cut, DeFi Growth Boosts Long-Term Outlook
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With its price up 17% over the past seven days, Avalanche (AVAX) has recently been in winning streakThe cryptocurrency is currently trading at $28.12, up 7% in the past 24 hours alone. This sudden surge fits into a larger cryptocurrency market rally driven by a major shift in the US…
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Avalanche (AVAX) Rallies On Fed Rate Cut, DeFi Growth Boosts Long-Term Outlook
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With its price up 17% over the past seven days, Avalanche (AVAX) has recently been in winning streakThe cryptocurrency is currently trading at $28.12, up 7% in the past 24 hours alone. This sudden surge fits into a larger cryptocurrency market rally driven by a major shift in the US…