Category: Readings
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Euro drops as glum PMI readings stoke bets on more ECB easing By Reuters
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By Sruthi Shankar and Vidya Ranganathan LONDON/SINGAPORE (Reuters) – The euro fell against the dollar on Monday after business activity readings showed a bleak picture for the euro zone economy, boosting bets for more interest rate cuts by the European Central Bank this year. The single currency fell 0.4 percent…
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Euro drops as glum PMI readings stoke bets on more ECB easing By Reuters
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By Sruthi Shankar and Vidya Ranganathan LONDON/SINGAPORE (Reuters) – The euro fell against the dollar on Monday after business activity readings showed a bleak picture for the euro zone economy, boosting bets for more interest rate cuts by the European Central Bank this year. The single currency fell 0.4 percent…
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Asian stocks rise with inflation readings on tap; China lags By Investing.com
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Most Asian stocks rose on Monday, extending last week’s recovery amid growing hopes that fears of a U.S. recession were overblown, with focus shifting squarely to a series of key inflation readings this week. Chinese markets lagged their peers, largely missing out on last week’s rally amid ongoing concerns about…
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Asia FX firms on positive US, China readings; yen faces renewed pressure By Investing.com
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Most Asian currencies rose on Friday as positive economic readings from the United States and China helped ease recession fears, although improved risk appetite put renewed pressure on the Japanese yen. The dollar found some strength thanks to better-than-expected labor market data, although any major advance in the greenback was…
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Dollar loses some ground ahead of key global inflation readings By Reuters
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By Ray Wee SINGAPORE (Reuters) – The dollar fell on Tuesday on a slight rise in risk appetite, but remained in narrow ranges against peers ahead of key inflation data from major economies this week that may guide global interest rate expectations. The euro rose 0.16 percent to $1.0877 despite…