Category: Weaker
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Shekel weaker amid hostage release uncertainties
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A week later, the Israeli currency was appreciated against the world’s major currencies, weakening the shekel today. Early in the afternoon, the SHEKEL exchange rate – the dollar exchange rate increased by 0.82 % at 3.591/$ and Shekel – the euro rate by 0.68 % in NIS 3.705/€. Yesterday, the…
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Get ready for weaker returns in 2025 after huge stock gains in the last 2 years, Wharton professor Jeremy Siegel says
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Getty Images Jeremy Siegel said the S&P 500 will see gains of a maximum of 10% next year. The Wharton professor expects large technology stocks to see flat returns in 2025. But he said small and mid-cap stocks with low capitalization would rise. the Standard & Poor’s 500 Jeremy Siegel…
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Trump wild card for weaker dollar outlook
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Investing.com – The US dollar fell against most major currencies in the wake of the Federal Reserve’s dovish shift, and there are more declines to come, according to Capital Economics, with a Trump win being the likely trump card. With the US currency approaching the bottom of its post-2022 range,…
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Fed’s rate-cutting cycle points to weaker dollar
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Investing.com – The Federal Reserve has begun its rate-cutting cycle, and Bank of America Securities continues to expect a modest decline in the US dollar through 2025. “Although the Fed modestly surprised markets with a 50 basis point cut last week, we see major currency dynamics largely unchanged in the…
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Shekel sharply weaker in wake of Wall Street falls
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The shekel is falling sharply today against the US dollar and the euro. In interbank trading late in the afternoon, the shekel rose against the dollar by 1.26% to NIS 3.717/USD, and the shekel rose against the euro by 1.35% to NIS 4.107/EUR. Yesterday, the Bank of Israel set the…
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Why is CHF not weaker? BoA Securities explains By Investing.com
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Investing.com – A play on the Swiss franc’s weakness has been the most bullish trade since the start of the year, according to Bank of America Securities, yet the currency has failed to weaken as much as expected. At 08:25 ET (12:25 GMT), the stock was trading up 0.1% at…
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Why is CHF not weaker? BoA Securities explains By Investing.com
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Investing.com – A play on the Swiss franc’s weakness has been the most bullish trade since the start of the year, according to Bank of America Securities, yet the currency has failed to weaken as much as expected. At 08:25 ET (12:25 GMT), the stock was trading up 0.1% at…
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A drift towards US recession doesn’t have to mean weaker USD
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Investing.com – The U.S. dollar got a boost overnight on stronger-than-expected second-quarter growth data. Even if the U.S. economy heads into recession, that may not mean a weaker dollar, according to MacQuarie. At 07:00 ET (11:00 GMT), the dollar index, which tracks the greenback against a basket of six other…
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US soft landing consistent with weaker dollar: Goldman Sachs By Investing.com
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Investing.com – As the global economy faces uncertainty, the United States appears to be on track for a “soft landing,” a scenario in which the economy slows without entering a recession. This potential outcome, according to analysts at Goldman Sachs, is consistent with the weakness of the US economy. “Despite…
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U.S. refiners cutting Q3 output across the board on weaker margins, plant overhauls
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SlavkoSereda/iStock via Getty Images Crude oil futures rose for a fourth straight session on Friday and posted their first weekly gain in five weeks, supported by tightening inventories, especially in the United States, and a fundamental risk premium around tensions in the Middle East. Analysts said A drop in initial…
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Trump talks up weaker dollar, but policies will likely lead to dollar strength By Investing.com
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Investing.com – Donald Trump has made bold claims about favoring a weaker dollar, but the former president’s core policies on tariffs, immigration and taxes are expected to do the exact opposite. “Former US President Donald Trump expressed his desire to weaken the US dollar, but his underlying policies (on immigration,…
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Dollar edges higher; euro, sterling weaker ahead of ECB meeting By Investing.com
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Investing.com – The U.S. dollar was slightly higher on Thursday, while the euro fell ahead of a European Central Bank meeting and sterling fell as wage growth in the U.K. slowed. At 04:00 ET (09:00 GMT), the dollar index, which tracks the greenback against a basket of six other currencies,…
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RBNZ Announced “Dovish Hold” in Highlighting Weaker Domestic Inflation
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The Reserve Bank of New Zealand left interest rates unchanged at 5.50% for the eighth straight month in July, as expected. Their official statement indicated that their restrictive monetary policy had succeeded in reducing price pressures enough to allow the committee to forecast a return to its annual inflation target…
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US dollar slightly weaker on diminishing inflation By Reuters
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By Gertrude Chavez-Dreyfus NEW YORK (Reuters) – The U.S. dollar fell on Friday after data showed inflation in the world’s largest economy eased last month, boosting expectations that the Federal Reserve will start cutting interest rates this year. The dollar initially fell against the yen, which is the currency pair…
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Oil prices fall on weaker US consumer demand, China data By Reuters
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Written by Colin Howe and Mohi Narayan NEW DELHI (Reuters) – Oil prices fell in Asian trading on Monday after a survey on Friday showed weak US consumer demand and with crude production rising in May in China, the world’s largest crude importer. Global futures for August delivery fell 29…
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Weaker loonie may not deter Bank of Canada diverging from the Fed By Reuters
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By Fergal Smith TORONTO (Reuters) – The Bank of Canada would be willing to cut interest rates three times before the Federal Reserve’s first move before a currency decline threatens to jeopardize inflation expectations, the average estimate of seven analysts in an informal poll showed. The weakness of the Canadian…
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Weaker supply will drive platinum deficit higher than expected in 2024, WPIC says By Reuters
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Written by Paulina Devitt LONDON (Reuters) – The global platinum deficit in 2024 will be deeper than previously expected due to lower supplies from mines in South Africa and Russia, the World Platinum Investment Council said on Monday. The 2024 deficit of 476,000 ounces will be smaller than the 851,000…
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Forexlive Americas FX news wrap 3 May: US jobs report weaker than expectations this month.
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US March employment data came in below expectations at 175K versus estimates of 243K. The prior month was revised higher to 315K from the previously reported 303K. The unemployment rate rose to 3.9% from 3.8%, while average hourly earnings reached 3.9% year over year, the lowest level since 2021. The…