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Tag: rate

Asia FX slips, dollar firms as hot payrolls spur rate hike fears By Investing.com

© Reuters. By Ambar Warrick Investing.com — Asian currencies sank on Monday, while the dollar rose as stronger-than-expected U.S. payrolls data brewed concerns that the Federal Reserve will be able to keep raising interest rates for longer, while worsening Sino-U.S. ties also weighed. The dollar rose to a near one-month high against a basket of […]

PBOC sets USD/ CNY reference rate for today at 6.7737 (vs. estimate at 6.7755)

<p>People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.The previous close was 6.8002</p><p>-</p><p>PBoC injects 150bn yuan of 7-day reverse repos […]

US nonfarm payroll 517K vs 185K estimate. Unemployment rate 3.4% vs 3.5% estimate

Nonfarm payroll rises by 517 K A huge beat that may have some seasonality issues, but it is impressive with gains and revisions well above expectations. The average gain in 2022 was 401K Job growth was widespread, led by gains in leisure and hospitality, professional and business services, and health care. Employment also increased in […]

Interest rate differentials point to a higher EUR/USD – Nordea

EUR/USD came briefly above 1.10 this week before falling to just below 1.09 today. Economists at Nordea note that the rate differentials continue to point toward a higher EUR/USD ahead. EUR/USD to move about sideways in the near term “Given that the ECB has had room for more positive rate surprises than the Fed, a […]

Dow’s Skepticism Anchors Nasdaq Volatility, Dollar Charged by NFPs and Rate Forecasts

Dow, Nasdaq 100, Dollar, USDJPY and Rate Forecasts Talking Points: The Market Perspective: USDJPY Bullish Above 132.00; EURUSD Bearish Below 108 In a week packed with event risk, the strong US NFPs and service sector activity shaped the Fed rate hike interpretation for a distinct Dollar take Where the Greenback’s fundamentals seem more direct, the […]

BOE’s Pill: Rate hike yesterday was necessary and appropriate

Does not want to steer market rate expectations on day to day basis We have to recognise that we have done a lot with monetary policy already MPC has changed language quite substantially It is important we do not do too much on monetary policy We have reasonably high degree of confidence that inflation will […]

PBOC sets USD/ CNY reference rate for today at 6.7382 (vs. estimate at 6.7389)

<p>People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.CNH is the offshore yuan. USD /CNH has no restrictions on its trading range.A significantly stronger or weaker rate than expected is typically considered a signal from the PBOC.The previous close was </p><p>PBoC injects 23bn yuan of 7-day reverse repos […]

Fed Traders See Pivot From Rate Hikes to Rate Cuts in Second Half By Bloomberg

(Bloomberg) — Traders in the interest rate swaps market have concluded after the Federal Reserve rate decision that policy direction is set for a deeper dovish pivot from the middle of this year.  Swap contracts tied to this years Fed meetings show approximately 50 basis points of rate cuts are now firmly priced between the […]

FTSE, Dax Remain Rangebound Ahead of ECB and BoE Rate Decision

German Dax 40, FTSE 100 Latest: German Dax builds in a solid range that has continued to hold over the past few weeks. FTSE 100 dips below the 20-day MA (moving average) – strikes over wages in the UK rise but stocks hold steady (at least for now). Equity indices remain resilient ahead of central […]