Dollar slips lower; Fed interest rate path, China’s reopening in focus By Investing.com
© Reuters. By Peter Nurse Investing.com – The U.S. dollar weakened in early European trade Monday, as traders reassessed the path of U.S. rate hikes in the wake of last week’s jobs report while risk appetite benefited from China reopening its borders. At 03:05 ET (08:05 GMT), the , which tracks the greenback against a […]
PBOC sets USD/CNY reference rate at 6.8265 vs. 6.8912 previous
People’s Bank of China (PBOC) set the USD/CNY central rate at 6.8265 on Monday, versus Friday’s fix of 6.8912 and market expectations of 6.8276. In doing so, the PBOC propels the CNY rate by the most in 30 days. It’s worth noting that the USD/CNY closed near 6.8235 the previous day. In addition to the USD/CNY fix, […]
‘Markets are going to get rocked’ as Fed is likely to push rates higher, economist warns
The Federal Reserve is likely to raise interest rates more than the markets now expect, says Ricardo Reis, an economist at the London School of Economics. “Markets are going to get rocked,” Reis told MarketWatch on the sidelines of the American Economic Association annual meeting in New Orleans. “All the risks are on the upside. […]
US NFPs +223K, Unemployment Rate Drops to 3.5%
US Dollar (DXY) Price and Chart Analysis US non-farm payrolls beat expectations but wages drop. The US dollar (DXY) is struggling to keep hold of recent gains. Recommended by Nick Cawley Trading Forex News: The Strategy The US dollar is finding it hard to keep earlier gains after the latest US labor report showed that […]
Fed’s Next Move & Expert Tip to Trade the Rate Hike
We have the FED decision next week which will tell us about how the central bank thinks the economy is doing. There will be lots of developments. Let’s understand how this can affect the markets. Chris Pulver is a full-time trader and Senior Currency Strategist at Market Traders Institute. Check out Chris’ brand new trading […]
Markets Are Wrong on Fed Rate Hikes, Morgan Stanley’s Caron Says By Bloomberg
© Bloomberg. An eagle sculpture stands on the facade of the Marriner S. Eccles Federal Reserve building in Washington, DC. Photographer: Andrew Harrer/Bloomberg (Bloomberg) — Markets aren’t prepared for how far US central bankers are willing to go to tame the hottest inflation in a generation, according to Morgan Stanley (NYSE:) Investment Management’s Jim Caron. […]
PBOC sets USD/CNY reference rate at 6.8926 vs. 6.9131 previous
On Thursday, the People’s Bank of China (PBOC) set the USD/CNY central rate at 6.8926 versus Wednesday’s fix of 6.9131 and market expectations of 6.89 Source link