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FOREX-Dollar falls as U.S. yields fall; investors mull recession risk
... counterparts, fell 0.08% to 104.39, giving back some of its 0.53% rally overnight, mainly due to weakness in the euro. Treasury 10 year yields dropped more than 1 basis point in Tokyo, moving to around 3.17% as Asian equities followed Wall Street lower. After European Central Bank ECB chief Christine Lagarde gave no fresh insight on the path for European interest rates at the annual forum, the euro rose 0.11% to $1.05315, after dipping to $1.05025 on Tuesday. The ECB is expected to raise interest rates in July for the first ...
Updated: 06/29/2022
S&P 500 down 2% on inflation concerns, oil prices up
... running at just 2% of pre-pandemic levels. Brent crude LCOc 1 futures went up $2.89, or 2.5%, to settle at $117.58 a barrel, while US West Texas Intermediate crude CLc 1 rose $2.19, or 2%, to $111.76. The euro was weakened in foreign exchange after European Central Bank President Christine Lagarde offered no fresh insight into the central bank's policy outlook. The dollar index went up 0.519%, with the euro down 0.61% to $1.0518. The consumer confidence report gave the US Treasury yields flat. The yield on 10 ...
Updated: 06/29/2022
Fed's Williams says rate hike will depend on economic data
... since 1994 -- to a range of 1.5% to 1.75%. After the meeting, Chair Jerome Powell told reporters that officials could consider another 75 basis-point increase, or a 50 basis-point hike, when they meet next month. Powell will speak on Wednesday at the European Central Bank's annual policy forum in Sintra, Portugal. Some policy makers, including Fed Governor Michelle Bowman and Governor Christopher Waller, have backed a 75 basis-point hike at their July 26 -- 27 meeting. Minneapolis Fed President Neel Kashkari and ...
Updated: 06/28/2022
Global shares, oil up As traders await ECB comments
... stance, said Salman Baig , portfolio manager, cross asset solutions, at Unigestion . Such a pivot will likely not happen until after the economy has slowed down enough to bring inflation on a sustainably downward path, according to many investors. The European Central Bank Forum on Central Banking in Sintra continued on Tuesday with a speech by ECB President Christine Lagarde . Lagarde said that the ECB will move slowly when it starts raising rates, but with the option to act decisively on any deterioration in medium-term ...
Updated: 06/28/2022
ECB's Lagarde says policymakers ready to step up efforts to tackle inflation
In July, European Central Bank President Christine Lagarde affirmed plans for an initial quarter-point increase in interest rates but said policy makers are ready to take action to tackle record inflation if warranted. In July, European Central Bank President Christine Lagarde ...
Updated: 06/28/2022
China mulls extending currency trading hours
... considering extending its onshore currency trading hours, a move that could spur demand for the yuan from global investors. The central bank has been surveyed by some major market players and asked for feedback on the extension of the daily session until 3 am Beijing ... ... Special Drawing Rights SDR basket currencies. Extending trade until the small hours, if it happened, would cover much of the European and US trading day. It could allow overseas investors to hedge their currency risk more closely and expand the global ...
Updated: 06/27/2022
How to get cheap loans
... extra fees? There is another protection that is quite important. There is a cooling off period in our products because it's a European requirement. It gives you a certain number of days to change your mind. Mel : Post COVID, we were having inflation anyway,... ... been accelerated by the war in Ukraine because energy prices have rocketed and food prices are going up. The end result is that central banks are raising interest rates to try to curb inflation. The cost of borrowing for the main industry goes up. We might get a ...
Updated: 06/27/2022
Hong Kong goods export value falls 1.4 pct in May
... economy faced increasing headwinds. Exports to the Chinese mainland fell further, while exports to the United States and the European Union saw moderate growth. Exports to most other major Asian markets continued to record solid growth, according to the ... ... government spokesman said. The release added that uncertainties are added by the step-up in monetary policy tightening by many major central banks, the development of the Ukraine situation and the pandemic lingering threat.
Updated: 06/27/2022
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