The dollar licked its wounds on Monday after soft U.S. data increased bets the F...
TOKYO - The dollar licked its wounds on Monday after soft U.S. data increased bets the Federal Reserve will cut rates later this year while the pound hovered near nine-months high on hopes for a delay in Britain’s exit from the European Union.
Weaker-than-forecast U.S. economic data on Friday cemented expectations the Fed could strike a dovish stance this week, sending U.S. bond yields down to 10-week lows. “The 10-year yield closed below 2.6 percent, for the second time this year after closing below that level only on one day at the beginning of year,” said Chotarto Morita, chief strategist at SMBC Nikko Securities.
“The focus is on how dovish the Fed will be. I got the impression that markets have gone a bit too far in expecting rate cuts. There’s a risk such views will be rolled back if the Fed’s dot plots show the board members still expect a rate hike this year,” said Ayako Sera, market economist at Sumitomo Mitsui Trust Bank.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Dollar licks wounds after soft data fans bets on dovish FedThe dollar licked its wounds on Monday after soft U.S. data increased bets the F...
Weiterlesen »
Dollar licks wounds after soft data fans bets on dovish FedThe dollar licked its wounds on Monday after soft U.S. data increased bets the F...
Weiterlesen »
Dollar General will open 975 stores this yearDollar General says it will open 975 new stores in the US this year and remodel 1,000 older stores
Weiterlesen »
On ’60 Minutes,’ Fed chief Powell aims for middle groundFederal Reserve Chairman Jerome Powell, in an interview with '60 Minutes,' characterized the economic outlook as favorable and dismissed the notion that President Trump could fire him for raising rates
Weiterlesen »
Fed Chair Powell says ‘No,’ President Trump cannot fire himFed Chairman Jerome Powell said this weekend that the president cannot fire him and hinted that the days of the dot plots may be numbered.
Weiterlesen »
Why rising wages could push the Fed toward more rate hikes yetRising wages were one of the few positives to come out of the Bureau of Labor Statistics' monthly nonfarm payrolls release.
Weiterlesen »
Why the dollar could keep rising this year even if the Fed doesn't hike — further vexing TrumpThe U.S. dollar could build on its strong gains this year, even with the Federal Reserve not raising rates, as the United States' economic prospects near term look far less grim than those of other countries.
Weiterlesen »