A look at the day ahead in European and global markets from Wayne Cole
"Now that Powell has opened the door to 50bp, the bar has likely changed such that the February data need to reverse some of the January strength to stay at 25bp," say JPMorgan's analysts. And if they go 50bp this month, that might become the new norm for May and June.
All this frenetic speculation has clearly been a boon to the U.S. dollar, which broke above its 200-day moving average on the yen for the first time this year to hit 137.49 .The poor Aussie dollar suffered an even bigger hit as RBA chief Lowe took this exact moment to mention the possibility ofLowe cited Australia's relatively restrained wages growth and the fact hikes have more impact on household spending since the majority of mortgages have variable rates rather than fixed.
"If the Fed follows through and hikes by 50bps in March, and even more likely the Bank of Canada strikes the pause button, the rate gap is consistent with USD/CAD heading up to 1.40 or even slightly beyond," says Ruskin in a note. - Appearances include ECB President Christine Lagarde and Bank of England Monetary Policy Committee member Swati Dhingra
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Morning Bid: RBA set to raise rates, and Powell to the peopleA look at the day ahead in Asian markets from Jamie McGeever.
Weiterlesen »
Morning Bid: Powell's plan, China challengeA look at the day ahead in U.S. and global markets from Mike Dolan
Weiterlesen »
Morning Bid: Jay walks the walk, markets get Powell-slammedA look at the day ahead in Asian markets from Jamie McGeever.
Weiterlesen »
Fed Chair Powell’s remarks can probably see the Dollar gently bid – INGToday, the highlight will be Fed Chair Jerome Powell's testimony on monetary policy. The US Dollar can hold gains on limited Powell pushback, in the v
Weiterlesen »
Morning Bid: China takes fiveA look at the day ahead in U.S. and global markets from Alun John
Weiterlesen »
Morning Bid: Don't fight central banksA look at the day ahead in European and global markets from Anshuman Daga
Weiterlesen »