Fed’s Hammack sees something in recent trends that could require policy action soon
Federal Reserve Bank of Cleveland President Beth Hammack said on Friday that it remains reasonable to keep interest rates steady for now, but she warned that if recent economic trends…
Russia’s Rosatom says Ukrainian drone hit engineers demining areas around Zaporizhzhia nuclear plant
Russia’s Rosatom says Ukrainian drone hit engineers demining areas around Zaporizhzhia nuclear plant Source link
Gold slides over 2% as strong US jobs data boosts Treasury yields, US Dollar
Gold (XAU/USD) edges lower on Friday after the US Nonfarm Payrolls (NFP) report beat expectations, boosting the US Dollar (USD) and reinforcing expectations that the Federal Reserve (Fed) will keep…
UBS: Gold faces short-term headwinds but structural drivers point to new highs
UBS: Gold faces short-term headwinds but structural drivers point to new highs Source link
Bitcoin Deepens Losses as Crypto Market Comes Under Pressure
Bitcoin is under strong selling pressure, falling over 17% in a week and dropping below USD 60,000. The decline was intensified by USD 532 million in long liquidations on Binance,…
Indian Rupee: RBI pause supports INR outlook – Societe Generale
Societe Generale analysts Kunal Kundu and Galvin Chia note that the Reserve Bank of India (RBI) Monetary Policy Committee (MPC) kept the repo rate at 5.25% with a neutral stance,…
British Pound breaks below 1.3400 as blowout NFP ignites US Dollar rally
The Pound Sterling (GBP) falls below the 1.3400 figure on Friday, registering losses of 0.37% against the US Dollar (USD) after the latest Nonfarm Payrolls report in the US crushed…
EM FX: Indonesia and Korea under pressure – BNY
BNY’s Bob Savage underscores renewed stress in parts of EM Asia, with Indonesia’s Rupiah weakening beyond 18,000 and Korean Won pressured despite a strong current account surplus. Indonesian officials push…
Japan: Wage gains bolster BoJ hike case – Deutsche Bank
Deutsche Bank analysts underscore that stronger Japanese wage data and resilient household spending are reinforcing expectations for Bank of Japan (BoJ) tightening. Real and nominal wages are rising at the…
Swiss Franc falls as US Dollar gains on stronger-than-expected NFP report
The Swiss Franc (CHF) weakens on Friday as the US Dollar (USD) outperforms its major peers following upbeat US labor market data. At the time of writing, USD/CHF is trading…
