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Dollar holds near one-month peak as dovish Fed bets recede
  + stars: | 2024-01-18 | by ( ) www.cnbc.com   time to read: +2 min
The dollar held close to a one-month peak versus major peers on Thursday after robust U.S. retail sales data overnight added to building expectations the Federal Reserve will not rush to lower interest rates. Australia's dollar weakened after data showed an unexpected decline in employment. Traders have trimmed the odds of a first Fed rate cut by March to 53.8%, down from 63.1% on Tuesday, according to CME's FedWatch Tool. ECB President Christine Lagarde told Bloomberg there would likely be majority support among ECB officials for an interest rate cut in the summer, although she stressed they would be data-dependent. Elsewhere, the Australian dollar weakened after data showed a 65,100 drop in jobs for December, where economists had forecast a 17,600 increase.
Persons: CME's, Christopher Waller, Tony Sycamore, Sycamore, Christine Lagarde, Sterling Organizations: Reserve, U.S, hawkish Bank, Japan, Traders, IG, Bloomberg, Bank of England, British, greenback Locations: Japan
Sept 14 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The global policy picture, however, could be a lot clearer on Thursday when the European Central Bank delivers its latest rate decision. The Asian and Pacific economic data calendar has a few top-tier releases lined up for Thursday, including Australian unemployment, Japanese machinery orders, Indian wholesale inflation and Indian trade. Annual wholesale inflation in India is expected to be negative for a fifth straight month but continue moving further away from July's 4% deflation. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Jamie McGeever, Josie Kao Organizations: Reserve, European Central Bank, Reuters, hawkish Bank of Japan, Apple, Commission, Wednesday, Thomson Locations: U.S, India, July's, China, Beijing, Australia, Japan
LONDON, June 21 (Reuters) - Oil prices stabilised on Wednesday ahead of Federal Reserve Chair Jerome Powell's congressional testimony later in the day and as data showing British inflation remained sticky raised the possibility of a hawkish Bank of England policy decision this week. The main market focus is on Fed officials due to speak later in the day, with Chair Powell's congressional testimony on the economy on Wednesday and Thursday the highlight. However, should Powell prompt a hawkish return of rate cut expectations, the U.S. dollar could see some support, ING strategist Francesco Pesole said in a note. A stronger U.S. dollar is bearish for oil as it makes commodities more expensive for holders of other currencies. Oil prices drew some support from a possible drawdown in U.S. crude stocks, with Reuters poll among five analysts estimating that crude stockpiles fell by about 400,000 barrels on average in the week to June 16.
Persons: Jerome, Brent, Craig Erlam, Powell, Francesco Pesole, Rowena Edwards, Katya Golubkova, Trixie Yap, Emelia Sithole, Louise Heavens Organizations: Federal, hawkish Bank of, . West Texas, Bank of England, U.S, ING, Reuters, American Petroleum Institute, Energy, Administration, Thomson Locations: bank's Washington, U.S, Tokyo, Singapore
Morning Bid: Europe has a data fest, and growth worries
  + stars: | 2023-05-16 | by ( ) www.reuters.com   time to read: +2 min
A look at the day ahead in European and global markets from Vidya RanganathanTuesday's a busy day for European markets. We get preliminary growth numbers for the euro zone, inflation in Italy, jobless data for Britain and, crucially, the German economic sentiment ZEW survey. No surprises are seen in euro zone GDP data - rather, analysts assume the tepid pace seen in the fourth quarter hasn't picked up. That leaves the German ZEW survey for May in the spotlight. UK labour market data is a biggie too for sterling this week, offering insight into the headline pay growth that the hawkish Bank of England is eyeing.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe'll continue to see a hawkish Bank of England, chief economist saysWe'll continue to see a hawkish Bank of England, Chief Economist and Macro Strategist at Quintet Private Bank Daniele Antonucci says.
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