Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Mansoor Mohi"


6 mentions found


Euro slips to one-month low as Macron calls French election
  + stars: | 2024-06-10 | by ( ) www.cnbc.com   time to read: +4 min
It was last down 0.24% at $1.0776 as investors weighed the implications of renewed political uncertainty in the euro zone's second-biggest economy in a key election year. "But the exchange rate is still more likely to be influenced by this week's U.S. inflation data and FOMC meeting." The jobs data led traders to once again shift their expectations of when the Fed will cut rates and by how much. Markets are now pricing in 36 basis points of cuts this year compared to nearly 50 bps — or at least two cuts — before the jobs data. U.S. inflation data is also due on Wednesday.
Persons: Emmanuel Macron, Macron, Mansoor Mohi, Uddin, Ryan Brandham, Jerome Powell, Marc Chandler, Sterling Organizations: European Union, Federal Reserve, Bank Of Singapore, European Central Bank, Reuters, North America, Validus Risk, Bannockburn Global, The Bank of Japan Locations: European, Asia, France's, U.S, ., Bannockburn, New York
Dollar drifts as traders weigh rate path; yen fragile
  + stars: | 2023-06-19 | by ( Ankur Banerjee | ) www.reuters.com   time to read: +3 min
In an action-packed week of central bank decisions, the Federal Reserve left interest rates unchanged on Wednesday but hinted that further hikes were on the way to tame inflation. Investors, though, expect the central bank to be done with its tightening in July. On Monday, the yen touched a near seven-month low of 141.98 per dollar, having slid 1% on Friday. The yen also touched a fresh 15-year low against the euro of 155.32. The Australian dollar fell 0.32% to $0.686, while the kiwi eased 0.26% to $0.622.
Persons: Marc Chandler, Chandler, Jerome Powell's, Powell, Mansoor Mohi, uddin, Sterling, Ankur Banerjee, Muralikumar Organizations: U.S, Bank of Japan, Federal Reserve, European Central Bank, Bank of, Investors, Investor, Citi, Bank of Singapore, Thomson Locations: SINGAPORE, Bank of Japan, Bannockburn, New York, Singapore
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.12% higher, while Japan's Nikkei (.N225) gained 0.5%. Traders have increasingly become convinced that the Fed will cut rates in the second half to ward off an economic downturn. The two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, eased to 3.951%, after closing at 3.993% on Friday's abbreviated trading. A closely watched part of the U.S. Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes , seen as an indicator of economic expectations, was at -57.7 basis points. The yen weakened 0.41% to 132.69 per dollar as Japan's new central bank governor Kazuo Ueda takes over from Haruhiko Kuroda.
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was 0.14% higher, while Japan's Nikkei (.N225) gained 0.5%. China shares eased on Monday, with the bluechip CSI300 Index (.CSI300) 0.2% lower, while the Shanghai Composite Index (.SSEC) down nearly 0.3%. Markets are now pricing in 66% chance of the Fed raising interest rates by 25 basis points in its May 2-3 meeting, according to CME FedWatch tool. Traders have increasingly become convinced that the Fed will cut rates in the second half to ward off an economic downturn. In the currency market, the dollar index , which measures the U.S. currency against six major peers, rose 0.118% to 102.14.
Dollar tentative as investors assess rate-hike path
  + stars: | 2023-01-09 | by ( ) www.reuters.com   time to read: +3 min
That led the dollar index , which measures the U.S. dollar against six major currencies, 1.15% lower on Friday. On Monday, the index, which gained 8% in 2022, was 0.01% higher at 103.720. Analysts, however, point to the still tight labour market that is likely to concern Fed officials. With the next Fed meeting scheduled at the start of next month, investors will focus on the consumer price index data due on Thursday. The Australian dollar rose 0.17% versus the U.S. currency to $0.689, while the kiwi gained 0.02% to $0.635.
Morning Bid: It's still the economy, stupid
  + stars: | 2022-10-21 | by ( ) www.reuters.com   time to read: +2 min
A look at the day ahead in European and global markets from Anshuman DagaJust two months ago, Liz Truss said her government's defining mission would be to revive the economy. That job has become even more tougher for whoever is chosen as the next British PM after Truss was ousted following six chaotic weeks marred by policy shocks. Asian stocks weakened further as the rally in U.S. Treasury yields strengthened on reinforced expectations that persistent labor tightness in the world's biggest economy would force the Fed to keep raising interest rates aggressively, possibly throwing the economy into recession. Two-year Treasury yield hit a 15-year high of 4.623%, while the 10-year also rose to multi-year highs of 4.243%. Meanwhile, European Union leaders ended another debate on the bloc's response to the energy crunch without agreement on whether to cap gas prices.
Total: 6