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The 2024 Latin Grammy Awards are here — and it's a milestone anniversary. This year the event celebrates 25 years of honoring the best of Latin music in Spanish and Portuguese. More than 700 artists were nominated across 58 categories this year, according to Manuel Abud, CEO of the Latin Recording Academy. Latin music icon Marc Anthony will also executive produce a special segment, with salsa great Sergio George, to pay homage to the tropical music genre. Puerto Rican artist Kany García performed during the pre-show and won best singer-songwriter song with "García."
Persons: — it's, Manuel Abud, Bad, Anitta, Karol G, Luis Fonsi, Pitbull, Juan Luis Guerra, Carlos Vives, Marc Anthony, Sergio George, Edgar Barrera, Barrera, Nathy Peluso, Amar, Peluso, Kany García Organizations: Kaseya, Latin Recording Academy, Shakira, Latin, Grupo Frontera, Miami Beach Convention, Juventud, Univision Locations: Miami, U.S, Colombian, Mexican American, Spanish Argentine, Puerto Rican
Celebrities are hitting the black carpet for the 2024 MTV Video Music Awards Wednesday night, with many of the summer's hottest stars making their VMA debuts as performers. Chappell Roan, whose career has seen astronomical growth this year, has become known for her eye-catching, drag-inspired outfits onstage. With only a handful of red carpet appearances on the books so far, the VMAs will be an opportunity for the "Midwest Princess" to share her unique style with the masses. This year’s awards show is being held at the UBS Arena in New York, and will feature performances by Roan, Carpenter, Eminem, Benson Boone and Anitta, among others. Here’s how the stars channeled their personal style into memorable red carpet looks.
Persons: Chappell Roan, Sabrina Carpenter, sartorially, Roan, Carpenter, Eminem, Benson Boone Organizations: VMA, Vogue, UBS Arena Locations: New York, Anitta
CNN —Madonna was everywhere at this year’s MTV Video Music Awards in New York — and she wasn’t even there. But it was Artist of the Year nominee Sabrina Carpenter who went the extra mile by tracking down a vintage gown from the Queen of Pop’s style archive. Featuring a deep-V neckline and embellished with sequins, pearls and crystals, the white satin gown was designed — and later customized for Madonna — by celebrated fashion designer Bob Mackie. “Maria Schiavo, a well-known fashion stylist, borrowed my sample of this dress for a Madonna cover shoot for Vanity Fair,” Mackie recalled. Nobody else should be seen in that dress.”)Carpenter’s stylist, Jared Ellner, said on Instagram that he acquired the Madonna gown through LA vintage clothing studio, Tab Vintage.
Persons: CNN —, Addison Rae, Anitta, Sabrina Carpenter, , Bob Mackie, Michael Jackson, , Dick Tracy, Madonna, Marilyn Monroe, Ron Galella, Steven Meisel, Mackie, “ Maria Schiavo, ” Mackie, Pop, Fran Drescher, Monroe, Diana Ross, Cher, Anya Taylor, Joy, Katy Perry, Zendaya, Miley Cyrus, Kim Kardashian, Jared Ellner, De, Tab Vintage’s, Alexis Novak, Carpenter, , Evan Agostini, Britney Spears, Spears Organizations: CNN, MTV, De Beers, Vogue, UBS Arena, Billboard, VMA Locations: New York, Monroe, Elmont , New York
Best red carpet looks from the MTV VMAs
  + stars: | 2024-09-11 | by ( Oscar Holland | ) edition.cnn.com   time to read: +3 min
See below for some of the red carpet’s best looks so far. Jamie McCarthy/WireImage/Getty ImagesAward host Megan Thee Stallion’s eye-catching gown featured a corseted bodice and flared out above and below the knee. Noam Galai/Getty ImagesLil Nas X’s bold pink outfit left social media users wondering whether he was channeling his inner Power Ranger. Noam Galai/Getty ImagesTaylor Swift. Jamie McCarthy/WireImage/Getty ImagesLenny Kravitz, who was awarded the Best Rock VMA on the red carpet, arrived in a shirtless all-black leather look, complete with matching necktie.
Persons: Donald Trump, Kamala Harris, Gaga’s, Madonna, Megan Thee Stallion, Billie Eilish, BlackPink’s Lisa, Tyla, Andrew Kelly, Katy Perry, Michael Jackson, Valerie Terranova, Scrappy, Jamie McCarthy, Megan Thee, Matt Baron, BEI, GloRilla, Noam Galai, Nas, Taylor Swift, Angela Weiss, Shawn Mendes, Suki Waterhouse, Margaret Qualley, Jack Antonoff, Reuters Halle Bailey, Kevin Mazur, Addison Rae, Anthony Harvey, Shutterstock Doechii, Sean, Camila Cabello, Paris, Nicky Rothschild, Evan Agostini, Halsey, Versace, Elizabeth Hurley, Reuters Anitta, Reuters Quavo, Gilbert Flores, Sabrina Carpenter, Bob Mackie, Shutterstock Chappell Roan, Lenny Kravitz, Walker, Dimitrios Kambouris, Lisa, Blackpink, Shutterstock Damiano David of Måneskin Organizations: CNN, UBS Arena, MTV’s, Getty, Reuters, Paris Hilton, Best, VMA Locations: New York
If you don't have MTV through traditional cable methods, we'll highlight everything you need to know about where to watch the VMAs, including live streaming methods. Where to watch the VMAs in the USThe VMAs will air on MTV in the United States. If you're a cord-cutter or MTV isn't included in your current cable subscription, it might be time to explore a live TV package. Philo offers over 70 live channels, including MTV, Lifetime, and AMC. Each plan carries about 35-42 live channels with some overlap (Orange has several ESPN channels, while Blue carries FX, USA, and local channels in select regions).
Persons: Megan Thee, She's, Chappell Roan, Sabrina Carpenter, Camila Cabello, Shawn Mendes, Katy Perry, she'll, Taylor Swift, year's VMAs, Post Malone, Eminem, Ariana Grande, Carpenter, we've, Philo, Sling, ExpressVPN, Anitta Benson Boone Camila Cabello Chappell Roan Eminem, Halsey Jessie Murph KAROL G Lenny Kravitz, LISA LL Cool, Alejandro Sabrina Carpenter Shawn Mendes Teddy Organizations: Business, MTV, Post, Lifetime, AMC, ESPN, Blue, Paramount, Comedy, Fubo Locations: SZA, United States
More than a million people thronged Brazil’s Copacabana beach for a free Madonna concert on Saturday, braving the heat to see the end of her “Celebration” world tour. The sand and oceanfront boulevard around Rio de Janeiro’s famed beach were filled for several blocks by a crowd the city estimated at 1.6 million. Rio’s state and city governments said they spent $3.9 million on the concert. Rio’s state and city governments said they spent 20 million reais ($3.9 million) on the concert, while the rest was financed by private sponsors. The authorities estimate the concert could bring about 300 million reais to Rio’s economy.
Persons: Mauro Pimentel, , ” Madonna, Anitta, Pabllo, Rod Stewart, Taylor Swift Organizations: Rio de, Firefighters, Vogue Locations: Rio, AFP, Brazilian
Nicole Brown Simpson's family is collaborating with Lifetime to create a new docuseries. The series aims to provide Brown Simpson's own narrative in one of history's most notorious crimes. Lifetime announced Thursday that "The Life and Murder of Nicole Brown Simpson" will premiere on the network on June 1 in a two-night event. After Simpson's death, Brown said her family has been dedicated to the cause of domestic violence in many arenas. "Nicole endured incredible pain, and through that pain, she was able to protect her children.
Persons: Nicole Brown Simpson's, Brown, , Nicole Brown Simpson, Simpson, Ronald Goldman, OJ Simpson, Simpson's, Nicole, Denise Brown, Tanya, Dominique, I'm, It's, Shonda Rhimes, Mariska Hargitay, Amy Schumer, Amber Ruffin, Melissa Joan Hart, Glenn Close, Nicky Hilton Organizations: Lifetime, Service, NFL, Variety's, Cooper Hewitt Smithsonian Design, of Locations: New York City, we're
Multiple celebrities went for see-through looks at the 2024 Vanity Fair Oscar Party on Sunday. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementWhile the Academy Awards are a formal affair, after-parties such as the annual Vanity Fair Oscar Party allow stars to experiment with bolder looks. This year, stars including Florence Pugh, Vanessa Hudgens, Paris Hilton, and Ice Spice chose sheer skirts, exposed underwear, and see-through tops. Here are some of the most jaw-dropping sheer looks from the 2024 Vanity Fair Oscar Party red carpet.
Persons: Anitta, Florence Pugh's, , Florence Pugh, Vanessa Hudgens, Paris Hilton Organizations: Party, Service, Spice
REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsBENGALURU, Nov 14 (Reuters) - U.S. Treasury yields will fall in coming months, though not as sharply as forecast previously, according to bond strategists polled by Reuters, who said for a fourth month running in even greater numbers that the 10-year note yield had peaked. The benchmark 10-year Treasury note yield breached the 5% mark last month for the first time since July 2007, more than a full percentage point above its August low of 3.96%. Yet, when asked whether the 10-year note yield had peaked in the current cycle, an overwhelming 94% majority of respondents, 30 of 32, said it had. The interest-rate sensitive 2-year Treasury note yield , currently at 5.04%, was expected to decline about 20 basis points by end-January, before falling to 4.00% in a year, according to the survey. If realized, this would mean a complete reversal of the inverted spread between yields of U.S. 2-year and 10-year Treasury notes - historically a reliable indicator of impending recession - by end-October 2024.
Persons: Dado Ruvic, Thomas Simons, Mike Sanders, Sarupya Ganguly, Prerana Bhat, Purujit Arun, Anitta Sunil, Sujith Pai, Christina Fincher Organizations: REUTERS, Rights, Treasury, Reuters, Federal Reserve, Hamas, Jefferies, Madison Investments, Thomson Locations: U.S, Israel
Prime Minister Giorgia Meloni of Italy on Tuesday heralded an agreement she had struck with Albania, a non-European Union nation, to outsource the processing and containment of migrants as a breakthrough for one of the continent’s most defining challenges. “I believe it could become a model of cooperation between E.U. countries in managing migration flows,” Ms. Meloni told the Rome-based daily newspaper Il Messaggero. “I think this agreement features a bold European spirit.”But Italian politicians caught by surprise by Ms. Meloni’s announcement in Rome on Monday questioned whether the agreement — struck earlier this week with the nation across the Adriatic Sea — was legal, ethical, practical or even real. “Before further commenting, we need to understand what exactly they want to do,” Anitta Hipper, a spokeswoman for the European Commission, said on Tuesday.
Persons: Giorgia Meloni, , Ms, Meloni, Anitta Hipper Organizations: European Union, E.U, European Commission Locations: Italy, Albania, European, Rome
[1/4] A view of the turbines at an offshore wind farm near Nysted, Denmark, September 4, 2023. Time is short: The EU has a legally binding goal to nearly double renewable sources as a share of total energy by 2030, to 42.5%, requiring a rapid expansion of offshore wind. But of the governments surveyed, only Britain and Poland said they had invested or budgeted for steps to improve the security of offshore infrastructure. It requires a lot of effort from the government side," said Mattia Cecchinato, senior adviser for offshore wind at WindEurope. It said it would establish a permanent coast guard base close to where offshore wind farms are planned.
Persons: Tom Little, Thomas Almegaard, Vladimir Putin, Mads Nipper, Orsted, Ewa Skoog Haslum, James Appathurai, Germany's RWE, Anitta, Mattia Cecchinato, Rasmus, Krzysztof Jaworski, Orsted's Errboe, Benjamin Mallet, Riham, Elizabeth Piper, Toby Sterling, Andrius Sytas, Marek Strzelecki, Sara Ledwith Organizations: REUTERS, Reuters, Baltic Seas, EU, NATO, NewNew, Sweden's, Soaring, Emerging, Research, Solutions, Internal, Fund, Military, Naval Operations Centre, Polish Navy, Thomson Locations: Nysted, Denmark, Europe, Baltic, Nord, Finland, Sweden, Estonia, Russian, Russia, NewNew Shipping, Netherlands, Britain, Poland, Germany, North, Swedish, Copenhagen, Moscow, Sofia, European, Anitta Hipper, Belgium, Norway, France, Lithuania, Latvia, Baltic . Poland, Paris, Berlin, London, Amsterdam, Vilnius, Warsaw
LOS ANGELES (AP) — In 2019, when the K-pop group TOMORROW X TOGETHER (TXT for short) first debuted, they were best known as the first BigHit Entertainment boy band since BTS. This year, they became the first ever K-pop group to headline it, a few months after their album, "The Name Chapter: Temptation,” debuted at No. “Growing requires growing (through) pain all the time. “We take great value in working together with various artists,” Taehyun says of their global collaborations. “Because collaborating with different artists always inspires us and it pushes us forward.
Persons: Huening Kai, TXT, , Peter Pan, , Taehyun, They've, Anitta, Jonas Brothers, ” Taehyun Organizations: ANGELES, , Entertainment, U.S, Associated Press Locations: Chicago
With 66 million followers on the platform, Karol G ranks 70th in terms of follower count but 6th when it comes to engagement rates. But the label’s enthusiasm for its Karol G campaign a half-year after its release is telling, nonetheless. Karol G attends the #BoF500 Gala during Paris Fashion Week at Shangri-La Hotel Paris on September 30, 2023 in Paris, France. By the time Karol G entered the scene in a big way, fashion, luxury and sportswear giants were still warming up to her male counterparts. People aren’t as fixated on that anymore.”Indeed, it is the shift in attitudes toward language that appears to have helped Karol G secure the Loewe deal.
Persons: Karol G, Jonathan Anderson, Karol’s, Shakira, — Karol G, Provenza, , , Nicki Minaj —, Karol, Karol G's, she’s, Lea Colombo, “ Karol G, Charlie Smith, Loewe, couldn’t, Ricky Martin’s, hasn’t, “ I’ve, Anderson, Karol G’s, ” Karol G, Christopher Polk, SocialBook, Kim Kardashian, Julian Martinez, ” Martinez, “ Karol, Miu, Roberto Cavalli, Gina Ferazzi, Loewe’s Smith, Jacquemus, Barbie, Emilio Pucci, , Vetements, Rick Owens, Pascal Le Segretain, Maykol Sanchez, Spotify’s, Yankee’s, Don Omar’s, Maluma, J, Nicky Jam, . Ivy Queen, Jennifer Lopez, Shakira —, Burberry —, Becky G —, Karol —, Ovy, Bad Bunny, Rich Fury, Karla Martínez, There’s, Leila Cobo, Billboard’s, ” Cobo, aren’t, “ Jonathan, ” Karol, Carolina Giraldo Navarro, Colombia’s, J Balvin, Cobo, She’s, ” she’s, haven’t, ’ ” Karol G, Alexander Tamargo, Nina García, Elle, García, ” García, I’ve, I’m, it’s, Brett Alan Nelson, I’d Organizations: The, Fashion, CNN, , Billboard, MTV, New York City’s Rockefeller Center, Variety, Los Angeles Times, Getty, Brands, Los, Paris, Spotify, Reebok, Umbro, Dolce, Gabbana, Nike, Guess, Adidas, Trailblazers, Burberry, Levi’s, Kappa, Puerto Rican, Pew Research Center, Limits, Vogue Mexico, reggaeton’s, Loewe, Carolina, Puerto Locations: Spanish, , Latin America, New York, Newark , New Jersey, California, Versailles, bejeweled, Paris, France, Spain, Italy, Germany, Canada, America, Balmain, Barcelona, Rosalía, American, Panama, Jamaica, Puerto Rico, Dominican, Caribbean, Medellín, Colombia, Puerto, Miami, Mexico City, Buenos Aires, Santiago, Chile, Austin, Austin , Texas, Mexico, North America, Europe, Dubai, Singapore, Nairobi, Puerto Rican, Sera, Miami , Florida, Colombiamoda
A pedestrian walks past the Bank of England in the City of London, Britain, September 25, 2023. Last week, the Bank surprised markets by not raising rates, sending sterling to a six-month low, but signalled rates would remain higher for longer. Still, over 40% of economists, 15 of 37, who answered an extra question said the BoE should hike rates again this year. Sixteen economists predicted Bank Rate at 5.00% in the third quarter, 10 forecast 4.75%, six said 4.50%, one expected 4.25% and one 3.75%. The European Central Bank was predicted to cut rates in the third quarter next year but the Federal Reserve might start in the second quarter, separate Reuters polls showed.
Persons: Hollie Adams, The BoE, BoE, James Smith, James Rossiter, Shaloo Shrivastava, Anitta Sunil, Purujit Arun, Jonathan Cable, Bernadette Baum Organizations: Bank of England, City of, REUTERS, Rights, Bank, Monetary, The, ING Financial Markets, TD Securities, European Central Bank, Federal Reserve, Thomson Locations: City, City of London, Britain
Nearly all 65 economists in the Sept. 11-13 Reuters poll expected the BoE to hike its Bank Rate by 25 basis points to 5.50% this month, in line with interest rate futures pricing. Survey medians showed the Bank Rate was expected to peak at 5.50%, matching rate futures pricing, and stay there until mid-2024. While 28 economists expected the Bank Rate to peak at 5.75%, two said 6.00%. Nine of 16 gilt-edged Market Makers (GEMMs) that participated in the poll predicted a 5.50% peak rate and seven said 5.75%. A separate Reuters poll showed average house prices in Britain were predicted to fall 4% this year and flatline in 2024 before rising in 2025.
Persons: BoE, Maja Smiejkowska, Ellie Henderson, BoE Governor Andrew Bailey, Catherine Mann, Shaloo Shrivastava, Anitta Sunil, Purujit Arun, Maneesh Kumar, Pranoy, Ross Finley, Hari Kishan, Mark Potter Organizations: Bank of England, REUTERS, Rights, Reuters, HSBC, MPC, Royal Institution, Chartered Surveyors, Thomson Locations: London, Britain, Investec
See below for some of the red carpet’s best looks so far. Johnny Nunez/Getty ImagesTinashe Gilbert Flores/Variety/Getty ImagesChloe Bailey Andrew Kelly/ReutersMåneskin mastered ensemble dressing in a selection of complementary outfits by Rick Owens. Jamie McCarthy/WireImage/Getty ImagesOlivia Rodrigo brought the sparkle in a low-cut bejeweled Ludovic de Saint Sernin silver gown made of 150,000 Swarovski crystals. Gilbert Flores/Variety/Getty ImagesColton Haynes Dimitrios Kambouris/Getty ImagesKarol G embraced the see-through trend in a sparkling sheer beige dress by French label Ashi Studio. Dia Dipasupil/FilmMagic/Getty ImagesOffset Evan Agostini/Invision/APDemi Lovato Jamie McCarthy/WireImage/Getty Images
Persons: , Mariah Carey’s risqué, Jared Leto, Emily Ratajkowski, Cardi, Dilara, Dipasupil, Selena Gomez Doug Peters, Shakira Noam Galai, Tiffany Haddish Gilbert Flores, Jared Leto Andrew Kelly, Doechii Jason Kempin, Billy Porter Kevin Mazur, Evan Agostini, Gilbert Flores, Anitta, Noam Galai, Bebe Rexha Angela Weiss, Stephen Sanchez, tote, Johnny Nunez, Tinashe Gilbert Flores, Chloe Bailey Andrew Kelly, Måneskin, Rick Owens, Angela Weiss, Ballerini, Jamie McCarthy, Olivia Rodrigo, Ludovic de Saint, Roger Vivier, Christopher Polk, Anthony Harvey, Megan Thee, Brandon Blackwood, Jacob &, Colton Haynes Dimitrios Kambouris, Karol G, Dia Dipasupil, Demi Lovato Jamie McCarthy Organizations: CNN, Prudential Center, Variety, Schiaparelli's, Couture, Getty, New York, Jewelry, Ashi, Dia Locations: Newark , New Jersey, Turkish, British, New
MTV VMAs 2023: See the full list of winners
  + stars: | 2023-09-12 | by ( Alli Rosenbloom | ) edition.cnn.com   time to read: +4 min
CNN —The 2023 MTV Video Music Awards were presented on Tuesday. Beyoncé, Doja, Karol G, Minaj and Shakira joined Swift as artist of the year nominees, marking the first time since the category was introduced in 2017 that all artist of the year nominees are women. Shakira received the Video Vanguard Award. The night also welcomed brand new category Best Afrobeats. Demi Lovato, Shakira, Olivia Rodrigo, Cardi B with Megan Thee Stallion, Diddy, Lil Wayne, Doja Cat and Fall Out Boy, among others, all performed during the ceremony.
Persons: Taylor Swift, , Doja, Karol G, Minaj, Shakira, Swift, Demi Lovato, Olivia Rodrigo, Cardi, Megan Thee, Lil Wayne, Miley Cyrus –, Nicki Minaj –, Olivia Rodrigo –, Sam Smith, Kim Petras, Bill ” Taylor Swift, Karol, Nicki Minaj Shakira Taylor, Cyrus –, Rema, Selena Gomez, Steve Lacy –, PinkPantheress Reneé Rapp, Saucy Santana –, Booty, Stephen Sanchez – “, Flo Milli, Conceited, Reneé Rapp – “, Sam Ryder –, Armani, GOATED, Fletcher –, Diana ”, FLO –, Lauren Spencer Smith, David Guetta, Bebe Rexha, Post Malone, Bryson Tiller, Yung Miami, Shakira –, Savage, Diddy, Lovato, ” Ed Sheeran, ” Taylor Swift, DJ Khaled, Lil Baby –, Swizz Beatz, ” Nicki Minaj –, Alicia Keys, Chris Brown –, Toosii –, ” Yung Bleu, Nicki Minaj, Metallica, , , Ella Baila Sola, Despechá, Starr – “, Musa Keys, ” Rema, Ayra Starr – Organizations: CNN, Metro Boomin, NK – Locations: Reneé Rapp – “ Colorado, Lipa
With average house prices having surged 25% during the COVID-19 pandemic, higher interest rates and higher living costs in a struggling economy have driven many to rent while they anticipate house prices will fall. All but one predicted prices would fall this year. House prices were forecast to stagnate next year, an upgrade compared to the 2.0% fall predicted three months ago. That comes after many years of close to zero and negative policy interest rates following the global financial crisis and during the pandemic. Eleven of 14 respondents said rental affordability would worsen over the coming year.
Persons: Thomas Peter, Carsten Brzeski, Brzeski, Sebastian Schnejdar, Indradip Ghosh, Anitta Sunil, Maneesh Kumar, Ross Finley, Barbara Lewis Organizations: REUTERS, Reuters, Housing, ING, European Central Bank, Analysts, Thomson Locations: Berlin, Germany, Europe's
[1/2] A smartphone with a displayed YouTube logo is placed on a computer motherboard in this illustration taken February 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsAug 21 (Reuters) - YouTube is launching an incubator to work with artistes and musicians to explore the use of artificial intelligence in music, according to its blogpost on Monday. The Alphabet (GOOGL.O) unit has signed up Universal Music (UMG.AS) as its first partner for the Incubator, and will work with artistes including Anitta, ABBA's Björn Ulvaeus, and Max Ricther. The group "will help gather insights on generative AI experiments and research that are being developed at YouTube," said Mohan, adding that YouTube would bring on board more partners. YouTube said it will further invest in AI-powered technology, including evolving its copyright management tool, Content ID, to protect viewers and creators.
Persons: Dado Ruvic, ABBA's Björn Ulvaeus, Max Ricther, YouTube's, Neal Mohan, Mohan, Yuvraj Malik, Arun Koyyur Organizations: REUTERS, YouTube, Universal, Thomson Locations: Bengaluru
There have been nine consecutive ECB rate rises since July 2022. In the poll 37 - or 53% - of 70 economists predict no move at the Sept 14 meeting compared with 47% in last month's poll, which would mean the ECB leaving its deposit rate at 3.75%, in line with market pricing. The poll also showed 53% expecting a deposit rate rise to 4.00% sometime this year, with 33 economists saying September, and four October or December. While markets are priced for a roughly 60% chance of a pause in September, they are split for year-end, with just over a 50% probability of a 4.00 deposit rate by then. However, inflation setbacks could still force a rate hike later this year," said Bas van Geffen, senior macro strategist at Rabobank.
Persons: Christine Lagarde, bloc's, Lagarde, Bas van Geffen, Michael Kirker, Prerana Bhat, Anitta Sunil, Maneesh Kumar, Sarupya Ganguly, John Stonestreet Organizations: European Central Bank, Reuters, ECB, Rabobank, spillovers, Deutsche Bank, Thomson Locations: BENGALURU, Germany, Ukraine, European
WARSAW/PRAGUE, July 6 (Reuters) - Central European currencies are expected to weaken over the next 12 months with the Polish zloty taking the biggest hit, a Reuters poll showed, as higher inflation compared to the euro zone and the prospect of interest rate cuts weigh. But with Hungary's central bank having already started to loosen policy and more rate cuts predicted in the region this year, analysts expect currencies to fall. The forint is expected to fall 1.3% to 380.0 against the euro, according to the poll. "Although consumer prices in Romania are largely sensitive to the exchange rate, it could soon allow the central bank to let leu depreciate slightly." The Czech crown is forecast to weaken the least of the region's currencies, falling 0.1% to 23.775.
Persons: Marcin Sulewski, HUF, Peter Virovacz, Jakub Kratky, leu, Jason Hovet, Alan Charlish, Sunil, Veronica Khongwir, Sarupya Ganguly, Conor Humphries Organizations: National Bank of Hungary, European Union, ING, Thomson Locations: WARSAW, PRAGUE, Poland, Romanian, Romania, Prague, Warsaw
BENGALURU, July 6 (Reuters) - The U.S. dollar will hold its ground against most major currencies for the rest of the year despite expectations of narrowing interest rate differentials as the U.S. economy stays resilient, according to FX strategists polled by Reuters. "The tightness of the U.S. labour market may help the economy and the dollar in the very short term," said Kit Juckes, chief FX strategist at Societe Generale. "Even if we see (interest) rate convergence, it seems unlikely a new major euro uptrend will start without stronger growth." Indeed, a majority of common contributors showed the dollar view against most major currencies for the coming six months has been either upgraded or kept unchanged from a month ago. "The dollar is getting a tailwind from the Fed ... the current strength is on a repricing of the Fed (rate) higher," said John Hardy, head of FX strategy at Saxo Bank.
Persons: Jerome Powell, Kit Juckes, Jonas Goltermann, Sterling, John Hardy, Indradip Ghosh, Shaloo Srivastava, Sarupya Ganguly, Anitta Sunil, Veronica Khongwir, Hari Kishan, Ross Finley, Matthew Lewis Organizations: U.S, Reuters, Federal Reserve, European Central Bank and Bank of England, Societe Generale, Futures Trading Commission, Capital Economics, Saxo Bank, Thomson Locations: BENGALURU, U.S, Europe, Asia, Britain, Bengaluru
Last week, the central bank surprised investors by raising interest rates half a percentage point, taking Bank Rate to 5.00%, and said there had been "significant" news suggesting persistently high inflation in Britain would take longer to fall. Bank Rate is now expected to peak at 5.50% next quarter following 25 basis point hikes at the BoE's August and September meetings, medians in the poll taken after the Bank's Thursday move showed. In a June 14 poll, policymakers were expected to draw a halt at 5.00% next quarter. "Are they going to be happy with just one more 25 basis points in August? Forty of 52 poll participants said the Bank would dial down the pace to 25 basis points on August 3 but gave a high median 40% chance of another 50 basis point lift.
Persons: James Smith, Stefan Koopman, Jonathan Cable, Aditi Verma, Anitta Sunil, Christina Fincher Organizations: Bank of England, Reuters, ING, Bank, Rabobank, Thomson Locations: Britain
In December 2021 the BoE was one of the first major central banks to draw a line under its ultra-loose pandemic-era monetary policy. It has now raised borrowing costs by 440 basis points across 12 consecutive meetings in modest-sized rate rises. All 64 economists polled June 12-14 said the BoE would add another 25 basis points to Bank Rate on June 22, taking it to 4.75%. A majority of economists surveyed, 52 of 64, said Bank Rate will have peaked by end-August with the median forecast putting it at 5.00%. Although starting later, both the Fed and the European Central Bank have largely been raising rates in greater magnitudes than the BoE.
Persons: BoE, Ellie Henderson, BoE Governor Andrew Bailey, Jonathan Haskel, Catherine Mann, Megan Greene, Silvana Tenreyro, Stefan Koopman, Investec's Henderson, Jonathan Cable, Aditi Verma, Anitta Sunil, Ross Finley, Catherine Evans Organizations: Bank of England, Monetary, Committee, Rabobank, U.S . Federal, Fed, European Central Bank, Reuters, Thomson Locations: Investec
BUENOS AIRES, June 8 (Reuters) - An expected fall in Mexico's peso will likely be cushioned by its favorable interest rate spread, although there is a wide range of views on the currency's prospects over the coming year, a Reuters poll of foreign exchange strategists showed. It was also the best projection for the 12-month period in the survey's recent history, reflecting positive sentiment towards the big margin between Mexico's benchmark rate, currently at 11.25%, and the U.S fed funds rate range of 5.00%-5.25%. "This is particularly stark for MXN, whose volatility is the most subdued despite its arguably greater sensitivity to U.S.-driven risk-off shocks." In Brazil, the real , is set to fall 4.5% in one year to 5.14 per U.S. dollar from 4.91 this week. The real is up 7.7%, confounding detractors who saw it crashing early on in President Luiz Inacio Lula da Silva's government.
Persons: Optimists, Luiz Inacio Lula da Silva's, Gabriel Burin, Anitta Sunil, Aditi Verma, Jonathan Cable, Ross Finley, Sharon Singleton Organizations: Thomson Locations: BUENOS AIRES, Mexico's, U.S, Brazil, Buenos Aires, Bengaluru
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