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

Search resuls for: "European Central Bank policymaker Isabel Schnabel"


4 mentions found


The euro languished not far from a three-week trough reached in the previous session, after normally hawkish European Central Bank policymaker Isabel Schnabel took a dovish tone on inflation, cementing bets for a rate cut this month. Currently, traders lay 34.6% odds of another 50 basis-point U.S. rate cut on Nov. 7, after the Fed kicked off its easing cycle with a super-sized reduction last month. "I do think that if the payrolls report overall is not too shabby tomorrow night, then we will see that pricing (for a 50 basis-point cut) coming in quite significantly." The dollar added 0.09% to 146.575 yen after earlier reaching 146.885 for the first time since Sept. 3. The euro was little changed at $1.10455, sitting not far from Wednesday's low of $1.10325, a level last seen on Sept. 12.
Persons: European Central Bank policymaker Isabel Schnabel, Ray Attrill, Attrill, Asahi Noguchi, Sterling Organizations: Federal Reserve, European Central Bank, Private U.S, ADP, Fed, National Australia Bank, Dovish Bank of Japan Locations: U.S, Iran, Israel
With liquidity lower due to holidays, the dollar index was down around 0.3% on the day at 103.720 . "But for the near-term outlook we’re looking for some more performance in the euro versus the dollar." The euro was up 0.2% on the day at $1.0681 , on track for a 6.2% annual loss versus the dollar, compared to last year's 7% drop. The British pound was down 0.1%, set for a 11% annual drop . Still, it was set for an 8.6% annual drop, hurt by dollar strength and a domestic economic slowdown.
Summary U.S. dollar up 8.6% so far in 2022Euro set for 6.2% annual lossLONDON/SINGAPORE, Dec 30 (Reuters) - The dollar was on track for its biggest annual gain since 2015 on Friday, in the last trading day of a year dominated by Federal Reserve rate hikes and fears of a sharp slowdown in global growth. In thin trading, the dollar index was down around 0.1% on the day at 103.900 . The euro was flat on the day at $1.066 , on track for a 6.2% annual loss versus the dollar, compared to last year's 7% drop. The Bank of Japan's ultra-dovish stance has seen the dollar gain 14.5% versus the yen so far this year, in the yen's worst performance since 2013. The onshore yuan was set for its worst annual performance in 28 years, hurt by dollar strength and a domestic economic slowdown.
ECB's Schnabel sees little risk of overreacting to inflation
  + stars: | 2022-12-24 | by ( ) www.reuters.com   time to read: 1 min
FRANKFURT, Dec 24 (Reuters) - European Central Bank policymaker Isabel Schnabel sees little risk of raising borrowing costs too far at present given that interest rates are still very low after they are adjusted for inflation, she said in an interview published on Saturday. "The danger of overreacting continues to be limited, as real interest rates are still very low," Schnabel told German newspaper Frankfurter Allgemeine Zeitung. Reporting By Francesco Canepa; editing by Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.
Total: 4