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Top related persons:
Fed - 2 Mohit Kumar - 2 Kristoffer Kjær Lomholt - 2 Lomholt - 2 Jerome Powell - 1 Sim Moh Siong - 1 Samuel Indyk - 1 Rocky Swift - 1
Top related locs:
The Bank of Japan
Top related orgs:
U.S - 2 Federal Reserve - 2 European Central Bank - 2 Jefferies - 2 Bank of Japan - 2 Money - 2 ECB - 2 Danske Bank - 2

Search resuls for: "Kristoffer Kjær Lomholt"


5 mentions found


☆ Dollar ekes out gain after Fed hike hint; yen slips
  + stars: | 2023-06-15 | by ( Samuel Indyk | ) www.reuters.com   time to read: +4 min
The Fed's policy decision snapped a string of 10 consecutive rate hikes, but the projections, or dot plot, showed policymakers expect two more increases by the end of 2023. The euro was last flat versus the dollar at $1.0841 after touching a four-week high of $1.0865 on Wednesday. "Dollar-yen is at year highs and markets are increasingly beginning to talk about whether a further rise could trigger the BoJ to verbally and also effectually intervene in the FX market," Lomholt added. Japan's top government spokesperson said on Thursday that volatile currency market moves were undesirable and the authorities would take "appropriate" action as needed. The kiwi dollar sank 0.6% to $0.6172 after data showed New Zealand's economy slipped into a technical recession in the first quarter, putting further rate hikes in doubt.
Persons: Jerome Powell, Fed, Mohit Kumar, Kristoffer Kjær Lomholt, Lomholt, Sim Moh Siong, Samuel Indyk, Rocky Swift, Edmund Klamann, Sohini Goswami, Shweta Agarwal Organizations: U.S, Federal Reserve, European Central Bank, Jefferies, Bank of Japan, Money, ECB, Danske Bank, The Bank of, FX, People's Bank of China, Singapore, Thomson Locations: The Bank of Japan
☆ Dollar gains after Fed hike hint; yen tumbles
  + stars: | 2023-06-15 | by ( ) www.cnbc.com   time to read: +2 min
The U.S. dollar strengthened on Thursday after the Federal Reserve left borrowing costs unchanged but signaled further rate hikes to come as attention turned to the European Central Bank policy announcement later in the day. The Fed's policy decision snapped a string of 10 consecutive rate hikes, but the projections, or dot plot, showed policymakers expect two more increases by the end of 2023. The market's attention is now turning to other central bank decisions late this week, with the ECB policy announcement on Thursday before the Bank of Japan on Friday. "Dollar-yen is at year highs and markets are increasingly beginning to talk about whether a further rise could trigger the BoJ to verbally and also effectually intervene in the FX market," Lomholt added. Japan's top government spokesperson said on Thursday that volatile currency market moves were undesirable and the authorities would take "appropriate" action as needed.
Persons: Powell, Fed, Mohit Kumar, Kristoffer Kjær Lomholt, Lomholt Organizations: U.S, Federal Reserve, European Central Bank, Jefferies, Bank of Japan, Money, ECB, Danske Bank, The Bank of, FX Locations: The Bank of Japan
☆ Banking turmoil means recession fears are creeping back
  + stars: | 2023-03-29 | by ( ) www.reuters.com   time to read: +5 min
Here's what some closely watched market indicators say about recession risks:1/ CRUNCH TIME? Central bankers are closely monitoring the potential for banking stress, on top of lending conditions that were already tightening, to trigger a credit crunch. European Central Bank boss Christine Lagarde has also said the market turmoil may help fight inflation. Reuters Graphics3/ BANK STOCK ROUTWorld shares down just 0.1% in March and still sitting on gains this year seem to signal little recession risk, but worries are mounting under the surface. Global bank stocks, which had outperformed the MSCI World Stock Index before the turmoil, are down nearly 15% this month (.dMIWO0BK00PUS).
☆ US consumers may have to live with high prices for longer — and a falling dollar could be to blame
  + stars: | 2023-01-28 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +5 min
However, a four-month drop in the dollar is threatening to derail that trend by raising the cost of imported goods. But the welcome relief on the prices front is now facing a new threat — in the form of a falling dollar. A weaker dollar raises the cost of imported goods, which would eventually feed into consumer prices in the US. The US is a net importer of materials such as lumber and semiconductors that are crucial in manufacturing supply chains, and these would become costlier due to dollar weakness. "If we continue to see the dollar trade at current levels or even increase in weakness, that would be a headwind in the fight against high global inflation," Lomholt told Insider.
☆ King dollar's worst slump in over a decade is hammering one of 2022's biggest winners – but the greenback's dominant run might not be over just yet
  + stars: | 2022-12-08 | by ( George Glover | ) www.businessinsider.com   time to read: +4 min
Still, the dollar could advance next year thanks to its safe-haven status as recession risks rise, strategists told Insider. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. But the US currency is more likely to bounce back than to continue sliding next year, some strategists told Insider. "There's immense uncertainty around so much right now – Ukraine, China, recession, and interest rates, oil prices and OPEC." "Our expectation is that it continues hiking rates well into 2023 — and then the dollar should rise again."
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