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

Search resuls for: "Sterling —"


3 mentions found


Dollar pinned down by 50 bp Fed cut bets
  + stars: | 2024-09-17 | by ( ) www.cnbc.com   time to read: +2 min
The dollar traded near its lowest levels of the year on Tuesday, on the eve of the expected the start to a U.S. easing cycle that markets are betting may begin with an outsized rate cut. The euro rallied overnight to $1.1138 and traded around there early in the Asia session, not far from the year's high against the dollar of $1.1201. Fed funds futures rallied on Monday to push the chance of a 50 basis point rate cut to 67%, against 30% a week ago. "That's because the contrast between central bank outlooks will remain starkest between the Fed and the BoJ, for the time being." The U.S. dollar index weakened 0.4% overnight to 100.7, not far from its 2024 low made last month at 100.51.
Persons: Sterling — Organizations: Macquarie, Fed, Bank of, The Bank of England, New, U.S Locations: U.S, Asia, Tokyo, Bank of Japan, New Zealand
Silver’s powerful statement fortified the NBA’s place as the “progressive” sports league and set in motion the age of athlete activism. To be fair, Washington Commanders fans will benefit if Snyder sells the team and someone less buffoonish and cruel (and incredibly shady) buys it. The NFL will also benefit if Snyder sells the team, as will the employees who alleged they have long suffered under his leadership. Heck, the world will benefit if Snyder sells the team, if just not to have to hear about him anymore. But let there be no doubt about it: If Snyder sells the team, no one on earth will benefit more than Daniel Snyder.
Dollar tests 32-year peak to yen; Aussie, kiwi rise on rate bets
  + stars: | 2022-10-18 | by ( ) www.cnbc.com   time to read: +4 min
The New Zealand dollar surged after a hotter-than-expected consumer price report boosted expectations for further policy tightening. The U.S. currency bought 148.855 yen after pushing to 149.10 late in the overnight session for the first time since August 1990. Absent the intervention by Tokyo, Kadota said the dollar should already be above 150 yen based on interest-rate differentials and other market factors. A red-hot U.S. consumer inflation report last week boosted bets for even more aggressive U.S. policy tightening, with markets currently priced for 75 basis point hikes in November and December. New Zealand's kiwi jumped 0.57% to $0.567 after a report showed consumer inflation continued to hover near three-decade highs in the third quarter.
Total: 3