monetary-policy
Top StoriesDollar Soft as China Reopening Hopes Boost Risk Sentiment
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InvestingStocks Fall as Strong U.S. Payrolls Muddies Rate Bets
BankingGlobal Central Banks Extend Rate Hike Push in November
Dollar Steadies Near 16-week Low, Yuan Set for Biggest Weekly Gain Since 2005
Date: December 2, 2022
By Samuel Indyk LONDON (Reuters) – The dollar was pinned near 16-week lows against a basket of major currencies on Friday ahead of key U.S. labour market data, while the yuan was set for its biggest weekly gain since China revalued its currency in 2005. The dollar index, which measures the currency against six major...
Wall Street Takes a Breath After Powell Rally While Dollar Falls
Date: December 2, 2022
By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) – Wall Street equities made little progress in Thursday’s choppy session as investors digested economic data after a big rally in the previous session from U.S. Federal Reserve signals that it would slow its interest rate hiking pace. The U.S. dollar index fell to its lowest...
Swiss Inflation Steady at 3.0% in November as Expected
Date: December 1, 2022
ZURICH (Reuters) – Swiss consumer price inflation held steady at 3.0% in November but still overshot the Swiss National Bank’s 0-2% target range for the 10th month in a row, data showed on Thursday. Economists had on average expected the year-on-year rate to hold steady at October’s 3.0%, off peaks at mid-year that touched a...
Dollar Falls to 3-month Low vs Yen on Powell Remarks on Fed Slowing
Date: December 1, 2022
By Kevin Buckland and Alun John TOKYO/LONDON (Reuters) – The dollar tumbled more than 1.5% to a three-month low against the yen on Thursday, after comments by Fed Chair Jerome Powell that U.S. rate hikes could be scaled back “as soon as December” though the euro failed to climb past a major resistance level. The...
Dollar Slips, While Yuan Slumps on Covid Unrest in China
Date: November 28, 2022
By Rae Wee and Harry Robertson SINGAPORE/LONDON (Reuters) – The dollar weakened on Monday as investors weighed up the recent drop in U.S. government bond yields, while anti-government protests in China sent the yuan to a two-week low. Protests have flared across China and spread to several cities in the wake of an apartment fire...
Dollar Set for Weekly Loss Amid Expectations Fed Will Slow Hikes
Date: November 25, 2022
By Rae Wee and Joice Alves SINGAPORE/LONDON (Reuters) – The U.S. dollar hovered near a three-month low on Friday and was headed for a weekly loss, as the prospect of the Federal Reserve slowing monetary policy tightening as soon as December preoccupied investors. The euro edged up after the GfK institute survey showed German consumer...