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INTERNATIONAL FX NEWS


Dollar catches footing ahead of Fed

Wednesday,   18-Sep-2024   08:15 (IST)

The dollar steadied on Wednesday as stronger-than-expected U.S. retail sales had traders slightly trimming bets that the U.S. easing cycle will begin with an outsized interest rate cut. The Federal Reserve is expected to make its first interest rate cut in more than four years at 1800 GMT, which will be followed by a news conference half an hour later. The dollar has fallen along with U.S. yields since July and at $1.1119 per euro is not far from the year's low at $1.1201 as traders anticipate easing at a clip, with more than 100 basis points of rate cuts priced in by Christmas. It briefly...

Sterling holds gains on eve of UK inflation data, US rate decision

Tuesday,   17-Sep-2024   03:45 (IST)

The British pound held firm against the dollar on Tuesday, maintaining Monday's gains, as traders geared up for UK inflation data, a Bank of England meeting and an expected start to a U.S. easing ...

Dollar dragged by 50 bps Fed cut wagers

Tuesday,   17-Sep-2024   03:38 (IST)

The dollar traded near its lowest levels of the year on Tuesday, on the eve of the expected start to a U.S. easing cycle that markets are betting may begin with an outsized rate cut. The euro hovered ...

Dollar pinned down by 50 bp Fed cut bets

Tuesday,   17-Sep-2024   08:50 (IST)

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 rall...

Sterling gains ahead of UK inflation data, BoE meeting this week

Monday,   16-Sep-2024   03:37 (IST)

The British pound rose against the dollar on Monday, after closing slightly in negative territory last week, ahead of this week's UK inflation data and central bank meeting. Sterling rose by 0.5% ...

Dollar weakens, yen strengthens as bets firm on aggressive Fed rate cut

Monday,   16-Sep-2024   03:35 (IST)

The dollar weakened and the yen hit its highest level in more than a year on Monday, as market participants increasingly expected an oversized rate cut by the Federal Reserve later this week. The doll...

Yen furthers gains as bets firm on an aggressive Fed rate cut

Monday,   16-Sep-2024   01:05 (IST)

The yen hit its highest levels in more than a year on Monday in trading thinned by a holiday in Japan, as market participants increasingly expected an oversized rate cut by the Federal Reserve later t...

Sterling slightly up ahead of UK inflation data, BoE meeting next week

Friday,   13-Sep-2024   04:05 (IST)

The British pound gained slightly on Friday, adding to Thursday's rise off a three-week low against the dollar, as the focus shifted to next week's UK inflation data and central bank meeting. ...

Dollar hits nine-month low versus yen as Fed debate reignites

Friday,   13-Sep-2024   03:38 (IST)

The dollar fell to its lowest level this year against the Japanese yen on Friday after media reports reignited the debate about an outsized Federal Reserve rate cut next week. The U.S. currency fell m...

China's yuan inches higher as Xi's call fuels stimulus hopes

Friday,   13-Sep-2024   10:18 (IST)

China's yuan inched higher against a weakening U.S. dollar on Friday as President Xi Jinping's call to step up efforts to hit Beijing's annual economic growth target heightened expectation...

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