Now the question is Will the Federal Reserve follow with a full 1% rise of their own? According to today’s red hot inflation report, U.S. rate hikes need to get bigger and bolder.
The global tightening cycle continues in the next 24 hours with 2 central banks prepared to raise interest rates. In the Asia session, the Reserve
Daily FX Market Roundup 06.15.2022 By Kathy Lien, Managing Editor By raising interest rates 75bp to 1.75% at their June monetary policy meeting, the Federal
Expectations for a 75bp hike soared to 96% according to the CME’s Fed Watch tool.
The Federal Reserve’s aggressive plans for tightening this year is the main reason for robust dollar demand but the prospect of Quantitative Tightening, which is the opposite of quantitative easing caused investors to shrug off mixed data and step up their purchases this month.
The global tightening cycle is in full swing with half point interest rate hikes from the Bank of Canada and Reserve Bank of New Zealand.
Investors continued to buy U.S. dollars, driving the greenback to its strongest level against the Japanese Yen in more than 6 years.
Fed gears up to raise rates for the first time since 2018. How to trade it. the stage for FOMC.
The euro staged a dramatic intraday reversal today on the back of the European Central Bank’s monetary policy announcement.
By Kathy Lien, Managing Editor Oil prices soared above $100 a barrel driving equities and currencies sharply lower. Euro and sterling were hit the hardest
The first week of March will be another busy one for investors. Russia’s invasion of Ukraine continues to rock the financial markets with currencies and
The U.S. dollar traded lower against all of the major currencies on Wednesday despite hawkish FOMC minutes and good U.S. data.