The US dollar index hit 14-month lows on Wednesday near 100.20. The Fed is expected to cut 25-bps rates in November and December, so market participants may price in the impact of future cuts.
A deep dive into what's moving markets and happening across the global economy.
- The Federal Reserve has started its easing cycle with a 50 basis-point cut, while the Bank of England is seen as on a more gradual easing path. This divergence...
- The news of additional Chinese stimulus proved a clear fillip for risky assets, noted UBS, and has provided an additional reason to maintain a long position in the...
The OECD described the UK’s economic growth as robust.
China just unveiled a stimulus package to pull itself out of its economic doldrums. But there could be consequences that ripple across the globe.
- The U.S. dollar weakened Wednesday, adding to the previous session’s losses, with the euro benefiting despite signs of economic weakness in the eurozone. At 04:00...
-- Most Asian currencies rose slightly on Wednesday as persistent bets on interest rate cuts dented the dollar, while the Chinese yuan hit a 16-month high on optimism...
US stocks were almost flat following fresh stimulus news from China and rate signals from Federal Reserve officials.
- Citigroup has doubled down on its bearish EUR/USD stance, citing the recent disappointing European economic activity data. Data released earlier this week showed...