Money markets now indicate a 45% chance that Threadneedle Street will cut to 4.75% next month, down from its current level of 5%.
The pace at which prices are rising sped up in July.
-- Most Asian currencies firmed on Wednesday, while the dollar dropped after a soft U.S. producer inflation reading pushed up hopes that similar easing in consumer...
Stock markets across the US and Europe rose ahead the release of key consumer inflation data.
The Aussie dollar rallied a bit in the early hours of Tuesday but continues to see a lot of noise above. Because of this, I think the short term traders will be bullish, but longer tern I think this is a situation where we are still rangebound.
The US Dollar rallied a bit in the early hours of Tuesday, as the market has decided to test the previous uptrend line, and therefore we are in a state of flux at this point in time.
- The recent sharp appreciation of the yen, as a consequence of the unwinding of the “yen carry trade”, could be a roadblock to further hikes by the Bank of Japan,...