Forex Today: Dollar stabilizes, commodities slide, and central banks hike – by MSalordFX DollarIndex Currencies Majors
fell in May to -0.15 from 0.14. Existing Home Sales rose to 4.3 million , surpassing expectations and offering another strong number from the housing sector. On Friday, the US S&P Global PMI are due. Fed speakers include Bullard, Mester and Bostic. rose marginally but enough to end a three-day negative streak to close near 102.50, after hitting weekly lows under 102.00. The US 10-year Treasury bond yield rose and settled at 3.79%, near the weekly range top. The 2-year yield closed at 4.
The Bank of England raised interest rates by 50 basis points in a 7-2 vote. Despite the larger-than-consensus hike, the Pound weakened. The announcement points to more tightenight ahead. The slide of thereflects concerns about the economic outlook and the potential impact of rate hikes on activity. More economic data is due from the UK on Friday, including May Retail Sales and the June S&P Global PMI. GBP/USD finished lower below 1.2750 on a volatile session.
is due on Friday, before the Jibun Bank PMI. The inflation figures are crucial for expectations about when the Bank of Japan could abandon its ultra-accommodative monetary policy. The annual rate is expected to rise from 3.5% to 4.1%. finished modestly higher, around the 0.8950 area. The pair continues to move sideways with a bearish bias. The Swiss National Bank raised its key interest rate by 25 basis points to 1.75%, as expected.dropped and posted the lowest close in a week around 0.6750.
The Central Bank of the Republic of Turkey raised interest rates from 8.5% to 15%. The Norges Bank hiked its policy rate by 50 bps to 3.75%. The Bank of Mexico kept interest rates unchanged at 11.25% as expected. Bank Indonesia kept the repo policy rate unchanged as expected at 5.75%.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Forex Today: US Dollar weakens despite Powell; BoE in focus after UK CPIDuring the Asian session, New Zealand will report trade data and Credit Card Spending. The focus later will be on the Bank of England decision. The ce
Les mer »
Forex Today: BOE and SNB rate decisions, mid-tier US data to ramp up volatilityForex Today: BOE and SNB rate decisions, mid-tier US data to ramp up volatility – by eren_fxstreet Majors Currencies Macroeconomics Commodities BOE
Les mer »
Forex Today: Expecting Rate Hikes from Bank of England and S0.25% Hikes Expected in UK and Switzerland; Powell Hawkish Before House, but Dollar Falls, Yen Weak; UK Inflation Remained High; Bitcoin Makes Strong Gains
Les mer »
GBP/USD Forex Signal: British Inflation in FocusMy previous GBP/USD signal on 12th June was not triggered as there was no bullish price action when any of the key support levels were reached that day.
Les mer »
EUR/USD Forex Signal: Extremely Bullish Above the ResistanceThe EUR/USD rate was in a consolidation phase on Wednesday morning ahead of the upcoming testimony by Jerome Powell, the Federal Reserve Chair.
Les mer »
EUR/USD Forex Signal: Approaching Long-Term High Above $1.10My previous EUR/USD signal on 13th June was not triggered, as there was no bearish price action when the price first reached the resistance level identified at
Les mer »