Daily Economic Reports

money markets expect the ECB to raise rates by 75 bps – the main lending rate from 0.50% to 1.25% and the deposit rate from 0% to 0.75%. In such a scenario – which is the most likely one – the focus will swiftly shift to the next factors. If …

The Bank of Canada is widely expected to decide one more big interest hike on Wednesday in its endeavour to fight inflation which is currently near forty year high and closer to the 2% target.All 31 economists surveyed by Bloomberg expect policy makers led by Governor Tiff Macklem to raise …

The Japanese yen, sensitive to interest rate moves, continued to decline on Tuesday, breaking the 142 barrier against the dollar, while the pound and the euro tried to recover from multi-year lows against the dollar the day before, but the euro failed to do so. The dollar rose 1.07 percent …

The dollar held a breath on Tuesday after a sharp rally. Still, it hit a 24-year high against the interest rate-sensitive Japanese yen, as US monetary policy tightens and the gap with low-interest rates in Japan widens. The yen plunged to 140.97 per dollar, its lowest level since 1998, and …

Iran’s minister of petroleum Javad Owji said the world needed more Iranian oil, and that his country was ready to play a role in providing it away from politics, the Iranian oil ministry’s news agency SHANA reported on Monday.On Monday also, Iran’s foreign minister held a phone call with his …

Under pressure from central bankers determined to quash inflation even at the cost of economic slowdown or even recession, global bonds fell into their first bear market in decades.The Bloomberg Global Aggregate Total Return Index has fallen more than 20% from its peak that was recorded in 2021. Officials from …

The dollar is set to post a third straight week of gains, approaching a 20-year high against other major currencies, with investors focused on US jobs data to be released later on Friday which could reinforce the trend of big interest rate hikes. The US currency has been rising since …

This Friday’s NFP report for August comes one week after remarks by Fed’s Jerome Powell, in his speech before Jackson Hole symposium, opening the door for important questions, including but not limited to: how much the jobs data will convince Fed’s policymakers of a certain QT course.NFP data has usually …

The dollar rose broadly on Thursday, September 1st, especially against the yen, as investors geared up to get higher interest rates in the US, while not expecting Japanese rates to move. The dollar hit a 24-year high of 139.69 against the yen in early Asian trade, up 0.5% from yesterday’s …

As August comes to an end, and markets get prepared for September, historically the worst month for some financial assets, the US dollar is under some pressure at month end and ahead of the critical US Non Farm Payrolls data, but globally speaking, the focus is still on the expectations …