Tag Archives: interest rate hikes

The NZD/USD pair drops from last week’s highs around 0.6468 on risk aversion. China’s economic slowdown looming and bleak NY Fed Empire State Index underpin the US dollar.The Reserve Bank of New Zealand is expected to hike rates by 50 bps on Wednesday. The NZD/USD snaps five days of gains …

Gold Price breaches the critical 50 DMA at $1,782 despite falling yields. China data-led triggers risk-aversion, boosts the safe-haven US dollar. The Gold Index remains exposed to testing the bullish 21 DMA on a daily closing below 50 DMA.Gold Price is deep in the red during the US session, as …

August is historically the dullest month of the year for financial markets, but all five trading days (August 8-12) witnessed important market news and economic data that had a significant impact on almost all assets. The influence of the week’s economic data could continue into the future. The CPI report …

US data revealed, Friday morning, lifted the USD/CAD above its 100-DMA when the University of Michigan showed that the US Consumer Sentiment improved from 52.5 as estimated to 55.1, reaching a three-month high. That is very good news for the Federal Reserve policymakers; however, US inflation expectations for a 5-year …

Richmond Fed President Thomas Barkin said on Friday that there is more to come to get rates into the restrictive territory and noted that he would like to see PCE inflation running at target for some time, as reported by Reuters.The dollar continues to outperform its rivals after these comments …

The dollar rose in early trade in London on Friday as hawkish comments from Federal Reserve officials weighed against the notion that US inflation data this week could prompt the US central bank to slow down policy tightening. US inflation data came in less than expected, which led to support …

The Reserve Bank of New Zealand is expected to stick to its hawkish stance and go on with a fourth straight half-point rate hike, in August, continuing its most aggressive tightening in over two decades in an attempt to control the country’s stubbornly-high inflation,” as per the latest Reuters poll …

Futures point to Wall Street gains following Wednesday’s rally and US Stocks jumped for a second day Thursday as investors cheered another better-than-expected inflation report.The Dow Jones Industrial Average rose 182 points, or nearly 0.5%. The S&P 500 added 0.5%, and the Nasdaq Composite rose 0.2%.Investor sentiment got a boost …

The dollar recorded further losses against other major currencies on Thursday after traders reduced their bets that the Federal Reserve (the US central bank) would raise interest rates aggressively after US inflation data that came the previous day was weaker than expected. And the dollar index, which measures the performance …

The dollar index was down 1.025% at 105.26 at 3:15 p.m. The US dollar broadly fell on Wednesday following a cooler than expected US inflation reading for July that raised expectations of a less aggressive interest rate hike cycle than previously anticipated from the American central bank. US consumer prices …