The US dollar was under pressure throughout the week’s bearish start, but the risk complex was able to gather itself and US rates moved marginally higher across the curve. Ahead of the crucial US CPI, FOMC Minutes, and ECB event, traders continued to evaluate the most recent payroll prints. Amidst …
Read More »US dollar tanks as investors await fresh catalysts
The US Dollar Index is trading neutrally at 104.15 on Wednesday, while markets assess several Fed officials’ statements to continue placing their bets on rate policy path at the next few Federal Open Market Committee meetings.The Dollar Index steadied around 104.15 on Wednesday. Remarks and comments by Fed’s Collins, Kashkari …
Read More »Q4 Fundamental Outlook for Japanese Yen: Bearish Start, Potential for Year-End Revival
During the third quarter, the Japanese yen faced continued losses against the U.S. dollar, driven by the differing monetary approaches of the Bank of Japan and the Federal Reserve. The Federal Reserve, aiming to restore price stability, aggressively raised borrowing costs, leading to the highest benchmark rate since 2002 and …
Read More »USD/JPY is eying 150.00 on hawkish Fed, dovish BoJ
The USD/JPY pair is moving towards 150.00, with Japanese intervention warnings looming. The central bank in Japan is still dovish, with the risk of raising rates being heavily skewed to the upside. The USD/JPY pair is up 0.27%, trading at about 149.40s. The surge is halted by threats of intervention …
Read More »Fed’s Kashkari: Inflation is still too high
Minneapolis Federal Reserve President Neel Kashkari said noted on Tuesday that he is feeling good about the progress on inflation but added that it was still too high, per Reuters.“The question is, have we done enough, or do we need to do more,” Kashkari added said that they have been …
Read More »Ahead of FOMC minutes, gold climbs above $1,850 on improved sentiment
Gold prices are receiving a push forward by the significantly positive market sentiment keeping the US Dollar offered.Investors cheered China’s planning to support the property market and the relaxation of its Covid zero-tolerance policy. A busy US economic docket keeps traders worried about the performance of the US Dollar while …
Read More »Fed’s Kashkari explains why he calls for higher rates
On Wednesday, Fed’s Neel Kashkari said he was wrong to have thought that inflation would prove “transitory” last year, and called for more rate hikes, suggesting that this will be appropriate in 2023 to continue bringing down price pressures. “While I believe it is too soon to definitively declare that …
Read More »Fed’s Kashkari: Not ready to declare a pause in rate hikes
“Until I see some compelling evidence that core inflation has at least peaked, not ready to declare a pause in rate hikes,” Minneapolis Federal Reserve Bank President Neel Kashkari. His remarks failed to get any major response from the market, may be due to the usual inactive hours of trading, …
Read More »Fed’s Kashkari: All understand Fed is serious about getting inflation back to 2%
In response to the market’s reaction to last week’s Jackson Hole, Minneapolis Federal Reserve Bank President Neel Kashkari said, on Monday, that people now understand how serious policymakers are about getting inflation back to 2%.The dollar has touched a fresh 20-year high to start the week fueled by hawkish comments …
Read More »Fed’s Kashkari: The Fed may need to be more aggressive
Federal Reserve’s Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, has crossed the wires with various comments, arguing that the fed may need to be more aggressive. In the face of a steadfastly hawkish Fed, the US dollar would be expected to remain firm so long as …
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