The 10-year US Treasury yields ended Monday’s trading in a bullish direction, based on the rising US dollar, which is benefiting from rising interest rate expectations at the Fed’s policy meeting this week.US Treasury yields for ten years have surged to 3.875%, compared to the previous daily close of 3.841%. …
Read More »Market Drivers – US Session – 16/06/2023
After a volatile week that included many top monetary policy events including the Fed and the ECB meetings, as well as the US CPI data, next week will see interest rate decisions from the Bank of England and the Swiss National Bank. Key Data Market participants’ sentiment is mixed, as …
Read More »Gold Higher as US Debt Ceiling Talks, Fed’s Stance in Focus
Gold prices rise as traders await clarity on U.S. debt ceiling negotiations and Federal Reserve’s interest rate strategy. Gold prices influenced by US debt ceiling negotiations, Federal Reserve’s interest rate pathGold is seen as a safe-haven investment amid concerns over the debt ceiling. The impact of US default on gold …
Read More »Bullard: 5%-5.25% Minimum level for Fed policy rate
St. Louis Federal Reserve President James Bullard said on Thursday that a minimum level for a restrictive Federal Reserve (Fed) policy rate would be 5% to 5.25%, as reported by Reuters.The US Dollar Index edged slightly lower in the last hour but it was still up 0.6% at 106.90 at …
Read More »SNB hikes interest rates by 75 basis points
The Swiss Central Bank raised interest rates Thursday, September 22, by 75 basis points for the second time in a row during the third quarter of 2022, to levels of 0.5% from -0.25%. The rise came by 75 basis points to -0.25% on June 16, which was the first rate …
Read More »Swiss inflation rises to a 29-year high of 3.4%
Swiss inflation touched a 29-year high of 3.4% in June, more than economists had expected, and for the first time in Switzerland inflation exceeded 3% since 2008. This reading fueled talk that the central bank may tighten its policy again soon after raising its policy rate last month for the …
Read More »Swiss National Bank Chairman: Inflation Surge Temporary
The Swiss National Bank sees the current increase in inflation as a temporary phenomenon, Chairman Thomas Jordan said on Tuesday, although the central bank would keep a close eye on the situation.Central banks including the US Federal Reserve and the Bank of England have started raising interest rates to fight …
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