-
Asian currencies dip, stocks mixed ahead of Fed chair’s testimony
Most Asian currencies edged lower on Tuesday while regional stocks were mixed as global markets awaited comments from the head of the US central bank to assess prospects of a rate cut in September. Fed Chair Jerome Powell will appear before Congress later in the day, with investors hoping for dovish comments that will cement their bets that it will start to lower borrowing costs in a few months, giving a fresh leg up to riskier assets and economies. Despite a softer US dollar, the Indonesian rupiah was down as much as 0.4% after four consecutive sessions of gains, while the Taiwanese dollar lost 0.2%. The Thai baht ... (full story)
- Comments
- Subscribe
- #1
- Quote
- Jul 9, 2024 8:38am Jul 9, 2024 8:38am
-
cnhhhh - | Joined Aug 2011 | Status: Hunter | 51 Comments
- #2
- Quote
- Jul 9, 2024 10:13am Jul 9, 2024 10:13am
- ffghost
- | Joined Mar 2024 | Status: Trader | 428 Comments
-
- Older Stories
From fitchratings.com|Jul 9, 2024|1 commentThe 2024 global outlook for credit has improved since Fitch’s previous outlook review published at the end of 2023, says Fitch Ratings. Positive US macroeconomic data in 1Q24, ...
From @financialjuice|Jul 9, 2024post: BOJ: RECEIVED VARIOUS VIEWS FROM PARTICIPANTS IN SURVEY INCLUDING IDEA TO REDUCE MONTHLY BUYING TO AROUND 2-3 TRLN YEN, OR TO KEEP BUYING AROUND 4 TRLN YEN. post: BOJ: OPINIONS FROM BOND MARKET PARTICIPANTS ON PACE OF TAPERING INCLUDED IDEA TO TAPER AT SET PACE SWIFTLY, OR TAPER SWIFTLY AT SET PACE THEN TAPER MODERATELY IN SEVERAL STAGES, OR REDUCE BUYING GRADUALLY OVER 2 YEARS.
From forex24.pro|Jul 9, 2024The USD/CHF currency pair continues to move as part of the development of the correction and the formation of the bearish “Wolfe Wave” pattern. At the time of publication of the ...
-
- Newer Stories
From blob.core.windows.net|Jul 9, 2024The Optimism Index rose 1 point in June to 91.5, the highest reading of this year. The last time it was higher was December 2023 when it reached 91.9. However, this is the 30th ...
From finance.yahoo.com|Jul 9, 2024The U.S. Federal Reserve is considering a rule change that could save the country's eight largest banks combined billions of dollars in capital, in a potential long-sought win for ...
From xm.com|Jul 9, 2024GBPUSD has been slowly gaining ground following its bounce off the 50-day simple moving average (SMA) in late June. Moreover, the pair has entered a range that has previously ...
- Story Stats
- Posted: Jul 9, 2024 5:09am
- Submitted by:Category: Fundamental AnalysisComments: 2 / Views: 2,679
- Linked event:
