Subdued FX Volatility in August Is Unusual: BofA Analysts
Markets anticipate a Federal Reserve rate cut due to soft U.S. economic data and fiscal concerns, with an 80% probability of a quarter-point reduction in September, analysts say.
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8 Articles
Imminent US interest rate cut likely to boost Thai stocks
Foreign capital is expected to flow into the Stock Exchange of Thailand (SET) as the US Federal Reserve (Fed) signalled an interest rate cut in September, although short-term domestic political uncertainties could limit the upside, analysts say.
Indian rupee opens 13 paise higher at 87.39 against the dollar, tracking Powell's comments
The Dollar index eased after the US Fed chair left the door open on future interest rate cuts, while adding that there are risks of both rising unemployment and stubbornly higher inflation.
Dollar Weakness Lingers as Markets Bet on September Rate Cut
The U.S. dollar edged higher in early Asian trading on Monday, attempting to recover from a four-week low against the euro after Federal Reserve Chair Jerome Powell signaled a potential pivot toward rate cuts. The greenback gained 0.2% to $1.1699 per euro, though it remained near Friday’s trough of $1.1742, its weakest level since late July. Against sterling, the dollar added 0.1% to $1.3502 following a 0.8% slide in the previous session, while …
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- 40% of the sources are Center, 40% of the sources lean Right
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