Currencies

Fed expected to hold rates steady, project fewer cuts in 2024

The Federal Reserve is expected to leave interest rates unchanged on Wednesday, with new economic projections from the U.S. central bank's policymakers likely to show fewer rate cuts this year and...

Currencies: $ still on the rise 24 hours ahead of the FOMC meeting

The dollar is emerging as the big winner from the 'complicated' political situation unfolding in France : the greenback began a sharp rally on Friday after the 'NFP' and what could have been a flash...

Currency: The Euro isn't penalized by rate cuts, but by European elections

While the European Central Bank has lowered its main key rates, the euro will have to wait for the outcome of the European Parliament elections to take its toll.

Funds cool on dollar, cut longs to lowest since March: McGeever

Hedge funds and speculators continue to temper their optimism on the U.S. dollar, and are now holding the smallest net long position in the currency since March. The question now is...

Demise of dollar's FX reserve omnipotence greatly exaggerated: McGeever

ORLANDO, Florida -After two decades of the dollar's share of global foreign exchange reserves gradually eroding to less than 60%, economic, financial and geopolitical stars are aligning to halt that...

Canadian dollar outlook dims on expected interest rate divergence

The Canadian dollar is set to strengthen less than previously expected over the coming year if the Bank of Canada begins cutting interest rates ahead of the Federal Reserve and the U.S. election...

US dollar to weaken, but Fed rate cuts are required, say strategists

The dollar's relentless strength in the recent past will make way for minor weakness over the next 12 months, according to FX strategists in a Reuters poll, who generally agreed the dollar was...

Dax plummets - economic worries and interest rate uncertainty weigh down

Economic concerns and uncertainty about the interest rate course of the major central banks have sent investors on the German stock market fleeing. The Dax lost 1.3 percent to 18,374...

MORNING BID EUROPE-Dazed dollar set for more macro jolts?

A look at the day ahead in European and global markets from Kevin Buckland The once invincible dollar was still reeling on Tuesday after more macro evidence that the U.S....

Currencies: New opportunity for the euro against Nordic currencies

Let's put aside the endless and recurring questions about the timing of the first rate cuts to focus on a technical situation which we find interesting. The euro is back on technical support against...

Dax makes up ground - investors hope for ECB interest rate cut

In anticipation of interest rate cuts on both sides of the Atlantic and encouraged by renewed share price gains by US technology companies, investors have returned to the European stock markets. ...

Investors bet on ECB interest rate cut - Dax rises

Investors on the German stock market started the new week with confidence. The leading German index rose by one percent at times on Monday to 18,689 points. The EuroStoxx50 gained 0.7...

Dax finds it difficult to get going on Corpus Christi

The fear of persistently high interest rates in the USA is dampening the buying mood of Dax investors. On Corpus Christi, the leading German index lost 0.1 percent to 18,463 points....

Investors cautious after Ifo index - Dax up slightly

A surprisingly stagnant Ifo economic index has made investors on Europe's stock markets cautious at the start of the week. The Dax and the EuroStoxx50 held on to their narrow gains on...

Doubts about imminent US interest rate turnaround push Dax into the red

The prospect of persistently high interest rates in the USA for the time being is increasingly causing a negative mood among Dax investors. At its peak on Friday, the Dax lost 0.9...

Hedge funds play a weak Japanese yen

Pressure on Japan to prop up a weak yen may have ebbed, but currency weakness remains a headache for Tokyo. The yen is down 9.4% against the dollar so far this year, and looks set for a...

Flood of figures puts investors in a buying mood - US inflation ahead

Strong company balance sheets are putting Europe's equity investors back in a record mood. The Dax rose by a peak of 0.6 percent to 18,830 points on Wednesday morning. This was only...

Currencies : Can the Australian dollar continue his bullish path?

The Australian dollar has soared, particularly against the major commodity currencies, even if the RBA has not adopted the hawkish stance that some traders were hoping for. Nonetheless, the Australian...

MORNING BID EUROPE-Back on the rate cut track

A look at the day ahead in European and global markets from Rae Wee European markets will be waking up to a fairly quiet session with London closed for a holiday and...