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...Equities in Hong Kong and South Korea led gains in Asia after US Federal Reserve officials maintained expectations for three quarter-point interest rate cuts in 2024....
...Economic data: Japan releases inflation data for March and the Reserve Bank of India publishes its monetary policy meeting minutes....
...On Thursday the currency reversed some of its losses from earlier in the week, after strong economic data from the US reduced expectations of imminent interest rate cuts from the Federal Reserve....
...Central banks take centre stage this week, Benjamin Netanyahu defies western allies over his strategy in Gaza, and the US National Labor Relations Board is facing challenges from some major companies....
...Traders have built up bets that the Federal Reserve could raise interest rates again, a once-unthinkable prospect that highlights a shift in market expectations after stronger than expected US economic data...
...Stronger than expected US employment data released on Friday has reduced the likelihood of imminent rate cuts from the Federal Reserve, strengthening the dollar....
...The dollar strengthened against all major Asian currencies as traders price in fewer expected rate cuts from the Federal Reserve this year....
..., a likely reference to the US Federal Reserve maintaining forecasts for interest rate cuts this year on Wednesday....
...Federal Reserve officials have indicated they still expect to cut interest rates by three-quarters of a percentage point this year, sending US equity markets to record highs....
...Jay Powell said the Federal Reserve’s job of bringing down inflation was “not yet done” and the US central bank needed “greater confidence” that price pressures were easing before cutting interest rates,...
...US inflation unexpectedly increased to 3.2 per cent last month, highlighting the challenge faced by the Federal Reserve in the “last mile” of its fight against rising prices....
...In the wake of three of the largest bank failures in US history a year ago, the US Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency are all pushing...
...The Reserve Bank of Australia’s preferred measure, the trimmed mean, came in at 4 per cent, also beating a Reuters forecast of 3.8 per cent....
...Federal Reserve chair Jay Powell has said he still expects inflation to fall towards the US central bank’s 2 per cent goal, as new data highlighted the bumpy road ahead for officials as they debate when...
...All major Asian currencies registered losses against the dollar as currency traders take into account fewer expected Federal Reserve interest rate cuts this year....
...William Sandlund...
...The comments were an indication of their concern at the scale of the dollar’s gains against Asian currencies after US inflation data led markets to scale back expectations of Federal Reserve rate cuts this...
...The head of the New York Federal Reserve said he still expects inflation to drift towards the US central bank’s 2 per cent goal, despite some bumpy recent readings....
...US retail sales data was stronger than expected, making interest rate cuts from the Federal Reserve less likely and leading to the US dollar strengthening against Asian currencies....
...On Wednesday the People’s Bank of China said it would lower the reserve requirement ratio, meaning banks will need to hold less money as reserves....
...The currency weakened to as low as ¥154.42 per dollar on Monday afternoon in New York, as traders scaled back bets on rapid interest rate cuts from the US Federal Reserve following strong retails sales data...
...Central banks need to constantly assess whether the monetary policy they set is expansionary or contractionary in the short term....
...Analysts have upgraded their forecasts for the US economy this year, bolstering hopes of a soft landing and bets that the Federal Reserve will delay interest rate cuts until the summer....
...Japanese stocks followed US markets higher after weaker-than-expected economic data in the world’s largest economy sparked hopes that the Federal Reserve would cut interest rates....
...Japan’s yen continued to strengthen against the dollar, rising 0.2 per cent to ¥147.34 as traders price in the Bank of Japan raising interest rates as the US Federal Reserve cuts them....
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