EBC Daily Snapshot Sep 25, 2024

The dollar weakened as China's stimulus lifted risk appetite and expectations grew for a significant US rate cut in November.

EBC Financial Group
Typ: STP, ECN
Vorschrift: FCA (UK), ASIC (Australia), CIMA (Cayman Islands)
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The dollar roller coaster ride

The dollar roller coaster ride

•The acceleration of foreign economies will weaken the US dollar. •The USD index may fall another 13.5%. •GBP is pressured by political uncertainty. •Verbal interventions are not helping the yen.
FxPro | vor 22Std 6 Minuten
Yen intervention risk rises, US jobs concerns intensify

Yen intervention risk rises, US jobs concerns intensify

Japan’s Katayama highlights negative impact of weak yen - US labor market concerns increase chance of December Fed cut - Soft UK jobs report takes BoE rate cut probability higher - Stock futures rise; gold extends rebound despite broader optimism
XM Group | vor 22Std 39 Minuten