Dollar Subdued On Hopes Fed Will Slow The Pace Of Rate Hikes

RTTNews | il y a 849
Dollar Subdued On Hopes Fed Will Slow The Pace Of Rate Hikes

(RTTNews) - After exhibiting weakness in the Asian session and during much of the European session, the U.S. dollar climbed higher on Monday but struggled to hold gains amid rising expectations the Fed will slow the pace of interest rate hikes.

Amid a lack of economic data, the dollar's movements were quite sluggish. Reports on durable goods orders, fourth quarter GDP, new home sales and personal income and spending are due over the course of this week.

Fed Governor Christopher Waller said on Friday that he supported a quarter percentage point rate hike at the February meeting as inflation and wages continued to moderate.

Philadelphia Fed President Patrick Harker also said Friday he expects 25-basis point rate increases to be appropriate going forward.

The dollar index, which was down at 101.59 in the Asian session, climbed to a high of 102.28 in the New York session but dropped down to 102.04 as the day progressed.

Against the Euro, the dollar is weak at 1.0871, down from the previous close of 1.0857.

The dollar is up against Pound Sterling at 1.2378, gaining from 1.2394.

Against the Japanese currency, the dollar is stronger at 130.68 yen, nearly 1% up from the previous close.

The dollar has weakened to 0.7028 against the Aussie from 0.7969. Against Swiss franc, the dollar is up marginally, fetching CHF 0.9218 a unit. The Loonie is up slightly against the dollar at C$1.3369.

read more
U.S. Weekly Jobless Claims Unexpectedly Edge Down To 227,000

U.S. Weekly Jobless Claims Unexpectedly Edge Down To 227,000

A report released by the Labor Department on Thursday unexpectedly showed a slight decline by first-time claims for U.S. unemployment benefits in the week ended May 17th. The Labor Department said initial jobless claims edged down to 227,000, a decrease of 2,000 from the previous week's unrevised level of 229,000. The dip surprised economists, who had expected jobless claims to inch up to 230,000.
RTTNews | il y a 45 minutes
Euro Weakens After German Composite PMI Falls

Euro Weakens After German Composite PMI Falls

The euro weakened against other major currencies in the European session on Thursday, following the release of Germany's composite output index for May.
RTTNews | il y a 1h 57min
Bay Street Likely To Open On Weak Note

Bay Street Likely To Open On Weak Note

It's likely to be a weak start for stocks on Bay Street Thursday morning as investors may tread cautiously amid concerns about U.S. fiscal deficit, and continued uncertainty surrounding Trump administration's tariff moves. Weak crude oil and metal prices are likely to hurt as well.
RTTNews | il y a 2h 3min
FTSE 100 Notably Lower; Johnson Matthey Soars 32%

FTSE 100 Notably Lower; Johnson Matthey Soars 32%

U.K. stocks are down in negative territory on Thursday afternoon, in line with other major markets in Europe, as worries about U.S. fiscal deficit and rising bond yields weigh on equities. Investors, digesting the nation's economic data, are also awaiting more clarity on U.S. President Donald Trump's tariff plans.
RTTNews | il y a 2h 28min
Eurozone Private Sector Shrinks For First Time In 5 Months

Eurozone Private Sector Shrinks For First Time In 5 Months

The euro area private sector logged a renewed fall in May due to a sharp downturn in services activity, flash purchasing managers' survey compiled by S&P Global showed on Thursday. The flash composite output index fell to 49.5 in May from 50.4 in April. The score fell below the 50.0 no-change mark for the first time in five months.
RTTNews | il y a 2h 40min
Euro Falls Against Majors

Euro Falls Against Majors

The euro weakened against other major currencies in the Asian session on Thursday.
RTTNews | il y a 2h 47min
CAC 40 Down Nearly 1% On Growth Concerns

CAC 40 Down Nearly 1% On Growth Concerns

French stocks are drifting lower on Thursday amid rising concerns over a deteriorating U.S. fiscal outlook, a lack of clarity on tariff negotiations. Data showing a notable drop in France's manufacturing sentiment index is also weighing on stocks.
RTTNews | il y a 3h 7min