Dollar Climbs Higher On Interest Rate Bets

RTTNews | 597 दिनों पहले
Dollar Climbs Higher On Interest Rate Bets

(RTTNews) - The U.S. dollar advanced against its major counterparts on Monday amid bets the Federal Reserve will keep interest rates higher for longer, and on concerns about the property market in China.

The dollar gained on safe-haven demand as China Evergrande Group, the world's most indebted property developer, said it was unable to issue new debt due to an ongoing investigation into its main domestic subsidiary, Hengda Real Estate Group Co.

Traders looked ahead to key U.S. inflation data due on Friday to help shape the Fed's policy outlook.

CME Group's Fed Watch Tool is currently indicating a 78.9% chance the Fed will leave interest rates unchanged at its next meeting in late October/early November and just a 21.1% chance of a quarter point rate hike.

Meanwhile, the Fed Watch Tool is indicating a 61% chance the Fed will leave rates unchanged at its December meeting and a 34.2% chance the central bank will raise rates by a quarter point.

The dollar index surged to 106.10 around mid morning, and despite easing to 105.95, remains well above the flat line, gaining about 0.35%.

Against the Euro, the dollar has firmed to 1.0594 from 1.0646. The dollar is up against Pound Sterling at 1.2212, gaining from 1.2241.

Against the Japanese currency, the dollar is stronger at 148.83 yen, rising from 148.25 yen. The dollar is up against the Aussie at 0.6425. Against Swiss franc, the dollar has strengthened to CHF 0.9122, while against the Loonie, it is weak at C$1.3456.

read more
E.ON Confirms Outlook After Higher Q1 Adj. Earnings

E.ON Confirms Outlook After Higher Q1 Adj. Earnings

German utility E.ON SE reported Wednesday a significant increase in its first-quarter adjusted earnings and Group EBITDA with growth in all three core segments. Further, the firm affirmed its guidance for 2025 and its outlook through 2028. On the XETRA in Germany, E.ON shares were gaining around 1.36 percent.
RTTNews | 5घंटे 46 मिनट पहले
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the European session on Wednesday.
RTTNews | 8घंटे 9 मिनट पहले
FTSE 100 Flat As Stocks Move In Tight Range

FTSE 100 Flat As Stocks Move In Tight Range

U.K. stocks are mostly subdued in lackluster trade on Wednesday as investors react to a mixed batch of earnings announcements, and await more economic data from the U.S., and clarity about Trump administration's stance on tariffs with regard to European countries.
RTTNews | 8घंटे 44 मिनट पहले
CAC 40 Down 0.66%; Bouygues Rises Sharply On Earnings

CAC 40 Down 0.66%; Bouygues Rises Sharply On Earnings

French stocks are exhibiting weakness on Wednesday, snapping a four-session winning streak, as investors focus on earnings and other corporate news, and await more economic data for directional clues. Some profit taking is also contributing to market's weakness.
RTTNews | 9घंटे 5 मिनट पहले
Sensex, Nifty End Choppy Session Modestly Higher

Sensex, Nifty End Choppy Session Modestly Higher

Indian shares ended modestly higher on Wednesday as signs of easing retail inflation sparked hopes for more rate cuts from the Reserve Bank of India in coming months.
RTTNews | 9घंटे 10 मिनट पहले
European Shares Drift Lower In Lackluster Trade

European Shares Drift Lower In Lackluster Trade

European stocks were slightly lower in cautious trade on Wednesday while the dollar extended losses as benign U.S. inflation data prompted traders to pare back Fed rate cut bets for this year.
RTTNews | 10घंटे 20 मिनट पहले