News
Important Only
Australian Dollar loses ground following Westpac Consumer Confidence data
The Australian Dollar (AUD) loses ground against the US Dollar (USD) on Tuesday, retracing its recent gains from the previous session. The AUD/USD pair depreciates following the release of October's Westpac Consumer Confidence and September’s ANZ Job Advertisements.
Fxstreet
Tue, Oct 7
Fed's Schmid says rates are 'appropriately calibrated'
Schmid's remarks align him with policy hawks at divided FedInflation remains high, with services inflation at 3.5%, he saysSchmid says Fed must maintain inflation credibilityBy Ann Saphir Oct 6 (Reuters) - Kansas City Federal Reserve Bank President Jeff Schmid on Monday signaled he is disincl...Reuters
Mon, Oct 6
Fed's Schmid says labor market is paused on tariff, AI uncertainty
Oct 6 (Reuters) - Kansas City Federal Reserve Bank President Jeff Schmid said on Monday he believes businesses are delaying hiring to protect their profits during the current period of uncertainty around tariffs, and also because they need to weigh how artificial intelligence may change their need f...Reuters
Mon, Oct 6
Fed Schmid: The Fed must maintain inflation credibility
The President of the Kansas City Federal Reserve Bank Jeffrey Schmid crossed the newswires on October 6. He delivered hawkish remarks, saying that the Fed must maintain its inflation credibility and stressed that inflation is too high. He added that monetary policy is appropriately calibrated.Fxstreet
Mon, Oct 6
Japan's 30-year bond auction provides early test of 'Takaichi trade'
30-year JGB yield hits record high post-Takaichi's election winTakaichi's policies seen as expansionist, echoing AbenomicsWeak demand at auctions led to reduced issuance of long-term bondsBy Rocky Swift and Junko Fujita TOKYO, Oct 7 (Reuters) - An auction of 30-year Japanese debt on Tuesd...Reuters
Mon, Oct 6
Fed's Schmid says rates are 'appropriately calibrated'
Schmid supported September rate cut as risk managementInflation remains high, with services inflation at 3.5%, he saysSchmid says Fed must maintain inflation credibilityOct 6 (Reuters) - Kansas City Federal Reserve Bank President Jeff Schmid on Monday signaled he is disinclined to cut interest rates...Reuters
Mon, Oct 6
TREASURIES-US yields edge higher on sixth day of government shutdown
Group of Fed speakers to get extra scrutiny amid data absenceUpcoming auctions and consumer sentiment dataPrivate data suggest labor market not quickly deteriorating, Shipley says WASHINGTON, Oct 6 (Reuters) - Benchmark U.S. yields were hanging on to slender gains heading into Monday's close ...Reuters
Mon, Oct 6
Fed hawks and doves: What US central bankers are saying
By Ann Saphir Oct 6 (Reuters) - The Federal Reserve cut the U.S. policy rate by a quarter-of-a-percentage point at its September 16-17 meeting and signaled some further gradual cuts ahead to support the labor market, despite still-elevated inflation.Stephen Miran, the Fed Board’s newest member an...Reuters
Mon, Oct 6
ECB's Lagarde declares disinflation process over, floats Euro as global currency candidate
European Central Bank (ECB) President Christine Lagarde confidently declared the ECB has achieved its disinflation targets while testifying before the European Parliament's Economic and Monetary Affairs Committee.
Fxstreet
Mon, Oct 6
US unemployment claims rise moderately amid labor market freeze
Unemployment claims increase slightly, layoffs remain lowShutdown halts official data, states continue jobless claims data collectionFed may advance rate cut due to incomplete data, economist saysBy Lucia Mutikani WASHINGTON, Oct 6 (Reuters) - The number of Americans filing new applications for u...Reuters
Mon, Oct 6
US holiday online sales growth to slow on economic uncertainty, Adobe Analytics projects
Cyber Monday expected to be biggest online shopping dayMobile shopping to drive 56.1% of online spendingIncrease of $2 billion projected in "buy now pay later" spendingAdobe predicts $9 billion spending over two days of October 7-8 By Arriana McLymore and Neil J Kanatt Oct 6 (Reuters) - U...Reuters
Mon, Oct 6
TREASURIES-US yields drift higher as shutdown enters day six
Group of Fed speakers to get extra scrutiny amid data absenceUpcoming auctions and consumer sentiment dataPrivate data suggest labor market is not quickly deteriorating, Shipley says WASHINGTON, Oct 6 (Reuters) - Benchmark U.S. yields drifted higher on Monday morning as the federal government shu...Reuters
Mon, Oct 6
US weekly jobless claims rose moderately during last week of September - Haver Analytics
WASHINGTON, Oct 6 (Reuters) - The number of Americans filing new applications for unemployment benefits increased marginally during the last week of September, data from Haver Analytics showed, pointing to a still low level of layoffs even as hiring has stalled.Initial claims for state unemployment ...Reuters
Mon, Oct 6
