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Goldman Sachs Expects ECB Rate Hikes in April and June as Inflation Concerns Mount
March 23 (Reuters) - Goldman Sachs said on Monday it expects the European Central Bank to deliver two 25 basis point interest rate hikes in April and June, joining peers J.P.Morgan and Barclays as policymakers signal inflation risks driven by the Middle East war.Reuters
Mon, Mar 23
Japanese Firms Agree to 5.26% Wage Hike, Top Union Group's Preliminary Data Shows
TOKYO, March 23 (Reuters) - Japanese companies have agreed to raise wages by more than 5% for a third consecutive year, early results from annual labour talks showed on Monday, reflecting sustained gains in pay that policymakers see as key to fostering durable economic growth.Reuters
Mon, Mar 23
US Dollar Index advances to near 100.00 due to strengthening Fed hawkish stance
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, extends its gains for the second successive session and is trading around 99.80 during the early European hours on Monday.Fxstreet
Mon, Mar 23
EUR/GBP steadies near 0.8650 as traders adopt caution on Middle East conflict
EUR/GBP pares its daily losses and is hovering around 0.8670 during the Asian hours on Monday. The currency cross opened at a gap down as the Euro (EUR) faces struggles amid increased safe-haven demand due to increasing Middle East tensions.
Fxstreet
Mon, Mar 23
INDIA BONDS-India bonds under fire as oil, US yields compound supply woes
By Dharamraj Dhutia MUMBAI, March 23 (Reuters) - Indian government bonds plummeted on Monday, as surging oil prices and rising U.S. Treasury yields weighed on sentiment.The benchmark 6.48% 2035 bond yield was at 6.8261% as of 10:30 a.m. IST, up 9 basis points, and after closing at 6.7369% on Frid...Reuters
Mon, Mar 23
Asian Stock Markets Face Bloodbath as Iran Threatens Indefinite Hormuz Closure
Stock markets in the Asian region have fallen like a house of cards at the start of the week as escalating conflicts in the Middle East, following United States (US) President Donald Trump’s ultimatum to Iran for reopening the Strait of Hormuz has further prompted energy supply concerns.Fxstreet
Mon, Mar 23
Japan’s Mimura: Government is prepared to take measures on all fronts in FX volatility
Atsushi Mimura, Japan’s Vice Finance Minister for International Affairs and top foreign exchange official, said on Monday that the government is consider to take measures on all fronts in foreign exchange (FX) volatility.Fxstreet
Mon, Mar 23
EUR/JPY declines to near 184.00 on Middle East conflict escalation
The EUR/JPY cross trades with mild losses near 184.15 during the early Asian session on Monday. The Japanese Yen (JPY) strengthens against the Euro (EUR) as the escalation of conflict in the Middle East boosts safe-haven assets.
Fxstreet
Mon, Mar 23
Bank of Korea's newly appointed chief pledges 'balanced' policy
Shin Hyun-song says he will seek balanced monetary policyShin known for predicting 2008 crisis, focuses on excessive leveraging risksBOK likely to keep interest rates steady until at least August 2023By Cynthia Kim and Jihoon Lee SEOUL, March 22 (Reuters) - South Korean economist Shin Hyun-song, ...Reuters
Mon, Mar 23
EUR/USD declines to near 1.550 amid Middle East crisis
The EUR/USD pair loses ground to around 1.1560 during the early Asian trading hours on Monday. The Euro (EUR) weakens against the US Dollar (USD) as heightened geopolitical tensions in the Middle East have spurred volatility and weighed on the riskier assets.Fxstreet
Sun, Mar 22
