News
Important Only
US: Jobs gain beat forecast but unemployment rate rose – UOB Group
The US employment report was again mixed. Continued rise in unemployment rate, benign wage growth and decline in ISM services/factory orders lifted Federal Reserve (Fed) rate cut expectations, UOB Group Senior Economist Alvin Liew notes.Fxstreet
Jul 9, 2024
ECB’s Panetta: ECB can gradually reduce rates in line with disinflation process
European Central Bank (ECB) executive board member Fabio Panetta said on Tuesday that the ECB “can gradually reduce rates in line with the disinflation process.” Additional quotes Should be ready to respond quickly to any shocks in one direction or the other.
Fxstreet
Jul 9, 2024
BoJ: Comparing with overseas central banks, a reduction of ¥2-3 trillion is desired
Following the conclusion of the first day of meeting with market participants, the Bank of Japan (BoJ) said that it “received various views from participants in the survey including idea to reduce monthly buying to around ¥2-3 trillion, or to keep buying around V4 trillion.” “Opinions from bond market participants on pace of tapering included idea to taper at set pace swiftly, or taper swiftly at set pace then taper moderately in several stages, or reduce buying gradually over two years,” the BoJ said.
Fxstreet
Jul 9, 2024
Japan’s Suzuki: Important to keep fiscal discipline
Japan’s Finance Minister Shunichi Suzuki said on Tuesday that it is “important to keep fiscal discipline to keep confidence in long-term fiscal health.” He added that he is “closely watching discussions at the Bank of Japan (BoJ) meeting with the bond market.” Market reaction USD/JPY is battling 161.00 following these above comments, having hit intraday highs at 161.13 in the last hour.Fxstreet
Jul 9, 2024
Australia consumer sentiment worsens in July on rate, inflation fears- Westpac
Investing.com-- Australian consumer sentiment worsened in early-July, coming close to its weakest level since the COVID-19 pandemic as sticky inflation saw consumers grow more fearful of higher intereInvesting.com
Jul 9, 2024
