Asia FX steady as traders assess Fed outlook; rupee hits fresh record low

Asia FX steady as traders assess Fed outlook; rupee hits fresh record low
Source link

Asia FX steady as traders assess Fed outlook; rupee hits fresh record low
Source link
The Dow Jones Industrial Average (DJIA) knocked sharply lower on Thursday following a week-long meandering period. The Dow tumbled into the 46,300 region after opening the American market session near 46,600, knocking the major equity index down around 300 points at the time of writing. The US government’s ongoing shutdown has officially extended past the…
European currency is consolidating and retreating slightly from local highs ahead of the ECB meeting. Friday’s weak US labour market data gave the euro a boost, but at the start of the week the market remained undecided on how to interpret the signals: after an attempt to strengthen, a correction followed, and traders returned to…
UK exports of clothing and footwear to the EU have dived since Brexit, according to a new study that shows the extent to which complex regulations and red tape at the border have deterred firms from sending goods across the Channel. Exports of clothing and footwear sold to EU countries have fallen from £7.4bn in…
EUROPEAN SESSION In the European session, the only highlights are the final German Q4 GDP and the final Eurozone CPI report. The preliminary German Q4 GDP report beat expectations showing a 0.3% Q/Q growth. The preliminary Eurozone CPI figures saw headline CPI Y/Y coming at 1.7%, while the core CPI Y/Y printed at 2.2%. The…
Starmer ‘very interested’ in Italy’s plan to offshore asylum applications in Albania, Meloni says The first question comes from an Italian journalist. Q: How will your cooperation on immigration play out? Meloni says her government has a plan for illegal migration. She says Italy and the UK may be able to extend the work done…
There are two things that the market considers with economic data: What the Fed will do What the Fed should do Now those two things are usually aligned but not always. The heavy politicization of the Fed has the market worried about unwise rate cuts now and into next year. Today’s UMich consumer sentiment and…