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Fed Policy Monitor: Hiking bias and curve reaction – NBC Economics and Strategy
NBC Economics and Strategy, authored by Taylor Schleich and Ethan Currie, reviews the latest Federal Reserve decision following strong CPI data. The Fed delivered a widely expected rate hike and signaled support for restrictive policy for a prolonged period.
United States rates: Yields seen contained, steepeners favoured – TD Securities
TD Securities analysts highlight that the Federal Reserve’s 25bp hike and hawkish projections have boosted its inflation-fighting credibility, making nominal and real US rates attractive.
Canadian Dollar slides to five-week low after Fed’s hawkish decision
The Canadian Dollar (CAD) trades weakly against the US Dollar (USD) on Thursday. In the Asian session, the USD/CAD pair posts a fresh five-week high to near 1.4000.
Federal Reserve: Policy path reshaped – Rabobank
Rabobank’s RaboResearch Global Economics & Markets team reviews the latest FOMC decision, noting a unanimous 25 bps hike in the federal funds rate. The Committee’s projections point to one more hike this year, then a prolonged hold through 2027, with the first cut in 2028.
United States Dollar Index holds gains above 100.00 as Fed signals further tightening
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its winning streak for the sixth successive day and trading around 100.30 during Asian hours on Thursday. The US Initial Jobless Claims data will be released later in the day.
Euro weakens to near 1.1450 as Fed raises rate for first time in three years
The EUR/USD pair declines to around 1.1460 during Asian trading hours on Thursday. The Euro (EUR) weakens against the US Dollar (USD) following an interest rate hike from the US Federal Reserve (Fed). The US Initial Jobless Claims data will be released later on Thursday.Â
Silver Price Forecast: XAG/USD rises to near $64.00 as oil prices decline
Silver price (XAG/USD) gains ground after posting losses the previous day, trading around $63.80 per troy ounce during the Asian hours on Thursday. The white metal finds support as oil prices retreated amid easing concerns over supply disruptions and inflation.
Japanese Yen edges higher vs bullish USD amid expectations of a more hawkish BoJ
The USD/JPY pair edges lower during the Asian session on Thursday, snapping a three-day winning streak and eroding a part of the previous day's gains to a nearly two-week high.
US President Donald Trump says he told Fed Chair to 'do what you want' ahead of rate hike
US President Donald Trump said that he counseled Federal Reserve (Fed) Chair Kevin Warsh to vote for an interest rate hike because other Fed policymakers were expected to vote that way anyway, the Washington post reported on Wednesday.
Australian Dollar holds gains near 0.7100 despite Fed rate hike, IMF urges RBA to stay hawkish
The AUD/USD pair gains ground to around 0.7090 during the early Asian trading hours on Thursday. Traders continue to assess the Federal Reserve (Fed) interest rate hike and US President Donald Trump’s comments. The US Initial Jobless Claims data will be published later on Thursday.Â
WTI remains below $97.50 as Saudi routes recover, US stocks shrink less than expected
West Texas Intermediate (WTI) oil price extends its losses for the second successive day, trading around $96.60 per barrel during the Asian hours on Thursday.
PBOC sets USD/CNY reference rate at 6.7580 vs. 6.7628 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.7580 compared to the previous day's fix of 6.7628 and 6.7241euters estimate.
British Pound languishes near late July lows as hawkish Fed underpins USD ahead of BoE
The GBP/USD pair enters a bearish consolidation phase during the Asian session on Thursday and currently trades around the 1.3380-1.3375 region, near the lowest level since July 30.