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Dollar firm as inflation data douse bets for big Fed rate cut

Channel News Asia LogoChannel News Asia4h ago

Dollar firm as inflation data douse bets for big Fed rate cut - Channel News Asia

Quick Summary:

TOKYO : The dollar traded near a four-week high versus the euro on Thursday after signs of some stickiness in U.S.inflation reinforced expectations that the Federal Reserve would avoid a super-sized interest rate cut next week.

But excluding the volatile food and energy components, the gauge climbed 0.3 per cent, accelerating from the previous month's 0.2 per cent increase.

Meanwhile, a quarter-point rate reduction from the European Central Bank (ECB) is widely expected later on Thursday, with investors anxious for hints on how soon the monetary authority will cut again.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 08:43:10 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 552 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 22464368

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 55 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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  • URL: https://beamstart.com/news/dollar-firm-as-inflation-data-17261028677923

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