Dollar set to pounce on euro if ECB offers dovish guidance

Quick Summary:

SYDNEY :The yen made broad gains on Thursday as Japan looks on track to keep raising interest rates as others cut, with the European Central Bank seen certain to deliver just the latest in a string of easings today.

The yen was almost the sole mover in Asia, as the dollar eased 0.5 per cent to 154.

As a result, Fed fund futures still imply around 48 basis points of easing this year, compared to 49 basis points earlier in the week.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustraliaBrazilCanadaGermanyJapanMexicoSweden

Topics: Easing Dollar Basis Bank Euro Points Rates Expected Seen Cent Thursday

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-30 @ 08:50:19 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 585 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 25617455

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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News Last Updated: 1 hours ago

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