Fed raises benchmark rate for the first time in three years
The Federal Reserve raised interest rates by 25 basis points for the first time in three years, as expected. The decision was unanimous.
The Federal Reserve raised interest rates by 25 basis points for the first time in three years, as expected. The decision was unanimous.
The USD/INR pair reversed all gains from RBI interventions as higher oil prices pressured the rupee. The pair now tests resistance at 96.10.
USD/JPY rose 134 pips, briefly exceeding 155.00, as intervention-related short-covering unwound and yen shorts cleared, with the Treasury Secretary's "house"…
The dollar rises against major currencies while US stock futures fall on AI concerns and Middle East tensions, as markets await Fed, BOE, and BOJ decisions.
August CPI data kept the Fed on track for a rate hike, pushing Treasury yields higher, while US stocks rebounded.
USDCAD bounced from moving average support but stalled at a descending trendline, setting up a key technical battle for next week.
US August PPI came in at 5.4% annually, slightly above the 5.3% forecast, with dollar strengthening on the data.
Treasury confirmed a buyback of up to $6 billion, a figure that disappointed, while 30-year yields touched a session high of 5.29%.
Economic calendar for September 7-11 with ECB meeting, U.S. inflation data, and Australian consumer sentiment.
The PBOC is expected to set its daily USD/CNY reference rate at 6.7086, according to a Reuters estimate.
Goldman Sachs says next week's inflation data, not the strong jobs report, will decide the Fed's September move. It expects a benign CPI to hold rates steady.
Trump demands lower rates, threatening to halt trade with deficit countries.
US non-farm payrolls rose 162K in August, well above the 56K expected, while the unemployment rate held at 4.1%.
PBOC to set USD/CNY reference rate, expected at 6.7098 per Reuters estimate.
Deutsche Bank warns the dollar is riskier and tied to AI success as tokenization shifts funding flows.