简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:The US dollar looks set to end the week on the back foot, following the release of US inflation data on Thursday, which was lower than predicted. The greenback fell more than 2.5% in relation to other major currencies, and stock indices recorded their best day of recent times, as the mood in the markets shifted towards greater risk appetite.
The US dollar looks set to end the week on the back foot, following the release of US inflation data on Thursday, which was lower than predicted. The greenback fell more than 2.5% in relation to other major currencies, and stock indices recorded their best day of recent times, as the mood in the markets shifted towards greater risk appetite.
US inflation slowed down in October, raising the hopes of investors that the Federal Reserve will now reconsider the pace of its monetary policy tightening. With inflation finally under control many now expect a less assertive Fed in December, with many betting on a 50 basis points rate hike, instead of the previously expected 75 basis points. This shift in expectations, as well as the increase in investor risk appetite, are likely to create scope for further dollar weakness over the coming sessions.
Note: The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and as such is to be considered to be a marketing communication.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Federal Reserve Cuts Rates for the First Time in Four Years. On September 18, Bank of America Global Research revealed an upward adjustment in its forecast, expecting the Federal Reserve to implement a total of 75 basis points in rate cuts by year-end.
The Federal Reserve’s decisions to raise or cut interest rates are among the most influential drivers of market activity, particularly in the forex and cryptocurrency markets. Understanding the impact of rate changes is crucial for market participants, as it helps them anticipate potential movements and adjust their strategies accordingly.
STARTRADER has once again solidified its leadership in the forex industry with the prestigious Skyline Guide 2024 award for “Company Outstanding Performance in the Forex Industry”.
SEC seeks a 4-month extension to review 133,582 documents in the Coinbase lawsuit. The deadline could be extended to February 2025 as crypto regulations tighten.