US EditionCurrencies on guard ahead of major central bank decisions, US data releases
Markets anticipate a 25 basis-point rate hike by the Bank of Japan amid strong business sentiment and upcoming U.S. inflation and employment reports influencing global policies.
- On Friday, the Bank of Japan is expected to raise rates at its policy decision, with markets and investors watching for guidance from Governor Kazuo Ueda on future hikes.
- A central bank survey reported that big Japanese manufacturers' business sentiment hit a four-year high, while the yen was little changed in early Asia trade.
- The U.S. data calendar, with jobs on Tuesday and inflation on Thursday, has a host of delayed data from a historic government shutdown and Federal Reserve Chair Jerome Powell signalling borrowing costs will stay steady.
- Markets are pricing contrasting central-bank moves as sterling eased 0.17% to $1.3359 and the euro was down 0.09% at $1.1730, with Joseph Capurso saying `In terms of the BoE, I think it's going to be very interesting`.
- Analysts at Societe Generale expect the BOJ to raise its policy rate to 1% in July next year, entering 'uncharted territory' amid divergence from Federal Reserve Chair Jerome Powell's signals.
10 Articles
10 Articles
Morning Bid: Markets in Grinch-y mood before data deluge
A look at the day ahead in European and global markets from Ankur Banerjee Investors have hunkered down, unwilling to take on risky bets, ahead of a clutch of economic data from across the globe and central bank meetings in what is shaping up to be an eventful last full week of the year. The focus of the European session will be trained on UK wage data that comes days ahead of a knife-edge vote on interest rates on Thursday, where Bank of Engla…
New Strait Times
Currencies on guard ahead of major central bank decisions, US data releases
SINGAPORE: The dollar was nursing losses on Monday while the euro and sterling held steady ahead of their respective central bank decisions this week, with focus squarely on the rate outlooks across major economies as the new year approaches.
Morning Bid: Markets in Grinch-y mood before data deluge - Regional Media News
A look at the day ahead in European and global markets from Ankur Banerjee Investors have hunkered down, unwilling to take on risky bets, ahead of a clutch of economic data from across the globe and central bank meetings in what is shaping up to be an eventful last full week of the year. The focus of the European session will be trained on UK wage data that comes days ahead of a knife-edge vote on interest rates on Thursday, where Bank of Englan…
Currencies in tight ranges ahead of central bank decisions
The New Zealand dollar dropped 0.43% to $0.5777, while the yen gained 0.3% to 155.39 per dollar Currencies mostly held tight ranges in Asia trade, as investors braced for a busy week. The New Zealand dollar declined 0.43% to $0.5777, after the country’s top central banker on Monday pushed back on expectations of rate hikes next year. Reserve Bank of New Zealand Governor Anna Breman reiterated the forward path for the benchmark official cash rate…
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