Payrolls set to be high-risk event for dollar – Citi
Investing.com – All eyes in the foreign exchange markets are firmly focused on Friday’s US jobs report, with Citi stating that the release is likely to market moving for G10…
Waller signals Fed is open to bigger cuts
Federal Reserve Governor Christopher Waller said today that the current economic data warrants action, suggesting that the Federal Reserve is fully prepared to cut rates. While speaking at the University…
Reports of dollar’s demise are greatly exaggerated, JPMorgan says
By Marc Jones LONDON (Reuters) – Suggestions that the dollar’s dominance of the global financial system is ending are wide of the mark, JPMorgan said on Wednesday, despite some dramatic…
Durov says Telegram will tackle criticism of how it moderates content
By Mark Trevelyan and Martin Coulter LONDON (Reuters) – Telegram boss Pavel Durov said on Friday that the messaging app would tackle criticism of its content moderation and remove some…
Indian central bank likely selling dollars to prevent rupee from dipping past 84, traders say
MUMBAI (Reuters) – The Reserve Bank of India was likely selling U.S. dollars on Thursday to prevent the rupee from weakening past the key psychological level of 84, four traders…
Traders see Fed starting with 25 bps cut in Sept
(Reuters) – Traders priced in a quarter-point Federal Reserve interest-rate cut this month, with a bigger move expected at its next meeting, after Fed Governor Christopher Waller said recent labor…
Dollar slips lower, struggling to stop losses ahead of payrolls
Investing.com – The U.S. dollar slipped Thursday, struggling to find a foothold after weak economic data raised expectations of an outsized interest rate cut by the Federal Reserve later this…
Citi ‘increasingly convinced’ that the Fed will cut rates by 50 bps in September
The U.S. economy reported an increase of 142,000 new jobs in August, falling short of the anticipated 160,000 jobs. Despite the modest job creation, the unemployment rate remained virtually unchanged…
Major Russian lenders say yuan coffers empty, urge central bank action
By Elena Fabrichnaya MOSCOW (Reuters) – Major Russian banks have called on the central bank to take action to counter a yuan liquidity deficit, which has led to the rouble…
Bank of America sees more downside for the dollar
Investing,com – The US dollar has stabilized after a sharp fall in August, but Bank of America Securities sees more troubles ahead for the US currency. At 07:20 ET (11:20…