Cut

By Ankur Banerjee and Stefano Ribaudo (Reuters) - The dollar hovered near a seven-month low on Tuesday amid bets the U.S. central bank will start cutting interest rates next month, with traders bracing for comments from Federal Reserve…

Gold could rise to $2,600 an ounce after hitting a new record high, as traders increasingly expect the US Federal Reserve to cut interest rates next month. On Sunday, spot gold broke through $2,500 an ounce for the first time,…

Breadcrumbs Path LinksBMWPMN BusinessArticle author:Associated PressChristopher RugaberPublished on August 20, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account.Article…

High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss.…

A note from the economists at the investment bank. I haven't seen it yet, but the news agencies are carrying the highlights.In summary:It lowered its forecast for a U.S. economic contraction from 25% to 20%, and said it could lower the…

Bank of Canada Governor Tiff MacklemRBC continues to expect the Bank of Canada to cut rates by 25 basis points on September 4 and again on October 23. The market sees a very small chance of a 50 basis point rate cut at one of these…

Expectations of a major interest rate cut in September had lost steam after recent economic data showed that recession fears were just hype about nothing, but with the labor market now in the driver's seat of monetary policy, the August…

Most Asian currencies rose on Friday as continued bets on a U.S. interest rate cut put the dollar on track for a fourth straight week in the red, while the Japanese yen fell further amid improved risk sentiment. While the dollar rose from…

High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss.…

Inflation is slowing, and at least one Federal Reserve official has said he is “open” to cutting interest rates at the central bank’s next meeting in September. "The Fed is not going to be able to do that," said Rafael Boucek, president…