HomeEconomyTraders await lending data, eye dollar rates Economy Traders await lending data, eye dollar rates By hossam a May 8, 2023 0 178 views Share FacebookTwitterPinterestWhatsApp AUD/ USD +0.% Add/Remove from Watchlist Add to watch list Add Location Location successfully added to: Please name your portfolio type: purchaseSell date: quantity: price Point value: Leverage: 1:1 1: 1: 1: CREATE NEW WATCHLIST CREATE Create a new holding portfolio Add Create 8908 + add another position to close 9900 DX 9900-0. % 8906 Add to Watchlist/ Remove from watchlist Add to watch list Add Job Location successfully added to: Please name your portfolio type: purchase Sell date: quantity: price Integral value: Leverage: 1:1 1: 1: 1: 1: 0024 1: 11 1: 0050 1: 26 1: 50 Committee: Create New Watchlist Create Create a new holding portfolio Add to create + add another position to close 8905 SCBFF 8905-0.03% 6755 Add/Remove from Watchlist Join the watch list Add position Location successfully added to: Please name your portfolio type: purchase Sell date: quantity: price point value: Leverage: 1:1 1: 1: 1: 00 1: 10 1: 16 1:16 Tom Westbrook SINGAPORE (Reuters) – The dollar gained ground last week after the Federal Reserve signaled the end of its U.S. rate hike cycle, with traders turning their attention to U.S. inflation and bank lending data in the week ahead. The pound is hovering at $1. 0800,at Below touched last Friday The monthly high was also on the minds of traders ahead of an expected Bank of England rate hike on Thursday. The euro has risen nearly % Lost a little momentum at $1 from the September low. 68 and has struggled to break through the $1 resistance. . The yen edged lower, reflecting Friday’s moves higher in U.S. bond yields after strong jobs data. USD/JPY was last up 0.2% to 11.. Last week, the Federal Reserve and the European Central Bank raised interest rates each time base points and different degrees of prospects The market is taking it as a signal that rate hikes are slowing or stopping. U.S. interest rate futures are pricing in about a one-in-three chance of a rate cut as early as July, according to the CME FedWatch tool — although stronger-than-expected U.S. jobs data on Friday suggested it might be premature. “The Fed tends to steer people away from the possibility of rate cuts this year, which is somewhat at odds with the interest rate market pricing in rate cuts,” HSBC analysts said in a note. said in a report. “If the Fed is proven right in the process, then that would make it harder for the dollar to extend its decline,” the analysts wrote. “But for now, the market is likely to run on the Fed’s peak in interest rates as the reason for an apparent peak in the dollar.” this6747 US Dollar Index fell for a second straight week last week, falling about 0.4 percent. The Australian currency also posted solid gains last week, but has yet to break out clearly into new territory. this8827 AUD USD steady at $0. 3371 Early trading but facing obstacles around $0. 05. The New Zealand dollar remains at $0. 2633, with resistance around $0. 2633. [AUD/] Later on Monday, the Fed’s loan officer survey will likely show whether and how banks are Tighter credit – If it puts downward pressure on interest rates, this could weigh on the dollar. Traders will also focus on headlines on Capitol Hill as lawmakers try to negotiate a way out Debt payments may not be made until June 1. U.S. inflation data is due on Wednesday. Standard Chartered Bank said (OTC: 7900SCBFF ) Head of G Forex Research, Steve Englander. “However, the resilience of the big banks makes this unlikely, in our view,” Englander said. “In our view, an escalation in debt ceiling concerns is more likely to drive a stronger safe-haven dollar through demand for immediate dollar liquidity.” ======================================================== The currency bid is GMT Description RIC Last US Close Pct Change YTD Pct High Bid Low Bid Previous changes Meeting EUR/USD $1.66 $1.57 +0.% +0. % +1.134 +1.50 6750 USD/JPY 06. 03.6294 +0.% +0.% +10. 0800 +08.6365 6365 EUR/JD Yuan 06.01 08.03 +0.% +0.% +11.0050 +11.2631 6747 USD/SWISS 0.6300 0.6294 +0.% +0.% +0.6400 +0. 6400 6755 GBP/USD 1.148 1.134 +0.% + 0.% +1.0800 +1.80 6750 USD/CAD 1.1019 1.1021 +0.% +0.% +1.2023 +1.200 6365 AUD/USD 0.6294 0.3374 -0.% +0. % +0.3374 +0.2638 6749 new Zealand USD/USD 0.1036 0.1021 +0.% +0.% +0.2631 +0.1021 6747 6747 All attractions Tokyo attractions European Attractions Volatility Information from the Bank of Japan in the Tokyo foreign exchange market 6747 Share FacebookTwitterPinterestWhatsApp Previous articleJennifer Coolidge Defends WGA Strike While Accepting Comedy Genius Honor at MTV Movie & TV AwardsNext articleLive-action Kocchi Muite yo Mukai-kun show reveals leading actor, debuts in July hossam a RELATED ARTICLES Economy Despite facing 109% inflationary pressure, Argentines are grilling more steaks June 4, 2023 Economy Wall Street ends with jobs data, debt default averted June 4, 2023 Economy ECB's Visco says lower energy prices should help curb inflation June 4, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! 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