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POPULAR NEWS
Dollar Clings to Gains as Gulf Tensions Bolster Safe-Haven Bid

The dollar held recent gains on Monday as investors tempered some of their expectations for deep U.S. interest rate cuts this month and heightened Middle East tensions supported safe-haven assets. While currency market focus will mostly center on global central bank decisions scheduled for the next two weeks, investors are also watching for any developments in U.S.-China trade negotiations. Markets generally expect central banks to either cut rates or keep policy accommodative, starting with...

Tokyo Stocks Open Lower

Tokyo stocks opened lower on Monday as Japan's ruling bloc retained its majority in the upper house election as widely expected, with focus now shifting to corporate earnings this week. The benchmark Nikkei 225 index was down 0.62 percent or 132.64 points at 21,336.54 in early trade, while the broader Topix index was down 0.59 percent or 9.31 points, at 1,558.10. Source: AFP

Asia Stocks Dip on Likely Smaller Fed Rate Cut, Oil Gains

Asia stocks eased on Monday as investors reduced expectations of an aggressive interest rate cut by the Federal Reserve, while heightened Middle East tensions following an Iranian seizure of a British tanker lifted crude oil prices. MSCI™s broadest index of Asia-Pacific shares outside Japan was down 0.1%. South Korea's shed 0.3%, Australian stocks lost 0.2% and Japan's Nikkei fell 0.5%. Global equity markets had risen briefly towards the end of last week after dovish comments by New York...

Oil Gains as Gulf Tanker Seizure Raises Tensions

Oil prices rose on Monday amid high tensions in the Middle East after a British tanker was seized by the Iranian military at the end of last week. Brent crude futures were up 51 cents, or 0.8%, at$62.98 a barrel by 0042 GMT. The international benchmark rose to as high as $63.47 earlier. West Texas Intermediate (WTI) crude futures were up 15 cents, or 0.3%, at $55.78. WTI fell over 7% and Brent fell more than 6% last week. Iran™s Revolutionary Guards said they had captured a...

Dollar Pushes Higher as Markets Dial Back Fed Rate Cut Bets
Wednesday, 26 June 2019 15:50 WIB | CURRENCIES |DOLLAR

The U.S. dollar edged higher on Wednesday, pulling away from a three month low as markets dialed back expectations for aggressive interest rate cuts by the Federal Reserve next month, but expectations for some monetary easing checked the currency™s gains.

Expectations for a half percentage point cut at the Fed™s July meeting receded after St. Louis Fed President James Bullard said Tuesday that such a move "would be overdone".

Separately, Fed Chairman Jerome Powell said the central bank is "insulated from short-term political pressures," pushing back against U.S. President Donald Trump's demands for a significant rate cut.

The comments tempered expectations for aggressive easing, but investors are still expecting at a quarter percentage point cut next month.

The U.S. dollar index against a basket of currencies edged up to 95.75 by 02:44 AM ET (06:44 GMT) on Wednesday, off a three-month low of 95.36 reached on Tuesday.

The dollar pushed higher against the yen, but remained within striking distance of five-month lows as heightened tensions between the U.S. and Iran underpinned demand for safe-haven currencies.

However, trading is likely to subdued as the focus shifts to a meeting between Trump and Chinese President Xi Jinping at a Group of 20 summit over the weekend, but expectations are low for a breakthrough that would end the dispute between the world™s two-largest economies.

œPowell is worried about curbing excess expectations, but Treasury yields are clearly heading lower and U.S. economic data are not looking great. A rate cut in July is a done deal.

The U.S. currency was up 0.2% at 107.38 yen after falling to 106.79 on Tuesday, its lowest since its flash crash in early January.

The euro was little changed against the dollar at 1.1356, rowing back slightly from Tuesday™s three-month high of 1.141.

The British pound was down 0.2% at 1.2669 before the Bank of England publishes its closely-watched quarterly inflation forecasts later on Wednesday.

Source : Investing.com

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POPULAR NEWS
Dollar Clings to Gains as Gulf Tensions Bolster Safe-Haven Bid

The dollar held recent gains on Monday as investors tempered some of their expectations for deep U.S. interest rate cuts this month and heightened Middle East tensions supported safe-haven assets. While currency market focus will mostly center on global central bank decisions scheduled for the next two weeks, investors are also watching for any developments in U.S.-China trade negotiations. Markets generally expect central banks to either cut rates or keep policy accommodative, starting with...

Tokyo Stocks Open Lower

Tokyo stocks opened lower on Monday as Japan's ruling bloc retained its majority in the upper house election as widely expected, with focus now shifting to corporate earnings this week. The benchmark Nikkei 225 index was down 0.62 percent or 132.64 points at 21,336.54 in early trade, while the broader Topix index was down 0.59 percent or 9.31 points, at 1,558.10. Source: AFP

Asia Stocks Dip on Likely Smaller Fed Rate Cut, Oil Gains

Asia stocks eased on Monday as investors reduced expectations of an aggressive interest rate cut by the Federal Reserve, while heightened Middle East tensions following an Iranian seizure of a British tanker lifted crude oil prices. MSCI™s broadest index of Asia-Pacific shares outside Japan was down 0.1%. South Korea's shed 0.3%, Australian stocks lost 0.2% and Japan's Nikkei fell 0.5%. Global equity markets had risen briefly towards the end of last week after dovish comments by New York...

Oil Gains as Gulf Tanker Seizure Raises Tensions

Oil prices rose on Monday amid high tensions in the Middle East after a British tanker was seized by the Iranian military at the end of last week. Brent crude futures were up 51 cents, or 0.8%, at$62.98 a barrel by 0042 GMT. The international benchmark rose to as high as $63.47 earlier. West Texas Intermediate (WTI) crude futures were up 15 cents, or 0.3%, at $55.78. WTI fell over 7% and Brent fell more than 6% last week. Iran™s Revolutionary Guards said they had captured a...

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