Tag: Australian dollar
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Yen Slides as Japan PM Pushes Slow Rate Hikes
Yen under pressure as PM calls for cautious BoJ policy The yen traded near a record low against the euro and hovered at a nine‑month trough versus the U.S. dollar on Thursday after Japan’s new prime minister signaled a preference for a gradual approach to rate hikes. Investors absorbed the remarks as they weighed the…
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Yen Drops as Japan PM Pushes Slow Rate Hikes, Aussie Rises
Yen Under Pressure as Leaders Signal Caution on BoJ Tightening The yen drifted near a record-low against the euro and held a nine-month trough versus the U.S. dollar on Thursday after Japan’s new prime minister indicated a preference for a gradual approach to interest rate hikes. Traders shifted from a relative sense of policy certainty…
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Dollar Holds Near 3-Month High as Fed Divisions Pause Near-Term Rate-Cut Bets
Dollar Holds Near Three-Month High Amid Federal Reserve Uncertainty The U.S. dollar hovered just below a three-month peak on Tuesday as market participants reassessed bets on when the Federal Reserve might cut rates. A chorus of voices within the Fed has signaled a cautious stance on near-term easing, leaving traders to pare expectations for a…
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Why Michele Bullock is relieved she is keeping rates on hold as markets continue to shift
Markets in a Quiet Pause: Why Michele Bullock Kept Rates On Hold Australia’s central bank, led by Governor Michele Bullock, chose to keep the cash rate unchanged as markets continue to adapt to a shifting global backdrop. The decision, while anticipated by many investors, carries a layered signal about the economy’s current strength, price pressures,…
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ASX Hits Record High Again as Unemployment Rises and Rate Cut Bets Return
ASX Reaches New Record High on Jobs Data and Rate-Cut Bets The Australian share market surged to another record high as September unemployment data highlighted a softer jobs market, reviving expectations for further cuts to the cash rate. Traders pushed risk assets higher on the prospect that the Reserve Bank of Australia (RBA) could ease…