CNHUSD CNH/USD
- 0.13833
- +0.00001+0.01%
CNH/USD News
Interest rates on 30-year mortgages in the US fell for the first time since the end of March
Interest rates on US mortgages fell for the first time since late March, giving buyers a sigh of relief and boosting mortgage applications for home purchases and refinancing. Contract interest rates for 30-year fixed-rate mortgages fell 11 basis points to 7.18% in the week ending May 3, according to data released by the Mortgage Bankers Association on Wednesday. Prior to that, the interest rate had been rising for four consecutive weeks and had risen to well above 7%. The real estate market is one of the most interest-sensitive sectors of the economy. While mortgage interest rates fell last week, Federal Reserve Chairman Jerome Powell said rate hikes were unlikely, and
US Dollar Extends Widespread Recovery as Rates Pricing Adjusts Higher
The US dollar extended a widespread recovery against major currencies in early European trade on Wednesday, aided by weakness in some other currencies as well as an upward adjustment in expected levels of the Fed Funds rate.
Dollar Firms as Post-Fed Meeting Weakness Fades -- Market Talk
The dollar firms as FX traders shrug off the impact of last week's Federal Reserve meeting where policymakers raised the bar for a rate hike and left prospects of a rate cut more likely, says Ipek Ozkardeskaya, senior analyst at Swissquote Bank, says in a note.
Forex Today: US Dollar Clings to Recovery Gains as Markets Assess Fedspeak
The US Dollar (USD) stays resilient against its rivals early Wednesday after posting marginal gains on Tuesday.
Rental costs are soaring! Major central banks face stubborn obstacles to curbing inflation
In the US, the UK, Canada, and Australia, rapidly rising housing costs — which weigh heavily in the consumer price index basket — are preventing inflation from falling back to the central bank's target level.
Former US Treasury Secretary Mnuchin: A strong dollar currently helps finance US debt
Mnuchin said that a strong dollar is currently an advantage in helping the US finance huge fiscal deficits, but he also called on the winners of the November presidential election to lead a new initiative to control the federal debt burden.
Are inflation expectations dangerous? Key US polls: People's confidence in Federal Reserve Chairman Powell is close to an all-time low
Consumers don't trust the Federal Reserve, which also explains why, as progress in cooling US inflation has stalled since this year, people's short-term and long-term inflation expectations have begun to loosen.
Senior Federal Reserve official: US neutral interest rates are probably higher than expected. Last week's non-agricultural data was not weak
The chairman of the Minneapolis Federal Reserve recently predicted that the Federal Reserve's most likely option is to keep policy interest rates stable for a longer period of time. If inflation declines again, or if a significant weakening of the US labor market is found, these may all cause the Federal Reserve to cut interest rates. Interest rate hikes aren't the most likely scenario, but they can't be ruled out either.
Forex Today: Focus Stays on Fedspeak Amidst Broad-based Consolidation
The Greenback traded with decent gains against the backdrop of a generalized consolidative phase in the global markets, as the FX universe slowly shifted its attention to the release of US CPI next week.
Federal Reserve official Kashkari: It is too early to assert that the process of reducing inflation has stalled
Federal Reserve Bank of Minneapolis Governor Neel Kashkari said that more data is needed to know if the process of returning inflation to the 2% target has stalled. “It's a bit too early to assert that it must have stalled,” Kashkari said. “We are now in a good position, the labor market is still strong, and we can take a moment to get more data to see if the decline in inflation continues. If so, that's great; if not, then we need to consider that”. Kashkari said that there are sectors of the economy that are slow to respond to monetary policy, for example
US Dollar Scores Mild Gains in Quiet Tuesday
There won't be any high-level US reports due this week
Fed's Kashkari: Raising Rates Is Not Likely, but Not off the Table
Federal Reserve (Fed) of Minneapolis President Neel Kashkari hit newswires for the second time on Tuesday as the Fed official weighs in on the Fed's inflation and interest rate outlook for the rest of the year.
The US Treasury's “debt issuance wave” is here! The global equity market is facing a major test
Powell's less aggressive rhetoric and weak employment last week boosted global bond prices; the US will issue $125 billion of 3-year, 10-year, and 30-year treasury bonds this week.
Fed's Kashkari: Inflation Moving Sideways Raises Questions About How Restrictive Policy Is
Minneapolis Federal Reserve President Neel Kashkari said on Tuesday that inflation moving sideways raises questions about how restrictive policy is, per Reuters.
US Dollar Trades in the Green After Monday's Last-minute Turnaround
The US Dollar trades in the green though starts to ease again at the start of the US session
Fidelity International: Predicting that interest rates will not be cut at all this year, US inflation seems to show no sign of abating
The economic forecast summary published by the Federal Reserve still indicates that inflation continues to reach the 2% target, but considering the current economic situation, Fidelity International believes it may be difficult to reach the target in 2024.
Citadel founder Griffin: The economic outlook is worrisome and the Federal Reserve is expected to cut interest rates in September or December
If the Federal Reserve chooses not to cut interest rates in September, then the possibility of cutting interest rates in December will increase, and Griffin expects the Federal Reserve to take action within this year.
Dollar Recovers Losses After Friday's Weak U.S. Jobs Data -- Market Talk
The dollar recovers from the losses it suffered after Friday's weaker-than-expected U.S. jobs data, which reignited the prospect of the Federal Reserve cutting interest rates.
Citibank: The Federal Reserve is not afraid of a brief surge in financing interest rates and the contraction will continue until next year
Citi said that the Federal Reserve may continue its plan to reduce its balance sheet until the second quarter of 2025, unless there is a recession, which is longer than the previous forecast period.
The Impact of Economic Indicators and Global Dynamics on the US Dollar
The April employment report delivered a mixed bag of results. Job creation fell short of expectations, unemployment figures rose, and wage growth remained subdued.