“Everybody expecting a 0.75% increase, a recession the day after with negative GDP, no changes” JosephTrevisani on ReutersBiz “Equities going nowhere, $USD remained strong but has given back, traders who went long USD took some profits, perfectly normal”
NEW YORK – The dollar was lower against a basket of major currencies on Monday, as investors weighed the implications of a rate hike by the U.S. Federal Reserve in an economy that may be on the verge of a recession.
Recent data has shown signs of an economic slowdown while inflation remains stubbornly high, with claims for jobless benefits rising to its highest in eight months last week and regional manufacturing gauges slumping. “But right now, equities are going nowhere, the dollar has remained strong but has given back, the traders who went long the dollar took some profits which is perfectly normal.”Last week, the greenback saw its biggest weekly percentage decline in two months, as a rally in equities helped dent the appeal of the safe-haven dollar and a 50 basis point rate hike by the European Central Bank helped buoy the euro to a two-week high.
Of the 107 companies in the S&P 500 that have reported earnings through Monday morning, 74.8% have topped analyst expectations, below the 81% beat rate over the past four quarters, but above the 66% rate since 1994, per Refinitiv data. Earnings growth is currently estimated to be 6.1%, up from 5.6% at the start of July.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
US dollar: A tactical selloff needs a clear shift to a more accommodative Fed – Goldman SachsEconomists at Goldman Sachs offer their outlook on the US dollar heading into this week's FOMC policy meeting. Key quotes 'A convincing turn in the Do
Consulte Mais informação »
Treasury yields nudge higher after recent sharp falls and ahead of Fed decisionYields were nudging higher, reversing a portion of the sharp drop seen over the past few sessions, when recession concerns appeared to trump inflation fears.
Consulte Mais informação »
Progressive Rep. Khanna blames inflation on Fed; says US should not export oil from strategic reserveU.S. Rep. Ro Khanna, a progressive from California, suggested that producing more goods in America rather than importing them from overseas will help lower inflation.
Consulte Mais informação »
Gold Price Forecast: XAUUSD bulls look to $1,741 and $1,750 ahead of Fed – Confluence DetectorGold price is fluctuating between losses and gains so far this Monday, as investors remain on a cautious footing ahead of this week’s Fed rate hike de
Consulte Mais informação »
US week ahead: Fed rate hike decision and Q2 GDP in focus – Moody’sMoody’s Investors Services provides a detailed preview of the much-awaited Fed rate hike decision and the US advance Q2 GDP due on the cards later thi
Consulte Mais informação »
Strong dollar looms over U.S. earnings season By Reuters*U.S. EARNINGS SEASON KICKS INTO HIGH GEAR AS MEGACAP TECH STOCKS REPORT AMID HEADWINDS - 🇺🇸 🇺🇸
Consulte Mais informação »