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Dollar steady as PCE data sets up June rate cut bets; yen in focus - Vimarsana News

Dollar steady as PCE data sets up June rate cut bets; yen in focus

The dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June, while the yen loitered near 152 per dollar keeping traders on edge on the threat of intervention. The personal consumption expenditures (PCE) price index rose 0.3% in February, the Commerce Department's Bureau of Economic Analysis said on Friday, compared with the 0.4% rise that economists polled by Reuters had forecast. Federal Reserve Chair Jerome Powell on Friday said the latest U.S. inflation data was "along the lines of what we wo...

Source: yahoo.com
South Korea March exports up for sixth month on chip sales; miss estimates - Vimarsana News

South Korea March exports up for sixth month on chip sales; miss estimates

Robust demand for South Korean chips helped Asia's fourth-largest economy post export growth for a sixth consecutive month in March, albeit at a pace slightly slower than expected, data showed on...

China's new home prices rise at fastest pace in over 2-1/2 years, survey shows - Vimarsana News

China's new home prices rise at fastest pace in over 2-1/2 years, survey shows

New home prices in China rose at the fastest pace in more than two and a half years in March versus a month earlier, a private survey showed on Monday, driven by a slew of supportive steps to prop up the crisis-hit property sector. The average new home price across 100 cities rose 0.27% on month in March, the biggest rise since July 2021, showed data from real estate researcher China Index Academy. China's property sector, a pillar of the economy, has lurched from one crisis to another since 2021 after a regulatory crackdown on high leverage among developers triggered a liquidity crisis...

Source: yahoo.com
Dollar steady as inflation data boosts June rate cut bets; yen in focus - Vimarsana News

Dollar steady as inflation data boosts June rate cut bets; yen in focus

The dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June, while the yen loitered near 152 per dollar keeping... -April 01, 2024 at 01:44 am EDT - MarketScreener

Dollar higher after manufacturing data lowers June rate bets - Vimarsana News

Dollar higher after manufacturing data lowers June rate bets

The dollar rose on Monday on news that the U.S. manufacturing sector grew in March for the first time since September 2022, while the yen lingered below 152 per dollar over the threat of intervention... -April 01, 2024 at 03:29 pm EDT - MarketScreener