Asian Currencies Consolidate Amid Mixed Signals
0213 GMT – Asian currencies consolidate against the USD in the morning session amid mixed signals. The U.S. ISM Prices Paid component is now at the lowest…
Source: biztoc.com
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Economists See India's First Rate Cut in 2024 for Durable Growth
Economists see India’s central bank holding interest rates this year before cutting 25 basis points in the first quarter of next year as inflation moderates and the economy stays resilient, according to the latest Bloomberg survey results.
Source: bqprime.com
Economists see India's first rate cut in 2024 for durable growth
The benchmark repo rate is currently at 6.5% and the estimate for a quarter-point cut in January-March 2024 compares with a previous projection of a 50 basis point reduction. The rates could be lowered again in the following quarter, bringing the levels to 6%.
Source: moneycontrol.com
Asian Currencies Consolidate but May Strengthen on Signs of Cooling U.S. Inflation
0215 GMT — Asian currencies consolidate against USD in the morning session but may strengthen on signs of cooling U.S. inflation. The CPI data released…
Source: biztoc.com
JPY Weakens Ahead of BOJ Decision
0208 GMT – The JPY weakens against other G-10 and Asian currencies in the morning session ahead of the BOJ ’s decision. MUFG Bank’s global FX strategy team…
Source: biztoc.com