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: 2024.09.10
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DXY: A relief rebound after a bad week - DBS
Breaking news
DXY: A relief rebound after a bad week - DBS
New
2024.09.10 19:35
2024.09.10 19:35
2024.09.10 19:35
The Dollar Index (DXY) consolidates near the top end of its three-week range (100.5 and 101.9), DBS FX strategist Philip Wee notes.
DXY is near the top of a three-week range
"DXY may consolidate following a two-day rebound near the top end of its three-week range (100.5 and 101.9)."
"The US Treasury 2Y yield rose by 2.3 bps to 3.67% after four consecutive sessions of declines. Overnight, the Dow, S&P 500, and Nasdaq Composite indices each gained 1.2%, stabilizing after their worst weekly sell-off this year."
"The futures market believes that the Fed needs to act more forcefully with a 50-bps cut at next week's FOMC meeting to counter US recession fears tied to a cooling labour market."
Last updated
: 2024.09.10
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PBOC sets USD/CNY reference rate at 7.0644 vs. 7.0983 previous
On Friday, the People's Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.0644, as compared to the previous day's fix of 7.0983 and 7.0637 Reuters estimates.
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The People's Bank of China (PBOC), China's central bank, announced to leave its Loan Prime Rates (LPRs) unchanged on Friday.
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2024.09.20 09:12Japan's National CPI climbs 3.0% YoY in August, Core CPI rises as expected
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2024.09.20 08:32US Treasury Sec. Yellen: The Fed rate cut is very positive sign for the economy
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2024.09.20 08:12GBP/USD tests 1.33 as Greenback weakness prevails
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2024.09.20 08:00Disclaimer:
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