U.S. Treasury Secretary Janet Yellen has barely made any public comment on the dollar's exchange rate since she assumed office in January last year, but she may have to find her voice soon.
By Jamie McGeever. U.S. Treasury Secretary Janet Yellen has barely made any public comment on the dollar's exchange rate since she assumed office in January last year, but she may have to find her voice soon.
Chile's economy grew at a fast clip in the first quarter of 2022 from a year earlier but contracted sharply in quarter-on-quarter terms, central bank data showed on Wednesday, prompting fears the country could be headed towards a recession.
Chile's economy expanded 7.2% in the first quarter of 2022 from a year earlier, central bank data showed on Wednesday, below an expected 7.9% jump, according to a Reuters poll of economists. Gross domestic product fell 0.8% from the previous three months in seasonally adjusted terms.
Zambia's central bank on Wednesday left its main lending rate unchanged at 9% as inflation slowed, Governor Denny Kalyalya told a news conference. However, Kalyalya said a projected grain deficit in some neighbouring countries coupled with reduced domestic surplus posed risks to inflation as it was likely to push prices up.
Zambia's central bank on Wednesday left its main lending rate unchanged at 9%, Governor Denny Kalyalya told a news conference, citing slowing inflation. Zambia's inflation stood at 11.5% in April, down from 13.1% in March.
analyst
* Dollar firms after three-session losing streak
* SPDR gold holdings drop for ninth consecutive day
(Recasts, updates details and prices)
By Bharat Gautam
May 18 (Reuters) ...
Damned if they do, damned if they don't. History is filled with governments pressuring central banks to underwrite boom times and political largesse with easy credit - so it's peculiar that monetary policymakers' long-prized operational independence is now being questioned because they left interest rates too low.
Being long dollars will no doubt become an overcrowded trade at some point and a reversal will ensue, but for hedge funds right now, there is no alternative. Funds have amassed their biggest bet in six months that the dollar will strengthen against the world's major currencies, and you can understand why.
Mexico's peso inched higher on Monday as
central bankers hinted at more interest rate hikes to control
surging inflation, while most other Latin American currencies
eked out gains with a ...
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