* Asian stock markets: https://tmsnrt.rs/2zpUAr4. * Nikkei rises 1%, Hong Kong up 1.5% after China PMIs beat f'casts. * 2-yr Treasuries enjoying biggest monthly rally since 2008. * Euro up 3% this month, yen 2.2% higher, Gold surges 8% * Markets waiting for U.S. PCE data. By Stella Qiu.
Stock indexes advanced on Thursday but finished below their session highs while the dollar declined as investors turned their focus to upcoming inflation data and the outlook for interest rate hikes. Longer-dated U.S. Treasury yields fell ahead of personal consumption expenditures data due out Friday.
Argentina's government is preparing a new plan set for next month that would allow a preferential exchange rate for the country's soybean exports, local media reported on Thursday, as the key global soy producer aims to spur shipments. The plan, first reported by Infobae citing Economy Minister Sergio Massa, was confirmed by a ministry official.
* Canadian dollar strengthens 0.2% against the greenback. * Touches its strongest level since Feb. 23 at 1.3517. * Price of U.S. oil settles 1.9% higher. * Bond yields trade mixed across a flatter curve. By Fergal Smith.
The South African rand jumped to a
six-week high on Thursday after its central bank surprisingly
raised interest rates above estimates, while the currencies of
Colombia and Mexico slipped as central ...
The U.S. dollar fell to a 1-week low against the euro on Thursday as German inflation data helped lift the common currency and as concerns over the banking sector receded. Inflation eased significantly in Germany in March on the back of lower energy prices but was above forecasts, adding pressure on the European Central Bank to further tighten its monetary policy.
The Swiss National Bank remains ready to intervene in the foreign currency markets to combat inflation despite hiking interest rates last week, governing board member Andrea Maechler said on Thursday. "In order to ensure appropriate monetary conditions, we remain prepared to be active on the foreign exchange market as needed," Maechler told an event in Zurich.
South Africa's rand jumped to a
six-week high on Thursday after its central bank raised interest
rates above expectations in a surprise move, with focus also on
central banks in Colombia and ...
By Saqib Iqbal Ahmed. The dollar slipped to a 1-week low against the euro on Thursday as German inflation data helped lift the common currency and as concerns over the banking sector receded. Inflation eased significantly in Germany in March on the back of lower energy prices but was above forecasts, adding pressure on the European Central Bank to further tighten its monetary policy.
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