The dollar was broadly flat
against major currencies on Wednesday ahead of an
eagerly-awaited Federal Reserve policy decision that investors
hope will signal the end of the U.S. central bank's ...
Asia's stockmarkets steadied on Wednesday, with signs of a slowdown in U.S. wages bolstering hopes that the Federal Reserve could hint at an end to interest rate hikes at its meeting later in the day.
Asia's stock markets steadied on Wednesday, with signs of a slowdown in U.S. wages bolstering hopes that the Federal Reserve could hint at an end to interest rate hikes at its meeting later in the day.
* U.S. wage growth moderates, Wall Street rallies. * MSCI AxJ index up 0.6%; dollar flat. * All eyes on 1900 GMT Fed announcement. By Tom Westbrook. Asia's stockmarkets steadied on Wednesday, with signs of a slowdown in U.S. wages bolstering hopes that the Federal Reserve could hint at an end to interest rate hikes at its meeting later in the day.
The dollar was broadly flat against major currencies on Wednesday ahead of an eagerly-awaited Federal Reserve policy decision that investors hope will signal the end of the U.S. central bank's interest rate hiking cycle. After a series of jumbo rate hikes in 2022 to tame inflation, the market is all but certain of a 25 basis points increase in interest rates later on Wednesday.
The dollar was broadly flat
against major currencies on Wednesday after easing in the
previous session following U.S. data that showed moderating wage
pressure, with investors keenly awaiting the ...
Oil prices climbed on Wednesday underpinned by a weaker dollar, which fell on signs of slowing inflation in the United States, easing fears that the world's largest oil user may face a recession because of further interest rate hikes.
The dollar fell on Tuesday, giving up earlier gains, after data showed U.S. labor costs increased less than expected in the fourth quarter, and before the Federal Reserve is expected to hike rates by 25 basis points on Wednesday. The Employment Cost Index, the broadest measure of labor costs, rose 1.0% last quarter.
* Canadian dollar strengthens 0.6% against the greenback. * For the month, it was up 1.9% * Canadian economy likely grows 1.6% in fourth quarter. * Canada-U.S. 2-year spread narrows by 8.3 basis points. By Fergal Smith.
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