Bonds Rally as Traders Reload Fed Bets After Data: Markets Wrap swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.
The dollar was licking wounds
against peer currencies on Friday after a downward revision to
U.S. GDP for the first quarter suggested room for rate cuts this
year, while investors braced for inflation. -May 30, 2024 at 08:57 pm EDT
- MarketScreener
Dollar Regroups Before Inflation Test; Yen Brushes off Tokyo CPI usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
LONDON (Reuters) -The dollar firmed on Friday as traders await key inflation data after a downward revision to first-quarter U.S. economic growth suggested the Federal Reserve could still be on track to cut interest rates this year. Meanwhile, the euro edged lower ahead of euro zone inflation data due at 0900 GMT, which could firm expectations for an European Central Bank rate cut next week. Investors are awaiting the release of the Fed's preferred measure of inflation, the Personal Consumption Expenditures (PCE) price index, due at 1230 GMT, for further indications on how the central bank might proceed.
US dollar regroups before inflation test; yen brushes off Tokyo CPI malaymail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaymail.com Daily Mail and Mail on Sunday newspapers.