12/11/2023 0 Comments Of bets and debts last of us“There’s still quite a lot of data to flow under the bridge before we get to the June meeting.” “Whether the dollar sustains the rally that we’re seeing, I think it’ll depend on particularly the wages data, or average earnings within Friday’s payrolls report, and obviously we’ve got CPI before the Fed as well,” said Ray Attrill, head of FX strategy at National Australia Bank (NAB). The UK market is similarly closed on Monday for a holiday.Īgainst the dollar, the euro edged 0.02% higher to $1.0735, while sterling slipped 0.01% to $1.23495. Ten-year futures’ implied yield was 3.84%. Treasuries were untraded in Asia on Monday, owing to the Memorial Day holiday in the United States, while futures were broadly steady. Treasuries jumped on the back of the data, with the two-year yield, which typically reflects near-term interest rate expectations, rising to an over two-month high of 4.639% on Friday.Ĭash U.S. consumer spending increased more than expected in April and inflation picked up, adding to signs of a still-resilient economy.
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