The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
NEW YORK/MILAN, April 9 - The dollar was little changed on Tuesday, trading in narrow ranges, with investors cautious ahead of U.S. inflation data, even as the yen hovered near multi-decade lows, keeping traders on alert for any possible action from Japan to prop up its currency.
For 2024, the fed funds futures has priced in about 65 basis points in cuts, or less than three rate decreases of 25 bps each. He noted the dollar has not found much traction ahead of the CPI data and despite adjustments on the interest rate outlook. "After upside surprises, there is an understandable caution over a potential weaker print that would quickly see June rate cut expectations increase again," Derek Halpenny, head of research global markets at MUFG Bank, said.
In other currencies, the dollar slipped 0.1% to 151.715 yen , not far from a 34-year high of 151.975 yen hit last month as Japanese officials continued trying to talk up the currency."While a break of 152.00 may not trigger forex intervention immediately, we would see a strong chance of the Ministry of Finance acting to prevent a move to 155.00," said Jane Foley, senior forex strategist at RaboBank.
Gold Silver Platinum Palladium PGM Platinum Group Metals Metals Precious Metals Mining News Crypto News Bitcoin News Ethereum News Mining News Interviews Economic Reports Forecasts Central Banks US Dollar Charts Tech Metals Rare Earth Metals Currency Global Economy International Policy Politics Bank Forecasts Market Nugget Mining Minutes Roundups
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2024 women's world hockey championship team by teamUTICA, N.Y. — A capsule look at the 10-country field for the 2024 women's world hockey championship April 3-14 in Utica, N.Y. (listed accorded to tournament seeding).
Read more »
2024 women's world hockey championship team by teamUTICA, N.Y. — A capsule look at the 10-country field for the 2024 women's world hockey championship April 3-14 in Utica, N.Y. (listed accorded to tournament seeding).
Read more »
2024 women's world hockey championship team by teamUTICA, N.Y. — A capsule look at the 10-country field for the 2024 women's world hockey championship April 3-14 in Utica, N.Y. (listed accorded to tournament seeding).
Read more »
Italy's Team Retornaz hands Canada's Team Gushue first loss at men's curling worldsItaly's Joel Retornaz drew the four-foot ring in an extra end for a 7-6 victory over Canada's Brad Gushue on Monday at the world men's curling championship.
Read more »
Olympics: Canada's men's basketball team in Group A, women's team in Group BThe Canadian men's and women's basketball teams can now begin their preparations for the Paris Olympics this summer knowing who they may be up against.
Read more »
Dollar pushes higher ahead of pivotal Fed meetingThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »