Bitcoin was the notable mover as it reached for one-month highs on Monday, sustaining its rally after the Federal Reserve's super-sized rate cut last week...
SINGAPORE - Bitcoin was the notable mover as it reached for one-month highs on Monday, sustaining its rally after the Federal Reserve 's super-sized rate cut last week, while the yen and most other major currencies stagnated with Japan ese markets on holiday.
Bitcoin was up 0.8% above $63,200 and not far from one-month highs. The Australian dollar was flat around $0.68, digesting its rise of more than 3% in less than two weeks. The U.S. Treasury yield curve has been steepening after the Fed's rate cut, and investors added to bets favoring a second outsized rate cut after Fed Governor Christopher Waller said on Friday he was worried inflation may soon be running substantially below the central bank's 2% target.Meanwhile, the majority of economists polled by Reuters anticipate two more 25 bps rate cuts at the Fed's final two meetings this year.
Sanae Takaichi - who would become the nation's first female premier - is a reflationist who has accused the Bank of Japan of raising rates too soon. Shigeru Ishiba has said the central bank is "on the right policy track", while Shinjiro Koizumi, son of charismatic ex-premier Junichiro Koizumi, has so far only said he will respect the BOJ's independence.
The pound was down 0.1% at $1.3310, staying near highs it hit on Friday after the release of strong British retail sales data.Oil edges up following US rate cut move, geopolitical concerns
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New hybrid work rules for federal employees kick in MondayOn Monday, federal public servants will return to the office a minimum of three days a week— if grudgingly.
Read more »
Despite union protest, new hybrid work rules for federal employees kick in MondayOTTAWA — On Monday, federal public servants will return to the office a minimum of three days a week— if grudgingly. Public service unions will start the week with an early-morning rally opposing the policy.
Read more »
Despite union protest, new hybrid work rules for federal employees kick in MondayOTTAWA — On Monday, federal public servants will return to the office a minimum of three days a week— if grudgingly. Public service unions will start the week with an early-morning rally opposing the policy.
Read more »
Despite union protest, new hybrid work rules for federal employees kick in MondayOTTAWA — On Monday, federal public servants will return to the office a minimum of three days a week— if grudgingly. Public service unions will start the week with an early-morning rally opposing the policy.
Read more »
Despite union protest, new hybrid work rules for federal employees kick in MondayPublic service unions will start the week with an early-morning rally opposing the policy
Read more »
Despite union protest, new hybrid work rules for federal employees kick in MondayOTTAWA — On Monday, federal public servants will return to the office a minimum of three days a week— if grudgingly. Public service unions will start the week with an early-morning rally opposing the policy.
Read more »