The dollar is near its highest level since November as the yen reaches its lowest level since 1990. Concerns about intervention arise as the US retail sales exceed expectations. Attention is also on the Chinese yuan as economic data is expected to show a slowdown in the first quarter.
TOKYO - The dollar stood just off its highest since early November against a handful of peer currencies on Tuesday, raising intervention worries as the yen languished at its lowest level since 1990 following hotter-than-expected U.S. retail sales .
Markets are now pricing in a 41% chance of the Fed cutting rates in July, compared with around 50% before the data, according to CME FedWatch tool. The likelihood of the first cut coming in September has bumped up to nearly 46%. The U.S. dollar index touched 106.27, the highest since Nov. 2, after the data. It last hovered around 106.23.
"How it reacts around that level should provide a good indication of whether have thrown in the towel with intervention." Screaming Into the Void Despite an astronomical number of red flags, investors who poured their hard-earned cash into former president Donald Trump's Truth Social meme stock are experiencing a rude awakening.
The energy sector is ripe for fresh gains due to attractive valuations, investor positioning, and structural tailwinds, David Rosenberg said.If you've ever wondered how the truly wealthy amassed their fortunes, you're not alone. Surprisingly, it isn't solely their formidable entrepreneurial instincts or innate talent for disrupting...Likely market reaction after Iran attacks Israel
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