Key Points
NEW YORK (Reuters) -The U.S. dollar edged higher on Thursday after data showed the worlds largest economy grew at a faster pace than expected in the fourth quarter, suggesting the Federal Reserve would be in no rush to cut interest rates amid a generally stable economy...
The euro, on the other hand, fell against the dollar, after mixed comments from European Central Bank President Christine Lagarde..
In the United States, the Bureau of Economic Analysiss advance GDP estimate showed that gross domestic product in the last quarter increased at a 3.3% annualized rate, compared with the consensus forecasts of growth at a 2.0% rate...
Post-data, U.S. rate futures market priced in a roughly 47% chance of easing at the March meeting, up from late Wednesdays 40% probability and the 80% chance factored in two weeks ago, according to LSEGs rate probability app...
Next week, the Fed is widely expected to stand pat but comments from Chair Jerome Powell will be intensely scrutinized to assess if the U.S. central bank is ready to start cutting interest rates...
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