Key Points
LONDON/SYDNEY (Reuters) The dollar held steady against the euro on Tuesday as investors looked towards the European Central Banks rate decision and U.S. jobs numbers later in the week...
Bitcoin neared a record high as the latest bout of crypto-mania showed no signs of dimming, while Chinas yuan was little changed after Beijing laid down an ambitious economic growth target of around 5% for 2024, as widely expected...
Currencies appeared hamstrung in a very busy week of political and economic events, with the euro idling at $1.085, having earlier tested resistance around $1.0867...
Markets have kind of settled into an equilibrium, especially in the rates space, said Alvin Tan, head of Asia FX strategy at RBC Capital Markets, referring to high levels of correlation in global bond markets, which has reduced the opportunities for currencies to move...
Markets currently imply around a 65% chance the Fed will start cutting U.S. rates in June and expect the central bank to ease by around 75 basis points this year...
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