Global central banks are starting to break away from the pack as rate cuts roll out across Europe while borrowing costs in the U.S. may stay higher for longer, which is lifting the dollar.
Some relief came earlier this month, when the Federal Reserve assured markets it was still looking to eventually cut rates and a U.S. employment report showed signs of cooling in the labor market. Thursday’s first-quarter growth figures will reveal whether the Japanese economy began 2024 on a strong footing, especially since the Bank of Japan in March made a landmark exit from negative interest rates - kickstarting a tentative virtuous cycle of rising wages and prices.
Currencies bearing low rates get punished extra hard, leaving the Japanese yen and Swiss franc as the biggest laggards, down around 8% each this year. April home price data on May 17 will be the next barometer of health for the beleaguered sector which has been engulfed by a debt crisis for about three years now, leaving property developers on the brink of collapse.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Sumber: globebusiness - 🏆 31. / 66 Baca lebih lajut »
Sumber: globeandmail - 🏆 5. / 92 Baca lebih lajut »
Sumber: globebusiness - 🏆 31. / 66 Baca lebih lajut »