Currencies hold tight ranges as market awaits more U.S. rate cues

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Foreign Exchange Market

But overall moves in the foreign exchange market were muted as traders awaited fresh hints on the state of the world's largest economy. Investors are...

But overall moves in the foreign exchange market were muted as traders awaited fresh hints on the state of the world's largest economy. Investors are unanimous in bets that the Federal Reserve will begin cutting interest rates next month following Chair Jerome Powell's dovish tilt last week, with the debate now centred on whether or not it will be a super-sized 50-basis point cut. A preliminary estimate for U.S.

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Emerging stocks, currencies diverge as markets price U.S. Fed easingThe benchmark indexes for emerging-market equities and currencies, respectively, moved in opposite directions Monday, deepening a trend that emerged last week, when their short-term correlation was interrupted for the first time in 21 years.
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