Markets raise odds for Federal Reserve rate hike after inflation report

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The post Canadian Dollar hits fresh monthly lows as the US Dollar rallies in risk-off markets appeared on BitcoinEthereumNews.com. The Canadian Dollar (CAD) extends losses against the US Dollar (USD) for the fourth consecutive day on Friday, with the USD/CAD pair trading in the mid-range of the 1.3700s after rallying about 0.5% so far this week. A combination of risk-off markets and higher US Treasury yields amid growing expectations of Federal Reserve (Fed) rate hikes is providing ideal conditions for Greenback buyers. The summit between US President Donald Trump and Chinese President Xi Jinping has delivered more compliments than concrete agreements, but given the controversial issues of Iran and Taiwan looming over the meeting, a friendly outcome has been considered enough to provide a further boost to the US Dollar. The Greenback has been drawing support from US macroeconomic data this week, as the strong US inflationary numbers, coupled with resilient Retail Sales figures, have pr

The Fed's hawkish shift could strain economic growth, impact crypto liquidity, and challenge inflation control, altering future rate strategies. The post Federal Reserve faces hawkish shift in rate outlook as Iran war reshapes inflation expectations appeared first on Crypto Briefing.

The post Euro refreshes monthly low against US Dollar as traders price out dovish Fed bets appeared on BitcoinEthereumNews.com. The Euro (EUR) trades sharply lower against the US Dollar (USD) around 1.1630 during the European trading session on Friday, the lowest level seen in over a month. The EUR/USD pair faces intense selling pressure as the US Dollar (USD) outperforms across the board due to firm expectations that the Federal Reserve (Fed) will not cut interest rates this year. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.32% 0.41% 0.05% 0.20% 0.86% 1.00% 0.25% EUR -0.32% 0.08% -0.26% -0.13% 0.54% 0.72% -0.06% GBP -0.41% -0.08% -0.34% -0.21% 0.46% 0.62% -0.15% JPY -0.05% 0.26% 0.34% 0.16% 0.80% 0.96% 0.20% CAD -0.20% 0.13% 0.21% -0.16% 0.64% 0.78% 0.05% AUD -0.86% -0.54% -0.46% -0.80% -0.64% 0.17% -0.61% NZD

The post Brent: Supply risk keeps prices elevated – Deutsche Bank appeared on BitcoinEthereumNews.com. Deutsche Bank’s macro strategy team notes that Brent Oil remains supported by geopolitical tensions and supply concerns. Comments from President Trump about the Strait of Hormuz have reinforced fears of a prolonged disruption, driving prices higher overnight. While Brent was little changed in the previous session, late gains contributed to a more hawkish repricing of Federal Reserve expectations. Geopolitics and Fed repricing drive Oil “As we go to press this morning, markets have lost momentum after President Trump said the US doesn’t need the Strait of Hormuz open “at all”. So that’s added to fears that the Strait will remain blocked for some time, leading to a more protracted energy shock for the global economy.” “Indeed, Brent crude oil prices are up another +1.21% overnight to $107.00/bbl.” “In the meantime, oil prices were little changed yesterday, with Brent crude (+0.09%) clos

The post Hungarian Forint: Swap move flags MNB easing risk – Commerzbank appeared on BitcoinEthereumNews.com. Commerzbank’s Tatha Ghose notes that the National Bank of Hungary (MNB) cut the implied rate on EUR liquidity swaps, effectively a 50 bp easing signal that widens the gap to the base rate. While the Monetary Policy Committee (MPC) kept the policy rate unchanged and maintains a wait‑and‑see stance, the June Inflation Report could open the door to cuts. The bank does not expect this to hurt the Forint given strong real rates and supportive politics. NBH swap cut prefaces possible rate easing “The National Bank of Hungary (MNB) reduced the implied interest rate on its EUR-liquidity swaps with domestic banks on Wednesday, a move widely seen as a precursor to monetary easing.” “This translates to roughly 50bp rate cut, widening the gap of the swap rate versus the main policy rate to 1pp.” “While not a formal change to the base rate, this can be interpreted as an implicit acknowledge

The post Forex Today: US Dollar extends rally on hawkish Fed repricing appeared on BitcoinEthereumNews.com. Here is what you need to know on Friday, May 15: The US Dollar (USD) Index extends its rally and remains on track to post its largest weekly gain in two months as markets reassess the Federal Reserve’s (Fed) policy outlook. In the second half of the day, the US economic calendar will feature Industrial Production data for April and NY Fed’s Empire State Manufacturing Index for May. Following the stronger-than-forecast consumer and producer inflation data earlier in the week, US Treasury bond yields rose sharply and boosted the USD. As of writing, the benchmark 10-year US T-bond yield was sitting at its highest level in nearly a year above 4.5%, while the USD Index was up 1.3% for the week at 99.10. According to the CME FedWatch Tool, markets are currently pricing in about a 50% probability of the Fed raising the policy rate at least once by end-2026. In the meantime, US stock ind

The Fed's bid for 10-year notes could shift capital flows, impacting borrowing costs and risk asset valuations, including cryptocurrencies. The post Federal Reserve bids $10B for 10-year notes, and crypto markets should pay attention appeared first on Crypto Briefing.