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Dollar claws back losses after Fed goes big on rate cut

FOREX-Dollar claws back losses after Fed goes big on rate cut Updates at 0440 GMT By Rae Wee SINGAPORE, Sept 19 (Reuters) - The U.S. dollar rose broadly on Thursday, reversing a brief tumble in the immediate aftermath of the Federal Reserve's outsized interest rate cut that had been largely priced in by markets. The U.S. central bank on Wednesday kicked off its monetary easing cycle with a larger-than-usual half-percentage-point reduction that Chair Jerome Powell said was meant to show policymak
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Australia, NZ dollars draw support from data surprises

Australia, NZ dollars draw support from data surprises By Wayne Cole SYDNEY, Sept 19 (Reuters) - The Australian dollar recouped early losses on Thursday as an upbeat jobs report helped offset broad gains in its U.S. counterpart, while news on the New Zealand economy proved slightly less dire than feared. The Aussie was back at $0.6765 AUD=D3 , off a low of $0.6738. It had briefly been as high as $0.6820 overnight after the Federal Reserve cut U.S.
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Dollar rebounds after Fed goes big on rate cut

FOREX-Dollar rebounds after Fed goes big on rate cut By Rae Wee SINGAPORE, Sept 19 (Reuters) - The U.S. dollar rose broadly on Thursday, recovering from an earlier tumble in the immediate aftermath of the Federal Reserve's outsized interest rate cut that had been largely priced in by markets. The U.S. central bank on Wednesday kicked off its monetary easing cycle with a larger-than-usual half-percentage-point reduction that Chair Jerome Powell said was meant to show policymakers' commitment to s
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Dollar gains ground after Fed delivers bumper 50 basis point rate cut

FOREX-Dollar gains ground after Fed delivers bumper 50 basis point rate cut Federal Reserve delivers cut of 50 basis points Traders pricing in more 2024 cuts of nearly 70 basis points Yield curve hits steepest level in more than two years Adds details from Powell press conference By Karen Brettell and Chibuike Oguh NEW YORK, Sept 18 (Reuters) - The dollar edged higher in choppy trading after the Federal Reserve on Wednesday cut interest rates by half a percentage point, citing greater confidence
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Asia Morning Call-Global Markets

UPDATE 1-Asia Morning Call-Global Markets Sept 19 (Reuters) - Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 8142.1 1.2 NZX 50** 12586.98 -84.97 DJIA** 41494.29 -111.89 NIKKEI** 36380.17 176.95 Nasdaq** 17604.524 -23.537 FTSE** 8253.68 -56.18 S&P 500** 5623.56 -11.02 Hang Seng** 17660.02 237.9 SPI 200 Fut 8121 -29 STI** 3592.42 -1 SSEC** 2717.2813 13.1917 KOSPI** 2575.41 3.32 ---------------------------------------------------------------------------------------- Bonds Net Chng Bond
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US recap: EUR/USD firms as Fed goes big with first rate cut

BUZZ-COMMENT-US recap: EUR/USD firms as Fed goes big with first rate cut Sept 18 (Reuters) - The dollar index dipped briefly to a new year-to-date low after the Fed Reserve, in an 11-1 vote, lowered its policy rate by 50 basis points Wednesday to 4.75%-5.00% range, more than economists expected. The central bank’s dot plot projections were lowered across tenors with Fed funds seen at 4.4% by the end of 2024 and 3.4% at end of 2025. Fed Chair Jerome Powell said the labor market has cooled but t
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Dollar drops as Fed cuts rates by half a percentage point

CORRECTED-FOREX-Dollar drops as Fed cuts rates by half a percentage point Corrects to yuan strengthened versus dollar instead of yuan down in paragraph 8 By Karen Brettell and Chibuike Oguh NEW YORK, Sept 18 (Reuters) - The dollar dropped after the Federal Reserve on Wednesday cut interest rates by half a percentage point, citing greater confidence that inflation will continue to recede to the U.S.
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Asia Morning Call-Global Markets

Asia Morning Call-Global Markets Sept 19 (Reuters) - Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 8142.1 1.2 NZX 50** 12586.98 -84.97 DJIA 41871.22 265.04 NIKKEI** 36380.17 176.95 Nasdaq 17777.731 149.67 FTSE** 8253.68 -56.18 S&P 500 5674.05 39.47 Hang Seng** 17660.02 237.9 SPI 200 Fut 8115 -35 STI** 3592.42 -1 SSEC** 2717.2813 13.1917 KOSPI** 2575.41 3.32 ---------------------------------------------------------------------------------------- Bonds Bonds JP 10 YR Bond 0.825 0 KR
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Dollar drops as Fed cuts rates by half a percentage point

FOREX-Dollar drops as Fed cuts rates by half a percentage point NEW YORK, Sept 18 (Reuters) - The dollar dropped after the Federal Reserve on Wednesday cut interest rates by half a percentage point, citing greater confidence that inflation will continue to recede to the U.S. central bank's 2% annual target. The Fed cut the overnight rate to the 4.75%-5.00% range and policymakers see the Fed's benchmark rate falling by another half of a percentage point by the end of this year, another full perce
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US dollar edges lower as traders await Fed rate cut decision

FOREX-US dollar edges lower as traders await Fed rate cut decision New throughout, updates headline and prices, adds analyst comment By Chibuike Oguh NEW YORK, Sept 18 (Reuters) - The U.S. dollar edged lower against major currencies on Wednesday, giving up some of its overnight gains, as traders braced for the Federal Reserve's much-anticipated decision to cut interest rates.
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Dollar cedes ground to yen ahead of Fed decision

FOREX-Dollar cedes ground to yen ahead of Fed decision Updates prices, adds analyst comment By Tom Westbrook London, Sept 18 (Reuters) - The dollar surrendered some of its overnight gains against the yen on Wednesday, as investors tweaked their positions ahead of a policy meeting expected to initiate a U.S. easing cycle. The Federal Reserve is expected to make its first interest rate cut in more than four years at 1800 GMT, with markets pricing a 63 % probability of a 50 basis point cut.
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Dollar cedes to yen ahead of Fed decision

FOREX-Dollar cedes to yen ahead of Fed decision Updates prices at 0830 GMT, adds analyst comment By Tom Westbrook London, Sept 18 (Reuters) - The dollar shed some of its overnight gains against the yen on Wednesday, as investors made last-minute tweaks to positions ahead of a policy meeting expected to initiate a U.S. easing cycle. The Federal Reserve is expected to make its first interest rate cut in more than four years at 1800 GMT, with markets pricing a 61% probability of a 50 basis point cu
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Dollar wobbles ahead of Fed decision

FOREX-Dollar wobbles ahead of Fed decision Updates prices By Tom Westbrook SINGAPORE, Sept 18 (Reuters) - The dollar wavered on Wednesday, while the yen regained some lost ground as investors made last-minute tweaks to positions ahead of a policy meeting expected to begin a U.S. easing cycle. The Federal Reserve is expected to make its first interest rate cut in more than four years at 1800 GMT, with markets pricing a 2/3 probability of a 50 basis point cut.
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Dollar wobbles toward Fed decision

FOREX-Dollar wobbles toward Fed decision Updates prices By Tom Westbrook SINGAPORE, Sept 18 (Reuters) - The dollar wavered on Wednesday, while the yen regained some lost ground as investors made last-minute tweaks to positions ahead of a policy meeting expected to begin a U.S. easing cycle. The Federal Reserve is expected to make its first interest rate cut in more than four years at 1800 GMT, with markets pricing a 2/3 probability of a 50 basis point cut.
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Australian dollar hits two-week peak before Fed rate verdict

Australian dollar hits two-week peak before Fed rate verdict SYDNEY, Sept 18 (Reuters) - The Australian dollar hit a two-week top on Wednesday due to wagers that the Federal Reserve could kick-start its easing cycle with a big move, although that is far from certain and those gains could easily evaporate. The Aussie AUD=D3 climbed to as far as $0.6773, the highest since Sept.
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Dollar catches footing ahead of Fed

FOREX-Dollar catches footing ahead of Fed By Tom Westbrook SINGAPORE, Sept 18 (Reuters) - The dollar steadied on Wednesday as stronger-than-expected U.S. retail sales had traders slightly trimming bets that the U.S. easing cycle will begin with an outsized interest rate cut. The Federal Reserve is expected to make its first interest rate cut in more than four years at 1800 GMT, which will be followed by a news conference half an hour later.
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Asia Morning Call-Global Markets

UPDATE 1-Asia Morning Call-Global Markets Sept 18 (Reuters) - Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 8140.9 19.3 NZX 50** 12671.95 -32.44 DJIA** 41568.27 -53.81 NIKKEI** 36203.22 -378.54 Nasdaq** 17600.462 8.335 FTSE** 8309.86 31.42 S&P 500** 5627.73 -5.36 Hang Seng** 17660.02 237.9 SPI 200 Fut 8117 -33 STI** 3593.42 22.99 SSEC** 2704.0896 -13.0335 KOSPI** 2575.41 3.32 ---------------------------------------------------------------------------------------- Bonds Net Chng Bon
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US dollar strengthens ahead of expected Fed rate cut

FOREX-US dollar strengthens ahead of expected Fed rate cut Markets brace for likely first rate cut since March 2020 Traders pricing in more than 60% chance of a 50 bps cut Retail sales and other economic show stronger US economy Pound Sterling weakens as BOE set to hold rates Updates prices throughout, adds analyst comment By Chibuike Oguh NEW YORK, Sept 17 (Reuters) - The U.S.
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US dollar strengthens ahead of expected Fed rate cut

FOREX-US dollar strengthens ahead of expected Fed rate cut Markets brace for likely first rate cut since March 2020 Traders pricing in more than 60% chance of a 50 bps cut Retail sales and other economic show stronger US economy Pound Sterling weakens as BOE set to hold rates Updates prices throughout, adds analyst comment By Chibuike Oguh NEW YORK, Sept 17 (Reuters) - The U.S.
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Asia Morning Call-Global Markets

Asia Morning Call-Global Markets Sept 18 (Reuters) - Stock Markets Net Chng Stock Markets Net Chng S&P/ASX 200** 8140.9 19.3 NZX 50** 12671.95 -32.44 DJIA 41618.48 -3.6 NIKKEI** 36203.22 -378.54 Nasdaq 17622.47 30.343 FTSE** 8309.86 31.42 S&P 500 5633.16 0.07 Hang Seng** 17660.02 237.9 SPI 200 Fut 8121 -29 STI** 3593.42 22.99 SSEC** 2704.0896 -13.0335 KOSPI** 2575.41 3.32 ---------------------------------------------------------------------------------------- Bonds Bonds JP 10 YR Bond 0.815 -0.0
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