EUR/USD 1.15160
-0.192%
Gold 4078.54
0.016%
Oil 59.317
-0.086%
USD/JPY 157.307
0.094%
GBP/USD 1.30507
-0.058%
GBP/JPY 205.301
0.048%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On November 20th, YY.O Group released its financial report for the third quarter of 2025. In this quarter, YYs total revenue was US$540 million, a 6.4% increase quarter-over-quarter. Under non-GAAP accounting standards, YYs Q3 operating profit reached US$41 million, a 16.6% year-over-year increase and a 6.1% quarter-over-quarter increase. In the third quarter, the Groups operating cash flow reached US$73 million, and as of September 30th, net cash reached US$3.32 billion. Regarding shareholder rewards, from January 1st to November 14th, 2025, YYs cumulative share repurchases and dividend payments amounted to approximately US$237 million.A Reuters poll shows 53% of economists expect the Bank of Japan to raise interest rates to 0.75% in December. Economists unanimously believe the Bank of Japan will raise rates to at least 0.75% before the end of the first quarter of next year. Wage increases in labor negotiations next year are expected to be 4.90%, lower than this years 5.25%.November 20th - Despite Trumps repeated mentions of providing $2,000 to low- and middle-income families and his claim that the funds would come from tariff revenue, his party colleagues are generally lukewarm about the plan, questioning its ability to secure congressional approval to deliver on its promise. Several Republican members of Congress have stated they prefer using tariff revenue to reduce the fiscal deficit rather than directly distributing cash. With US public debt nearing historic highs, lawmakers believe the priority should be strengthening fiscal discipline, not restarting the "money-giving" model. Furthermore, some lawmakers are considering using tariff revenue to extend subsidies under the Affordable Care Act. This subsidy expires on December 31st, and failure to renew it would lead to a surge in insurance premiums for millions of Americans.Market news: The White House has asked Congress to reject a bill restricting Nvidias exports.Jinlu Electronics: The companys PCB products are used in battery management systems, but it does not produce lithium batteries.

EUR/USD Struggles Below 1.0700 As US Data Fuel Hawkish Fed Predictions, Lagarde of the ECB Supports Higher Interest Rates

Daniel Rogers

Feb 16, 2023 14:51

 EUR:USD.png

 

The EUR/USD pair approaches 1.0690 but struggles to prolong the recovery from late Wednesday to early Thursday. Notwithstanding, the major currency pair dropped the most in a week as US data bolstered Fed bets and pushed US Treasury bond yields and the US Dollar to multi-day highs. Christine Lagarde's recent hawkish comments on the European Central Bank (ECB) looked to have strengthened prices.

 

In spite of this, US 10-year Treasury bond yields surged to a fresh six-week high, and the US Dollar Index (DXY) also climbed to a 1.5-month high, as key US data suggested the Federal Reserve (Fed) may increase interest rates further.

 

As announced on Wednesday, January US Retail Sales growth increased to 3.0% from 1.8% expected and -1.0% earlier. In addition, Retail Sales excluding Automobiles grew by 2.3% during the same month, exceeding experts' projections of growth of 0.8%. Similarly, the New York Empire State Manufacturing Index for February increased to -5.8 from -18.0 and market forecasts of -32.9. Alternately, US Industrial Production reported 0.0% MoM figures for January, contrary to analysts' expectations of 0.5% and prior readings of -0.7%, but failed to quell hawkish attitude surrounding the Federal Reserve's (Fed) next move.

 

According to Reuters' FEDWATCH tool, market wagers on the Fed's next moves indicate that US central bank rates will peak around 5.25 percent in July, as opposed to the Federal Reserve's December prediction of 5.10 percent.

 

Lagarde of the ECB, on the other hand, stated that despite the fact that the majority of indicators of longer-term inflation expectations are currently hovering around 2%, these indices require constant monitoring. The policymaker stated, "Price pressures remain elevated, and underlying inflation is elevated," while signaling her intent to increase rates by 50 basis points at the March meeting.

 

Wall Street benchmarks concluded the trading day with small increases, but S&P 500 Futures are reluctant to follow suit.

 

In the near future, the ECB's monthly speech and several ECB speakers will complement the secondary US housing market, industrial activity, and producer pricing data to create an intriguing day.


Suggestion