Currencies take a breather as investors await Fed rate decision

SINGAPORE, Feb 1 — The dollar was broadly flat against major currencies today ahead of an eagerly-awaited Federal Reserve policy decision that investors hope will signal the end of the US central bank’s interest rate hiking cycle.

The index has fallen for four straight months. As investors price in the Fed reaching the end of its rate-hike cycle, the index is far from the 20-year high of 114.78 it touched on September 28. Investor attention this week will also be on the monetary path taken by European Central Bank and Bank of England, each of which is expected to raise interest rates by 50 bps tomorrow.

“The expectations of a soft landing have picked up since the start of the year, relative to the rising recession bets seen in second half of last year,” Saxo Markets strategists said.

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Covid-19: Should Singapore lift mask-wearing rule on public transport, healthcare venues? Experts think soSINGAPORE, Feb 1 — As the Covid-19 situation in Singapore and around the world has stabilised, infectious disease experts here are saying that now is a good time to do away...
Source: malaymail - 🏆 1. / 86 Read more »

Continuous rain warning for four states until Feb 1KUALA LUMPUR: The Malaysian Meteorological Department (MetMalaysia) has issued orange and yellow alerts for several areas in Sarawak, Sabah, Pahang and Johor until Feb 1.
Source: staronline - 🏆 4. / 75 Read more »