Bonds rally, dollar firms as traders ponder rate cuts

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:Government bonds rallied on Tuesday as euro zone inflation data boosted the case for faster European Central Bank rate cuts, while the dollar firmed after comments by Federal Reserve Chair Jerome Powell reined in bets on a second big U.S. rate cut. Oil prices fell even as Middle Eastern tensions escalated after Israel's ground incursion in Lebanon appeared to be getting underway. Euro zone inflation data helped the bond rally as it came in below the ECB's 2 per cent target, boosting the case

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Bonds rally, dollar firms as traders ponder rate cuts https://www.channelnewsasia.com/ - 01.10.2024 06:01

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Bonds rally, dollar firms as traders ponder rate cuts https://www.channelnewsasia.com/ - 01.10.2024 06:01