US recap: Euro dips as dollar hits 12-week high
Oct 22 (Reuters) -The dollar ticked higher Tuesday amid oil price gains and firmer Treasury yields after the International Monetary Fund lifted its U.S. growth forecasts for the next two years.
The organization revised its 2024 U.S. growth forecast upward, while boosting its 2025 forecast as well. However, it lowered its GDP estimates for China, Japan and the euro zone and warned about the risks of a trade war as the U.S. election campaign heats up.
The euro eased after European Central Bank policymakers, including President Christine Lagarde, said Euro zone inflation may fall quicker than previously thought, supporting the case for further rate cuts. ECB policymaker Mario Centeno called for a “gradual, steady and predictable reduction in interest rates" to their neutral level, which he said was "maybe 2% or slightly lower".
The pound dipped even as Bank of England rate-setter member Megan Greene downplayed the sharp fall in British consumer prices in September, saying it was mostly linked to volatile components.
Russian President Vladimir Putin and Chinese President Xi Jinping discussed Ukraine and other global issues during a meeting on the sidelines of a BRICS summit on Tuesday. Indian Prime Minister Narendra Modi will meet Xi on Wednesday.
Oil jumped as investors weighed the impact of China's stimulus measures and renewed efforts by U.S. Secretary of State Antony Blinken to get a ceasefire in Gaza. China raised its oil import quota for non-state-owned firms for 2025.
The Australian dollar outperformed its G-10 peers amid broadly higher commodity prices.
Treasury yields were up 1 to 4 basis points amid a flattening of the curve. The 2s-10s curve was down less than 1 basis point to +15.5bps.
The S&P 500 eased 0.16% as rate-sensitive sectors fell.
Oil rallied 2.7% and topped it 21-day moving average. Gold was up 0.9% and sets a fresh record amid U.S. election and Middle East concerns
Copper rose 0.73% as LME warehouse inventories dropped to a 77-day low.
Heading toward the close: EUR/USD -0.09%, USD/JPY +0.18%, GBP/USD -0.05%, AUD/USD +0.36%, DXY +0.06%, EUR/JPY +0.06%, GBP/JPY +0.09%, AUD/JPY +0.54%.
For more click on FXBUZ
Editing by Terence Gabriel
Reporting by Robert Fullem
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
