Tame US June CPI Smoothes Path for Fed Ease

July 11 Reuters U.S. consumer prices unexpectedly fell in June and the annual increase was the smallest in a year, reinforcing views that the disinflation trend was back on track and drawing the Federal Reserve another step closer to cutting interest rates. The consumer price index dipped 0.1 last month after being unchanged in May, […]
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Asian FX Bears Ease as U.S. Rate Cut Bets Solidify Poll

Short bets on Thai baht, Singapore dollar lowest in 6 months Short position on Philippine peso ease to 3monthlow Bearish bets on Indonesian rupiah lowest since March July 11 Reuters Short positions on most Asian currencies eased, as rising expectations of at least two rate cuts by the U.S. Federal Reserve this year and an […]
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South African Rand Gains, Focus on U.S. Inflation Data

JOHANNESBURG, July 11 Reuters The South African rand was stronger in early trading on Thursday, as investors focused on key U.S. inflation data for hints on the future interest rate path of the world39;s biggest economy. At 0753 GMT, the rand traded at 18.0650 against the dollar , around 0.3 stronger than its previous close. […]
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