EUR/USD
1.16487
0.044%
Gold
4212.22
0.241%
Oil
59.218
-1.099%
USD/JPY
155.604
0.198%
GBP/USD
1.33146
-0.134%
GBP/JPY
207.185
0.064%
Real-time News
Bank for International Settlements: Non-US investors still face the risk of potential dollar losses.Bank for International Settlements: The dollar hedging ratio remains quite low, but it is likely to rise as US interest rates decline.December 8th - Dutch international interest rate strategists stated that global interest rates may soon test higher levels. The Federal Reserve is expected to cut rates, but may be cautious about the prospect of further rate cuts, which could put some pressure on yields. "The Fed will release new economic projections, and we expect it to maintain its median forecast of only one more rate cut in 2026." However, they also stated that volatility in the bond market should be limited, as there is currently a lack of a "strong catalyst" to drive yields significantly higher.On December 8th, Candriams Chief Economist Florence Pisani and Global Head of Bonds Philippe Dehoux stated in a report that the US Treasury yield curve could steepen by 50 to 100 basis points if the Federal Reserves independence is questioned. They explained that damage to the Feds credibility would lead to lower short-term yields, reflecting market expectations of a larger cut in key interest rates; however, long-term yields would rise as investors would demand a higher term premium to compensate for uncertainty surrounding monetary policy consistency and the Feds ability to control inflation.The EU has stated that Meta Platforms (META.O) will give EU users the option to choose personalized advertising.
