Data on Thursday showed US consumer spending increased slightly more than expected in September
The dollar eased broadly on Thursday after US data suggested upward price pressures continue to ease, keeping Federal Reserve policy-makers on track to cut short-term US borrowing costs by a quarter percentage point next week.
The Fed is likely to go ahead with cutting short-term US borrowing costs by a quarter percentage point next week, traders bet on Thursday, with futures contracts settling to the Fed’s policy rate putting the chances of a 25 basis point cut next week at about 94%.was stronger after data showed the bloc’s inflation accelerated more than expected in October, bolstering the case for caution in European Central Bank interest rate cuts.
Traders were also likely taking the opportunity to book profits after the dollar’s strong run in recent weeks, Brown said.Attention now turns to Friday’s closely watched nonfarm payrolls report and next week’s US Presidential Election on Tuesday.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SIU to investigate SABC and TNA Breakfast Briefings agreement - SABC News - Breaking news, special reports,SIU to investigate serious maladministration in connection with the affairs of the SABC and TNA.
Read more »
Man United sack Ten Hag, Van Nistelrooy takes interim charge - SABC News - Breaking news, special reports,The 54-year-old Dutchman's job was the subject of speculation for most of last season
Read more »
Nigeria targets diaspora cash, $1 bln monthly remittances - SABC News - Breaking news, special reports,Nigeria is considering a diaspora bond in the United States next year.
Read more »
LaLiga, Real take action after racist insults at Barca players - SABC News - Breaking news, special reports,17-year-old Barcelona forward Lamine Yamal was targeted with xenophobic and racist abuse
Read more »
Ivory Coast former minister seeks presidential nomination - SABC News - Breaking news, special reports, Ivory Coast's former trade minister Jean-Louis Billon seeks presidential nomination.
Read more »
Local spaza shops close due to lack of support: Contralesa - SABC News - Breaking news, special reports,The children died after consuming snacks allegedly bought from a local spaza shop.
Read more »