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Global markets react to shifting US Fed interest rate expectations
Global financial markets are reacting to shifting expectations regarding US monetary policy. Federal Reserve Governor Christopher Waller has signaled a preference for maintaining steady interest rates in September, provided inflation remains stable. This dovish tone has contributed to a decline in the US Dollar Index and a reduction in the perceived probability of a September rate hike, which now sits at approximately 50.4% according to CME FedWatch data.
Commodities and cryptocurrencies have seen significant movement. Bitcoin rose by over 5%, surpassing the $80,000 mark, driven by increased risk appetite and falling Treasury yields. Gold prices also rebounded, rising 2.1% to $4,508, supported by fading rate-hike bets and a weaker dollar. In August, gold recorded its fastest monthly gain in seven months, rising 10% to end at $4,449 per ounce.
In the foreign exchange market, the Japanese yen has surged, with USD/JPY dropping 2.01% to 155.52, amid renewed Bank of Japan rate-hike bets. The British pound has remained steady at approximately $1.35 against the US dollar. Investors are now closely monitoring upcoming US Nonfarm Payrolls data, with consensus estimates projecting an expansion of 56,000 jobs, to gain further clarity on the Federal Reserve's trajectory.
Entities
Bank of Japan · Bitcoin · Christopher Waller · Donald Trump · Federal Reserve · Gold · Kapalıçarşı · Kevin Warsh · U.S. Department of the Treasury
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Bitcoin rose by 5.07% amid increased risk appetite and falling Treasury yields. www.criptovaluta.it · nordfx.com
- [○ 1 SOURCE] The probability of a September rate hike fell to 50.4% following Waller's comments. bitcoinethereumnews.com
- [○ 1 SOURCE] The British pound held steady at approximately $1.35 against the US dollar. bizwatchnigeria.ng
- [○ 1 SOURCE] The Japanese yen surged, with USD/JPY dropping 2.01% to 155.52. nordfx.com
- [● 4 SOURCES] Christopher Waller signaled a preference for holding interest rates steady in September, provided inflation data remains stable. bitcoinethereumnews.com · www.criptovaluta.it · nordfx.com · www.borsagundem.com.tr
- [○ 1 SOURCE] Gold prices rose 2.1% to $4,508, supported by fading rate-hike bets. nordfx.com
- [○ 1 SOURCE] New Zealand's June-quarter international two-way trade rose 16% year-on-year to NZ$64.9bn. bitcoinethereumnews.com
- [○ 1 SOURCE] Consensus estimates project Nonfarm Payrolls to expand by 56,000 jobs. bitcoinethereumnews.com
- [● 2 SOURCES] Gold rose 10% in August, marking its fastest monthly gain in seven months. mineralprices.com · www.konhaber.com