Dollar Falls Due to Overseas Events, Says ING -- Market Talk

Dow Jones

Oct 31, 2024

0842 GMT - The dollar weakens, largely in response to overseas events, says ING's Chris Turner in a note. Wednesday's eurozone growth and German inflation for October were above expectations. This lifted the euro versus the dollar as markets scaled back expectations for a 50 basis-point rate cut by the European Central Bank in December. The dollar also falls versus the Japanese yen after Bank of Japan governor Kazuo Ueda said interest rates could rise if the economy and inflation develop in line with the central bank's projections. This reverses the recent trend of the dollar strengthening due to prospects of Republican candidate Donald Trump winning next week's elections. The DXY dollar index falls to 103.937, its lowest in more than a week. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

October 31, 2024 04:42 ET (08:42 GMT)

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Wednesday's eurozone growth and German inflation for October were above expectations. This lifted the euro versus the dollar as markets scaled back expectations for a 50 basis-point rate cut by the European Central Bank in December. The dollar also falls versus the Japanese yen after Bank of Japan governor Kazuo Ueda said interest rates could rise if the economy and inflation develop in line with the central bank's projections. This reverses the recent trend of the dollar strengthening due to prospects of Republican candidate Donald Trump winning next week's elections. The DXY dollar index falls to 103.937, its lowest in more than a week. (emese.bartha@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 31, 2024 04:42 ET (08:42 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dollar Falls Due to Overseas Events, Says ING -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDollar Falls Due to Overseas Events, Says ING -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-10-31 16:42</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0842 GMT - The dollar weakens, largely in response to overseas events, says ING's Chris Turner in a note. Wednesday's eurozone growth and German inflation for October were above expectations. This lifted the euro versus the dollar as markets scaled back expectations for a 50 basis-point rate cut by the European Central Bank in December. The dollar also falls versus the Japanese yen after Bank of Japan governor Kazuo Ueda said interest rates could rise if the economy and inflation develop in line with the central bank's projections. This reverses the recent trend of the dollar strengthening due to prospects of Republican candidate Donald Trump winning next week's elections. The DXY dollar index falls to 103.937, its lowest in more than a week. (emese.bartha@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 31, 2024 04:42 ET (08:42 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2479762197","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479762197","pubTimestamp":1730364120,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0842 GMT - The dollar weakens, largely in response to overseas events, says ING's Chris Turner in a note. Wednesday's eurozone growth and German inflation for October were above expectations. This lifted the euro versus the dollar as markets scaled back expectations for a 50 basis-point rate cut by the European Central Bank in December. The dollar also falls versus the Japanese yen after Bank of Japan governor Kazuo Ueda said interest rates could rise if the economy and inflation develop in line with the central bank's projections. This reverses the recent trend of the dollar strengthening due to prospects of Republican candidate Donald Trump winning next week's elections. The DXY dollar index falls to 103.937, its lowest in more than a week. 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The DXY dollar index falls to 103.937, its lowest in more than a week. (emese.bartha@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 31, 2024 04:42 ET (08:42 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}