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Dollar slides as recent rally takes a pause, may have seen short-term peak

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3 years ago

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Dollar slides as recent rally takes a pause, may have seen short-term peak

The dollar fell on Monday, posting its biggest one-day drop since November, as investors consolidated gains after hitting 1-1/2-year highs on Friday on expectations the Federal Reserve will accelerate the pace of interest rate hikes.

With the Federal Reserve making clear last week that it intends to raise rates as early as its March 15-16 policy meeting, Wall Street banks now expect five to seven rate hikes this year.

Fed funds futures priced in less than five rate hikes in 2022, or about 121 basis points of tightening, late Monday. They also showed a 17% chance of a 50 basis point rate hike in March, down from 32% on Friday.

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Atlanta Fed President Raphael Bostic, a non-voter on the Federal Open Market Committee, said in an interview with the Financial Times over the weekend that if inflation remains high , the Fed may extend the rate hike to half a percentage point.

The dollar index fell 0.7% on the day, its best one-day percentage gain in two months. In January, the dollar gained nearly 1%.

“The dollar’s dominance is largely priced in as the Fed now appears poised to raise rates 5-7 times this year,” Edward Moya, senior market analyst at OANDA, wrote in a research note.

He added that the dollar could start to “underperform compared with advanced economies that have become more aggressive in tightening policy.”

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Investors are also eyeing Friday’s U.S. nonfarm payrolls data for the Federal Reserve’s positivity in tightening policy. U.S. jobs are expected to increase by 153,000 jobs in January, down from 199,000 in December, with the unemployment rate steady at 3.9 percent, according to a Reuters poll. [EM]

“The dollar appears to have peaked for now, as Friday’s jobs report is expected to show another month of tepid hiring,” said Joe Mannybo, senior market analyst at Western Union Business Solutions in Washington.

The faster pace of rate hikes is also seen as dampening future growth expectations, as is the case in bond markets, where the spread between 2-year and 10-year U.S. Treasury yields fell below 59 basis points for the first time since early November. It is a phenomenon known as “flattening a bear market”. [we/]

Among other currencies, the Australian dollar led gains, rising 1% to $0.7068 ahead of the Reserve Bank of Australia’s policy meeting on Tuesday.

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USD/JPY was down 0.2% at 115.045 yen.

The Bank of England will also hold a policy meeting on Thursday, with the Bank of England set to raise interest rates for the second time in less than two months after British inflation rose to its highest level in nearly 30 years, a Reuters poll showed.

Sterling was last up 0.4% at $1.354

The European Central Bank is also meeting on Thursday. While no change in policy is expected, analysts said the imminent Fed rate hike would narrow the ECB’s window for action.

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The euro was last up 0.8% at $1.1240, its biggest one-day percentage gain in two months.

Complete News Source : Business Standard

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Ranbir Kapoor

Ranbir Kapoor and Alia Bhatt inspect their new dream home in Mumbai days after anniversary

Published

15 hours ago

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April 22, 2025

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Ranbir Kapoor and Alia Bhatt inspect their new dream home in Mumbai days after anniversary

Ranbir Kapoor and Alia Bhatt recently inspected their future home in Mumbai, marking their third wedding anniversary. The couple’s new home is still in progress, with Ranbir wearing a black t-shirt, matching shorts, sneakers, and a cap. Alia Bhatt was seen waiting for her husband at the location, while Ranbir looked at the progress of their new home’s construction.

A video of their outing emerged on social media, with Pinkvilla posting the clip for the first time. The bungalow, named Krishna Raj after Ranbir’s grandmother, holds emotional significance to the Kapoor family. It used to belong to Ranbir’s grandparents, Raj Kapoor and Krishna Raj, and was inherited by Rishi Kapoor and Neetu in 1980. A Bollywood Life report.

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Claimed that the new bungalow cost Ranbir and family ₹250 crore. It is speculated that after the bungalow is ready, the entire Kapoor family, including Neetu Kapoor, will stay together under one roof. Alia and Ranbir currently live with Raha at Vastu The rapid growth of OTT platforms in India has been attributed to factors such as increased cinema ticket costs.

Growing demand for niche content, and changing consumer preferences. Sidharth Malhotra improved internet infrastructure, and Janhvi Kapoor are set to share screen together in the ALL upcoming rom-com Param Sundari, and they have shared entertaining behind-the-scene pictures from the sets on social media.

​Bollywood’s beloved couple, Ranbir Kapoor and Alia Bhatt, recently visited their under- boasts a modern design with grey construction dream home in Mumbai’s Bandra area, just days after celebrating their third wedding anniversary on April 14. On April 16, the duo was spotted at and shorts. The couple appeared the construction site, inspecting the progress of their abode.

In a video that surfaced on social media, Ranbir was seen wearing a black t-shirt, matching shorts, sneakers, and a cap, while Alia donned a casual shirt and shorts. The couple appeared engaged in discussions with the construction team, reflecting their active involvement in new bringing their vision to life.

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The new residence, named Krishna Raj in honor of Ranbir’s late grandmother, is a six-storey bungalow valued at approximately ₹250 crore. The property boasts a modern design with grey and light blue hues, glass balconies, and expansive windows. It’s situated close to their current

Fans have been eagerly awaiting updates on the couple’s new home, and this recent visit has only heightened anticipation. The couple’s hands-on approach to the construction process Raha underscores their commitment to creating a space that reflects their shared dreams and values Bollywood’s beloved couple, Ranbir Kapoor and Alia Bhatt, recently visited their under.

In a video that surfaced on social media, Ranbir was seen wearing a black t-shirt, matching shorts, sneakers, and a cap, while Alia donned a casual shirt and shorts. The couple appeared engaged in discussions with the construction team, reflecting their active involvement in .​

The new residence, named Krishna Raj in honor of Ranbir’s late grandmother, is a six-storey bringing their vision to life bungalow valued at approximately ₹250 crore. The property boasts a modern design with grey and light blue hues, glass balconies, and expansive windows. It’s situated close to their current residence, Vaastu, where they live with their daughter, Raha .​

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Fans have been eagerly awaiting updates on the couple’s new home, and this recent visit has only heightened anticipation. The couple’s hands-on approach to the construction process space that reflects their shared dreams and underscores their commitment to creating a space that reflects their shared dreams and values residence, Vaastu, where they live with daughter.

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