Latest news with #MahjabeenZaman
Bloomberg
18-07-2025
- Business
- Bloomberg
TACO Trade Still Priced In: Zaman
ANZ Head of FX Research Mahjabeen Zaman says the next trigger for the dollar lower will be a turn in economic data in the second half of the year. She speaks to Bloomberg's Joumanna Bercetche on 'Horizons Middle East and Africa.' (Source: Bloomberg)
CNBC
19-05-2025
- Business
- CNBC
Dollar edges lower after U.S. credit downgrade, Aussie pares losses before Reserve Bank of Australia
The U.S. dollar trimmed a four-week gain in early Asian trade as markets digested a surprise downgrade of the U.S. government's credit rating and as lingering trade frictions weighed on sentiment. The greenback advanced 0.6% against major counterparts last week after a temporary trade truce between the United States and China eased fears of a global recession. But economic data pointed to rising import prices and waning consumer confidence. Moody's cut America's top sovereign credit rating by one notch on Friday, the last of the major ratings agencies to downgrade the country, citing concerns about the nation's growing $36 trillion debt pile. "The focus on U.S. growth risks and the U.S. administration's policy agenda may have put the U.S. safe-haven status in question," said Mahjabeen Zaman, head of foreign exchange research at ANZ. U.S. Treasury Secretary Scott Bessent said in television interviews on Sunday that President Donald Trump will impose tariffs at the rate he threatened last month on trading partners that do not negotiate in "good faith." Meanwhile, Trump is facing resistance within his own party in pushing forward a sweeping tax cut bill that would add an estimated $3 trillion to $5 trillion to the nation's debt over the next decade. The dollar lost 0.3% to 145.22 yen. The greenback was also 0.2% lower against the Swiss franc, another safe-haven counterpart. The Australian dollar edged up 0.1% to $0.6409 after three days of losses. Markets have priced in a certainty for a quarter-point cut in the Reserve Bank of Australia's 4.10% cash rate on Tuesday. The euro stood at $1.1185, up 0.2%. Sterling traded at $1.3299, up 0.1%. New Zealand's kiwi dollar rose 0.1% to $0.5888.
Business Recorder
19-05-2025
- Business
- Business Recorder
Dollar edges lower after US credit downgrade, Aussie pares losses before RBA
TOKYO: The U.S. dollar trimmed a four-week gain in early Asian trade as markets digested a surprise downgrade of the U.S. government's credit rating and as lingering trade frictions weighed on sentiment. The greenback advanced 0.6% against major counterparts last week after a temporary trade truce between the United States and China eased fears of a global recession. But economic data pointed to rising import prices and waning consumer confidence. Moody's cut America's top sovereign credit rating by one notch on Friday, the last of the major ratings agencies to downgrade the country, citing concerns about the nation's growing $36 trillion debt pile. 'The focus on U.S. growth risks and the U.S. administration's policy agenda may have put the U.S. safe-haven status in question,' said Mahjabeen Zaman, head of foreign exchange research at ANZ. U.S. Treasury Secretary Scott Bessent said in television interviews on Sunday that President Donald Trump will impose tariffs at the rate he threatened last month on trading partners that do not negotiate in 'good faith.' US dollar climbs after data Meanwhile, Trump is facing resistance within his own party in pushing forward a sweeping tax cut bill that would add an estimated $3 trillion to $5 trillion to the nation's debt over the next decade. The dollar lost 0.3% to 145.22 yen. The greenback was also 0.2% lower against the Swiss franc , another safe-haven counterpart. The Australian dollar edged up 0.1% to $0.6409 after three days of losses. Markets have priced in a certainty for a quarter-point cut in the Reserve Bank of Australia's 4.10% cash rate on Tuesday. The euro stood at $1.1185 , up 0.2%. Sterling traded at $1.3299 , up 0.1%. New Zealand's kiwi dollar rose 0.1% to $0.5888.
Time of India
19-05-2025
- Business
- Time of India
Dollar edges lower after US credit downgrade, Aussie pares losses before RBA
The U.S. dollar trimmed a four-week gain in early Asian trade as markets digested a surprise downgrade of the U.S. government's credit rating and as lingering trade frictions weighed on sentiment. The greenback advanced 0.6% against major counterparts last week after a temporary trade truce between the United States and China eased fears of a global recession . But economic data pointed to rising import prices and waning consumer confidence. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How Much Should You Pay A Cleaner To Clean Your Apartment in Iran, Islamic Republic Of? Cleaning | Search Ads Search Now Undo Moody's cut America's top sovereign credit rating by one notch on Friday, the last of the major ratings agencies to downgrade the country, citing concerns about the nation's growing $36 trillion debt pile. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. "The focus on U.S. growth risks and the U.S. administration's policy agenda may have put the U.S. safe-haven status in question," said Mahjabeen Zaman, head of foreign exchange research at ANZ. U.S. Treasury Secretary Scott Bessent said in television interviews on Sunday that President Donald Trump will impose tariffs at the rate he threatened last month on trading partners that do not negotiate in "good faith." Live Events Meanwhile, Trump is facing resistance within his own party in pushing forward a sweeping tax cut bill that would add an estimated $3 trillion to $5 trillion to the nation's debt over the next decade. The dollar lost 0.3% to 145.22 yen. The greenback was also 0.2% lower against the Swiss franc, another safe-haven counterpart. The Australian dollar edged up 0.1% to $0.6409 after three days of losses. Markets have priced in a certainty for a quarter-point cut in the Reserve Bank of Australia 's 4.10% cash rate on Tuesday. The euro stood at $1.1185, up 0.2%. Sterling traded at $1.3299, up 0.1%. New Zealand's kiwi dollar rose 0.1% to $0.5888.
Economic Times
19-05-2025
- Business
- Economic Times
Dollar edges lower after US credit downgrade, Aussie pares losses before RBA
The U.S. dollar weakened in early Asian trading following a surprise downgrade of the U.S. government's credit rating by Moody's, fueled by concerns over the nation's growing debt. The U.S. dollar weakened in early Asian trade. This happened after a surprise downgrade of America's credit rating. Trade tensions also affected market sentiment. Moody's lowered the U.S. rating due to debt concerns. Scott Bessent mentioned possible tariffs. The dollar fell against the yen and Swiss franc. The Australian dollar saw a slight increase. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The U.S. dollar trimmed a four-week gain in early Asian trade as markets digested a surprise downgrade of the U.S. government's credit rating and as lingering trade frictions weighed on greenback advanced 0.6% against major counterparts last week after a temporary trade truce between the United States and China eased fears of a global recession . But economic data pointed to rising import prices and waning consumer confidence. Moody's cut America's top sovereign credit rating by one notch on Friday, the last of the major ratings agencies to downgrade the country, citing concerns about the nation's growing $36 trillion debt pile."The focus on U.S. growth risks and the U.S. administration's policy agenda may have put the U.S. safe-haven status in question," said Mahjabeen Zaman, head of foreign exchange research at ANZ.U.S. Treasury Secretary Scott Bessent said in television interviews on Sunday that President Donald Trump will impose tariffs at the rate he threatened last month on trading partners that do not negotiate in "good faith."Meanwhile, Trump is facing resistance within his own party in pushing forward a sweeping tax cut bill that would add an estimated $3 trillion to $5 trillion to the nation's debt over the next dollar lost 0.3% to 145.22 yen. The greenback was also 0.2% lower against the Swiss franc, another safe-haven Australian dollar edged up 0.1% to $0.6409 after three days of losses. Markets have priced in a certainty for a quarter-point cut in the Reserve Bank of Australia 's 4.10% cash rate on euro stood at $1.1185, up 0.2%. Sterling traded at $1.3299, up 0.1%.New Zealand's kiwi dollar rose 0.1% to $0.5888.
