ECB out-doving Fed boosts euro’s allure as carry trade funder ...Qatar

Jackson Hole sharpened the contrast between a Federal Reserve telegraphing an end to stimulus and a dovish European Central Bank. For the euro, that means its status as a preferred funding currency just got a boost. The discount on the overnight rate to borrow the common currency instead of dollars rose earlier this month to the most since 2020. That juiced up returns on carry trades funded by the euro, which have been some of the best performers this year. That trend got extra legs on Friday after Federal Reserve Chairman Jerome Powell said it could be appropriate to start scaling back its $120bn-a-month bond-buying program this year, though the central bank won’t be in a hurry to begin r

Read More Details
Finally We wish PressBee provided you with enough information of ( ECB out-doving Fed boosts euro’s allure as carry trade funder )

Also on site :

• The 36 US bases on the frontline of Iranian retribution
• Target's 'Top-Selling' $5 Backpack Is Heading Back to Stores This Year
• NATO leaders gather Tuesday for what could be a historic summit, or one marred by divisions