October 3, 2022
United States:
Relentless Dollar Rally Raises Bets on Interventions, Investors Say
The US dollar is expected to extend its gains, increasing speculation that governments will stage unusual market interventions to drive up the value of the currencies on the losing end of the trade.
Europe:
Inflation in Europe Now Looks Even Less Transitory Than in US
When pandemic inflation took off last year, it was seen as more likely to stick around in the US — where stimulus was much bigger and consumer demand stronger — than in Europe. But the energy crisis has upended that picture.
Euro-area price increases have now outpaced the US for two straight months. The gap likely widened in September, when Europe-wide inflation hit 10% while in Germany it accelerated to 10.9%. US numbers aren’t due out for another 10 days.
Asia:
Financial Stability Keeps Thai Rates From Rising Fast
The need for financial stability, one of the three main objectives of the Bank of Thailand, is keeping monetary policy makers in the Southeast Asian nation from raising interest rates too fast.
While trends in economic growth and inflation may support the case for a faster monetary policy normalization, doing so would unhinge financial stability, BOT Deputy Governor Mathee Supapongse said on Saturday, during an annual interaction with the media at a mountain resort 184 kilometers (114 miles) outside Bangkok.
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