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Stock impact report

Dollar edges lower, but on track for hefty weekly gains [Yahoo! Finance]

ING Group, N.V. (ING) 
US:NYSE Investor Relations: ing.com/investor-relations.htm
Company Research Source: Yahoo! Finance
At 04:40 ET (08:40 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 104.910, but was on track for a gain of 0.6% this week, its largest one-week rise since mid-April. Dollar boosted by reduced rate cut expectations Data released Thursday showed U.S. business activity accelerated to the highest level in just over two years in May, prompting a pullback in U.S. interest rate cut expectations and a rise in government bond yields. This followed on from the minutes of the Fed's late-April meeting showing policymakers were growing increasingly concerned over sticky inflation, adding weight to the comments from numerous officials advocating caution over loosening monetary policy. The CME Fedwatch tool showed traders were pricing a nearly equal probability of a cut and a hold -- around 46% -- in September, after earlier expectations had shown an over 50% chance of a cut. The next data release of note is likely to be th Show less Read more
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