Currencies on guard ahead of major central bank decisions, U.S. data releases [CNBC]
SOCIETE GENL FRNCE S/ADR (SCGLY)
NASDAQ:AMEX Investor Relations:
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Source: CNBC
Alex Segre | Moment | Getty Images The dollar was nursing losses on Monday while the euro and sterling held steady ahead of their respective central bank decisions this week, with focus squarely on the rate outlooks across major economies as the new year approaches. Currencies were largely rangebound in early Asia trade, as investors braced for a busy week which will also see the release of U.S. inflation data and the closely watched nonfarm payrolls report. The yen was little changed after a key central bank survey showed on Monday that big Japanese manufacturers' business sentiment hit a four-year high. The Japanese currency was 0.1% weaker at 155.94 per dollar. The survey outcome reinforced expectations that the Bank of Japan (BOJ) is poised to raise rates later this week, though attention will be on guidance from Governor Kazuo Ueda regarding the future rate-hike path. “We expect the BOJ to raise its policy rate to 1% in July next year,” said analysts at Societe Gener
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