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WAFS Biz 1190

Automatic TRANSCRIPT

Locked on biz eleven ninety galop. It's New York has just gone twelve thirty A and the dollar has managed to eek out the tiniest of green on your screen, but that lies a bigger truth in the market, which is that the dollar dropped by half a percent on Wednesday. The biggest and worst day since January as many would say that the fed I dubbed the dubs really as they took the dots. Two zero is the yield differential trade still absolutely in place, by the way, the door is now open for Asian central banks to be more aggressive the dollar sniff side an eighth of one I the eighth of a pep rally. Okay. Thirteen picks. Let's get your first word headlines from around the world. Deborah is with us from Hong Kong, Debra. The fed says interest rates could be on hold for quite some time as rising global risk way on the outlook, the US economy and domestic inflation remains muted. Chairman Jay Powell says there's no data to suggest move either up or down adding that policy makers should remain patient and let the situation play out the FOMC slash the number of projected rate hike this year from two to zero the data that we're seeing are not currently sending a signal which suggest moving in the direction from me, which is really why we're we're being patient. We are our policy rate is in the range of neutral economy's growing in about trend inflation's close to target. Unemployment's under three percent. It's a great time for us to be patient and watch and wait and see how things evolve. The European Union is considering an unscheduled meeting next week to decide whether to grant brag that extension Serling fellas e president Donald tusk said it's up to Theresa May to drive her deal. Through of France said the EU needs guarantees before any extension is granted may has asked for a delay to the end of June and told Brussels she intends to put her plans to the house of Commons again. Japan is downgrading its assessment of the economy for the first time in three years a cabinet office sites. Weakness in exports and factory output underscoring rising concern about the scheduled sales tax hike in October in two thousand fourteen the economy contracted sharply after a similar tax ride the Bank of Japan. Also takes a dim view cutting assessment of exports and production at it latest meeting. The billionaire.