Dollar edges lower in holiday trade; sterling gains as polling starts [Yahoo! Finance]
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
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Source: Yahoo! Finance
At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% lower at 104.900, extending steep overnight declines. Economic weakness hits dollar The dollar retreated slightly Thursday, continuing Wednesday's weakness, after the release of data showing softer-than-expected ADP employment figures and a weak purchasing managers index reading on non-manufacturing activity. This data has increased expectations that a cooling U.S. economy will persuade Fed officials to sanction interest rate cuts in the near future. The CME Fedwatch tool showed traders pricing in a nearly 66% chance of a September rate cut, up from 59% seen a day ago. “We suspect some of that reluctance to price in more easing is related to rising chances of Donald Trump winning the U.S. presidency in November. The assumption here is that Trump's protectionist and tax-cut policies can slow Fed easing,” said analysts at ING, in a note. Trading is lik
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Earnings
- 2/1/24 - Miss
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Sec Filings
- 7/2/24 - Form 6-K
- 6/26/24 - Form 6-K/A
- 6/25/24 - Form 6-K
- ING's page on the SEC website