The dollar fell against the euro for a third straight session on Tuesday, following a Reuters announcement that European Central Bank policymakers are considering raising interest rates by a bigger-than-expected 25 basis points at their meeting on Thursday to tame record-high inflation. The rebound in the euro, which sent it further away from the parity levels of last week, coincided with falling expectations for an aggressive 100 basis points hike from the U.S. Federal Reserve this month.
Mexican inflation in the first half of July likely remained at levels not seen since January 2001, a Reuters poll showed on Tuesday, fueling bets the Bank of Mexico will again hike its key interest rate at its upcoming monetary policy meeting. The median forecast of 14 analysts was for annual inflation to hit 8.10% during the first half of the month, from 8.09% in the second half of June.
Higher oil prices helped most stock markets in the Gulf rise on Tuesday, with the Saudi index on course to post a third straight session of gains. Saudi Arabia’s benchmark index (.TASI) gained 0.8%, led by a 3.3% rise in Alinma Bank (1150.SE) and a 1.8% increase in Saudi Basic Industries Corp (2010.SE).
The 6M Euribor decreased with 3 basis points to 0.50% compared to previous business day. The 10Y Swap increased with 6 basis points to 2.08% compared to previous business day.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented.
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