Dollar extends 2022 surge as market awaits key US inflation data

  • 📰 eNCA
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

The US currency rose as investors bet that the latest round of US employment data will confirm a Federal Reserve plan to continue hiking interest rates.

NEW YORK - The dollar extended its banner run of 2022, pushing higher following the latest solid US jobs data as equities retreated in both New York and Europe.

Analysts said Monday's gains by the greenback also reflected the worsening Russia-Ukraine conflict, which has bolstered the dollar's standing as a"refuge" investment.This week's calendar also includes retail sales for September, as well earnings from Delta Air Lines, JPMorgan and others.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: JSE closes weaker as investors eye inflation data, US earnings seasonMild risk aversion prevails as concerns about central banks’ policy-tightening efforts and their impact on the health of the global economy continue
Source: BDliveSA - 🏆 12. / 63 Read more »

Market data — October 10 2022Market data including bonds and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »