The dollar index, which measures the currency versus six counterparts, edged 0.07% higher to 108.65, after reaching and then falling back from the highest since September 2002 at 109.29 on Thursday.
Fed funds futures currently indicate a 31% chance of a 100 basis-point increase, down from around 70% before the comments. “The FOMC will have to remain hawkish both at the July meeting and beyond, solidifying US dollar yield support.” The euro zone is struggling with a worsening energy crisis as Russia shut down a gas pipeline for regular week-long maintenance, leaving markets jittery about whether it will comeback online, with Russia saying it will depend on demand and sanctions.
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:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LIVE | EFF media briefing - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.LIVE | The Economic Freedom Fighters media briefing is likely to outline plans to initiate proceedings to have President Cyril Ramaphosa removed from office. EFFPresser Another match I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you. After a session with Mazotti, he has instructed Malema!
Source: SABCNews - 🏆 37. / 51 Read more »
SATAWU rejects 3.5% wage increase - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The South African Transport and Allied Workers Union (SATAWU) has rejected the 3.5% wage increase that the employers’ organisation Security Private companies has proposed. Unions will be bribed and accept shit offer.
Source: SABCNews - 🏆 37. / 51 Read more »