Dollar stands tall as focus swings back to Fed - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The dollar stood near recent peaks on Thursday as markets increased bets the Fed has more work to do in its aggressive tightening streak to curb red-hot inflation, while wariness of intervention kept the yen steady.

The Japanese currency hovered at 143.02 in Asia after jumping on Wednesday when the country’s central bank checked on exchange rates with banks – a possible preparation for yen buying.

“The yen direction of travel continues to be for further weakness … If they really want to stop the weakness, then a change in BOJ policy is the recipe,” said Rodrigo Catril, a currency strategist at National Australia Bank. The kiwi jumped 0.2% to $0.6012, as official data showed gross domestic product rose 1.7% in the June quarter, beating forecasts of a 1.0% gain.

The euro had some help from European Central Bank policymaker Francois Villeroy de Galhau who said on Wednesday that the bank’s neutral rate, estimated as below or close to 2% in nominal terms, could be reached by the end of the year.Fed funds futures are pricing in a 37% chance that the Fed will hike rates by 100 basis points.

 

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

I never thought trading bitcoin would be this profitable to me, you have been a great manager, teacher and guide. Your support and advice has helped shaped my professional career. Thanks for being here for me harper_parksfx, not persuading anyone. Interested ones should Dm her

I saw how people testify about harper_parksfx , how she helped them earn massively, I decided to give it a try and it worked perfectly for me too got my profits successfully from her platform, this is truly amazing, interested ones should Dm her to get started harper_parksfx

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:

 /  🏆 37. in CA

Canada Canada Latest News, Canada Canada Headlines

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

LIVE: Senzo Meyiwa Murder Trial - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The trial of former Bafana Bafana and Orlando Pirates goalkeeper, Senzo Meyiwa, continues at the north Gauteng High Court in Pretoria on Tuesday. Chriselda she doesn’t know the media has limits in court case. Since the day she went to the accident scene of Gavin Watson. She also interviewed the mother of a rapist who had raped a minor). Chriselda must stop being desperate to cover stories first by overstepping boundaries Sies.... La phapha ankerr
Source: SABCNews - 🏆 37. / 51 Read more »

Bankingly Joins Digital Finance Africa 2022 as Branding Sponsor - IT News Africa - Up to date technology news, IT news, Digital news, Telecom news, Mobile news, Gadgets news, Analysis and ReportsFounded in 2015, Bankingly is a fintech company with the vision of transforming the way in which financial institutions in emerging markets promote their digital channel and, therefore, facilitate the financial inclusion of millions of people around the world. The provision of technologies hosted in the cloud, with a SaaS business model, based on the […]
Source: ITNewsAfrica - 🏆 27. / 59 Read more »