Dollar at two-decade high as payrolls loom - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The dollar was headed for a third weekly gain in a row and stood near its highest levels for decades on the euro and yen on Friday, with investors in little mood for selling ahead of US labour data that could bolster the case for interest rate hikes.

Image: Reuters

It is up more than 1% in the week since Federal Reserve Chair Jerome Powell said at Jackson Hole, Wyoming that rates would need to be high “for sometime” to control inflation, somewhat surprising markets.It was last at $1.1552 after touching $1.1499 overnight. “We think US labour data would have to slow dramatically to deter a 75 basis point policy rate hike,” he said.

 

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

Tell us more about Ramaphosa's dollars which we're found in PhalaPhalaFarmGate

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 İE

Ireland Ireland Latest News, Ireland Ireland Headlines