Hawkish Fed rhetoric fails to lift dollar; Aussie jumps - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The dollar struggled to advance on Thursday even though Federal Reserve policymakers reiterated their commitment last month to fighting inflation, while the Aussie rallied after China eased its restrictions on imports of Australian coal.

Minutes of the Fed’s December policy meeting released overnight showed that while officials agreed that the central bank should slow the pace of its aggressive interest rate increases, they remained focused on curbing inflation, and were worried about any “misperception” in financial markets that their commitment was flagging.

Sterling was last steady at $1.2062, after rising 0.76% against the dollar in the previous session, while the euro edged 0.19% higher to $1.0624, following a more than 0.5% overnight gain. “Heading into Friday’s payrolls, the message is still that the labour market remains in pretty rude health,” said Attrill.

 

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Hey elonmusk … I have a better idea, delete the SABC news account… much easier way to get rid of the bots, maybe…

China should completely stop buying coal from AUSTRALIA

That sounds food's to my ears

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