Dollar towers at two-decade high on growth woes, Fed outlook - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

대한민국 뉴스 뉴스

Dollar towers at two-decade high on growth woes, Fed outlook - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.
대한민국 최근 뉴스,대한민국 헤드 라인

The dollar held firm at a 20-year high on Friday and was poised to score its best monthly gain in a decade, buoyed by bets on rising US interest rates and doubts about growth in Europe and China.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

The latest uptick was thanks to the Bank of Japan, which sent the yen falling through 130-per-dollar for the first time since 2002 on Thursday when it reinforced a commitment to its super-low yield policy.

The US dollar index, which hit a two-decade high of 103.93 in the wake of the yen’s tumble, was last at 103.53 and up more than 5.3% through April.Weaker-than-expected quarterly US growth data overnight proved little obstacle to the dollar’s rise, and investors hardly adjusted their near-term interest rate bets.

“Market participants increasingly price in a widening divergence opening up between the performance of the euro-zone and US economies and subsequently the outlook for European Central Bank and Fed policies.”

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

SABCNews /  🏆 37. in KR
 

대한민국 최근 뉴스, 대한민국 헤드 라인



Render Time: 2025-01-16 00:18:28