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Hike bets hoist euro and bolster US dollar - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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  • News: 7%
  • Publisher: 51%

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The dollar was firm on Wednesday as stronger-than-expected US economic data and hawkish Federal Reserve comments pointed to higher interest rates, while rate-hike bets in Europe also have the common currency clinging on above parity.

German inflation running at its highest in nearly 50 years and a growing chorus of European Central Bank officials calling for big rate hikes has markets pricing a better-than-even chance of a 75 basis point rate hike next week.

Another month of manufacturing contraction is expected for August, with a reading of 49.2 forecast, marginally higher than the 49.0 reading in July.

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

 /  🏆 37. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

The dollar is enjoying the last days of glory before the world ditch it for better currency. Let the looters use this opportunity very well.

대한민국 최근 뉴스, 대한민국 헤드 라인

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