TOKYO : Asia-Pacific bond yields followed U.S. Treasury yields higher on Wednesday and the dollar continued its climb after Federal Reserve officials signalled they are nowhere near done raising interest rates.
"However investors are going to remain nervous due to the military exercises planned for after Pelosi's departure." Traders now see a chance of about 44 per cent that the Fed will hike by another 75 basis points at its next meeting in September. The U.S. dollar index, which gauges the currency against the yen and five other major peers, was 0.04 per cent higher at 106.41, after rebounding 1 per cent overnight following its slide to a nearly one-month low at 105.03.
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: