U.S. dollar hits 5-year high vs yen as investors bet on Fed hikes

U.S. dollar hits 5-year high vs yen as investors bet on Fed hikes

From financialpost.com

The U.S. dollar rose to a five-year high versus the yen on Tuesday, boosted by expectations of U.S. Federal Reserve rate hikes, as investors bet that the fast-spreading Omicron coronavirus variant would have limited economic impact. In the second trading day of 2022, global markets extended the upbeat moves seen on Monday. The dollar’s gains were helped by a rise in U.S. treasury yields, as investors bet on the Fed raising rates, with the U.S. 2-year and 5-year notes soaring to their highest since March 2020. At 0839 GMT, the dollar index was up 0.1% at 96.278, having exceeded Monday’s gains to reach a six-day ... (full story)

Yes. The Fed will hawkish this year for raising rates 3 times and 2 times on 2023.

So omicron will have limited impact on us economy? What about other economies? It is good news for USA only?)

- Older Stories
Strong hands to weak–and so it goes
From jugglingdynamite.com|Jan 4, 2022
More than $1 trillion of trend-following capital flowed into global equity exchange-traded funds (ETFs) over the past year–exceeding the combined total of the past 19 years (data: ...
Registered unemployment fell by 76,782 people in December
From mites.gob.es|Jan 4, 2022
The last month of the year 2021 has ended with a fall in the total of people unemployed in the offices of the State Public Employment Service (SEPE) of 76,782 in relation to the ...
In December 2021, consumer prices increased by 2.8% year on year
From insee.fr|Jan 4, 2022
Over a year, the Consumer Price Index (CPI) should rise by 2.8% in December 2021, as in the previous month, according to the provisional estimate made at the end of the month. The ...

- Newer Stories
Money and Credit - November 2021
From bankofengland.co.uk|Jan 4, 2022
Net borrowing of mortgage debt by individuals amounted to £3.7 billion in November. Mortgage approvals for house purchase were relatively unchanged at 67,000 in November, close to ...
UK manufacturing upturn continues at end of 2021
From markiteconomics.com|Jan 4, 2022
The manufacturing sector saw further growth of production, new orders and employment at the end of 2021. Although a slight easing in supply chain delays helped lift output volumes ...
EURJPY hovers around 200-day SMA in short term
From xm.com|Jan 4, 2022|1 comment
EURJPY has been in a back-and-forth movement around the 200-day simple moving average (SMA) after the bounce off the 127.50 support level around the lower Bollinger band. The ...