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US Dollar strengthens as Fed expected to stay hawkish; yen fragile
The dollar firmed on Monday after strong consumer spending data pointed to persistent underlying inflation pressure, cooling bets that the US Federal Reserve could flag a slowdown in its aggressive interest rate hikes. Against the Japanese yen, the greenback was 0.44% higher at 148.08, particularly helped by the Bank of Japan’s (BOJ) decision to keep ultra-low interest rates on Friday, and BOJ Governor Haruhiko Kuroda’s still-dovish comments in the face of rising interest rates elsewhere. The dollar moved broadly higher in early Asia trade, and was up more than 0.2% against the New Zealand dollar and the pound. ... (full story)
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- Oct 31, 2022 5:02am Oct 31, 2022 5:02am
- saeidkohgard
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fxsport - Joined Jul 2007 | Status: Member | 2661 Comments
...because you never know - until you do!
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- Posted: Oct 31, 2022 2:47am
- Submitted by:Category: Fundamental AnalysisComments: 4 / Views: 2,051
