HomeEconomyDollar gains as investors brace for Fed Economy Dollar gains as investors brace for Fed By farahat September 21, 2022 0 137 views Share FacebookTwitterPinterestWhatsApp AUD /USD -0.% Add to Watchlist/Remove from Watchlist to watch list Add Location Job added successfully: Please name you Portfolio of holdings type: purchase Sell date: quantity: price Integral value: Leverage: 1:1 1: 1: 1: 1: 17 1: 75 1: 50 1: 56 1: 100 Committee: 5902 CREATE NEW WATCH LIST CREATE 941828 5902 create a new holding portfolio add create + Add another position to close NZD/USD 5902+0.% 5902 Add to/Remove from watchlist Add to watchlist Add Location Job added successfully: Please name your portfolio type: purchase Sell date: quantity: price Point value: Leverage: 1:1 1: 1: 1: 1: 16 1: 24 DX 8827+0.% 5902 Add/From Watchlist Deleted in to watch list Add Location Job successfully added to: Please name your portfolio type: purchase Sell date: ) quantity: price Point value: Leverage: 1:1 1: 1: 1: 1: 16 1: 52 1: 17 1: 24 1: 99 Committee: create new watchlist creation 941828 5902 CREATE NEW HOLDING PORTFOLIO ADD CREATE 8827 941828 + Add another position to close CMWAY 941828+0.% 5902 Add to Watchlist/Remove from Watchlist Add to watch list Add Location Job added successfully: Please name your portfolio type: purchase Sell date: quantity: price point Value: Leverage: 1:1 1: 1: 1: 1: 25 1: 75 1: 100 1: 24 1: 144 Committee: create new watchlist create 58875902 Create a new holding investment Combine Add Create 9418289967 + Add another position to close Author: Rae Wee SINGAPORE (Reuters) – The dollar hovered near two decade highs on Wednesday against a basket of currencies after U.S. Treasury yields The market sets the tone. This2007 US Dollar Index measures the US dollar against a basket The exchange rate of the currency is stable at 54. followed by 0.% rose overnight and stayed not far below – year high .19 released this month. The yield on the two-year U.S. Treasury note, a rough measure of interest rate expectations, hit 3. 54% overnight, highest since 1000, while the yield on the benchmark – Year Treasury bills rose to 3. 54%,since Highest value since . Higher yield The rate increases the attractiveness of holding U.S. Treasuries and the dollars that buy them. exist143 GMT Fed announced policy settings and markets are fully priced in 02 basis points (bp) increase in interest rate, where % chance03 bp increases and rates are expected to peak around 4.5% in March 400. will also focus on the latest economic forecasts and point-plot estimates of where Fed officials think rates are headed. “The next level we see (the dollar index) reaching in the short term will be 17 points,” said senior economist Kristina Clifton, senior currency strategist at Commonwealth Bank of Australia (OTC: 5887CMWAY ). “If we really get this 25 Fed basis points, it would take a pretty hawkish message to push the dollar up to that level.” overnight Riksbank beat expectations 25 bp increase, but not much help for currency – subject to growth risk – fell to – yearly low point after decision. GBP was last traded at $1. 99,exist03 – 1 year low. 75, while EUR is 0.% is less than $0.1000, expanded to a little bit of its 0. % dropped overnight. Australian and New Zealand dollars are also nursing losses, where 5902 AUD rose 0.% to $0. 400 Stern er shedding 0.% overnight. This2023 Kiwi get 0.% to $0. 604, fell 1% in the previous session to hit a more than two-year low of $0. 604. The Canadian dollar fell to a two-year low overnight after official data showed inflation unexpectedly slowed. The Bank of England and the Bank of Japan are also set to announce their policy decisions on Thursday, with the market divided on how much the former will raise interest rates, while Japan’s of policymakers are expected to remain unchanged. “Inflation has been lifted , but I think it’s mostly because of food and energy, so I think they want to see inflation become more widespread before changing their policy stance,” Clifton said, referring to the Bank of Japan. Japan 8 Core consumer inflation accelerated to 2.8% in March, a nearly eight-year high and surpassing the central bank’s 2% target for the fifth straight month, data released on Tuesday showed. Yen fell % Against USD, edged up 0.1% at . per dollar, but not far from it – year lows .10. 1000 Share FacebookTwitterPinterestWhatsApp Previous articleRate hikes, Ukraine war, China dim Asia's growth prospects: ADBNext articleKyle McCully Might Not Star in Mob Psycho 100 III Anime Due To Disagreement With Crunchyroll About Union Dubs (Update) farahat RELATED ARTICLES Economy US, partners target North Korea with sanctions following satellite launch November 30, 2023 Economy US senators to be briefed on Ukraine, Israel aid on Tuesday -Senate aide November 30, 2023 Economy Fed’s Williams keeps alive rate hike chance if inflation doesn’t retreat November 30, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! 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