HomeEconomyDollar weakens on bets on a less hawkish Fed; sterling firm Economy Dollar weakens on bets on a less hawkish Fed; sterling firm By farahat October 25, 2022 0 140 views Share FacebookTwitterPinterestWhatsApp Dollar /JPY -0.% Add to Watchlist/Remove from Watchlist to watch list Add location Job added successfully: Please name your portfolio type: purchase Sell date: quantity: price Point value: Leverage: 1 :11: 1: 1: 00 1: 25 1: 75 1: 145 1: 115 1: 111 Committee: create a new watchlist create CREATE NEW HOLDING PORTFOLIO ADD CREATE 13105 + Add another position to close USD/RMB +0.% Add to Watchlist/Remove from Watchlist 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: 00 1: 25 1: 115 1: 94 1: 100 1: 110 Committee: CREATE NEW WATCH LIST CREATE 13105 Create a New Holding Portfolio Add Create + Add another position to close 8827 DX -0.% 13105 Add to Watchlist/From Remove from watch list 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: 32 1: 75 1: 145 1: 100 1: 100 Committee: CREATE NEW WATCH LIST CREATE Create a new holding portfolio Add Create + add Another position closed 13105 usY… -0.00% Add to Watchlist/From Watch Delete from list 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: 24 1: 75 1: 68 1: 100 1: 149 Committee: Create new Watchlist creation of Create New Holding Portfolio Add Create 941828 + Add another position to close 941828 CMWAY -0.00% 3650 add to/remove from watchlist 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 : 52 1: 94 1: 57 1: 75 1: 99 Committee: CREATE NEW WATCH LIST CREATE CREATE NEW HOLDING PORTFOLIO ADD CREATE + Add another position to close Kevin Buckland TOKYO (re-uters) – The safe-haven dollar weakened against other currencies on Tuesday on signs that the Federal Reserve’s interest rate hikes had put the brakes on the world’s largest economy, while Risk sentiment has improved as Rishi Sunak is about to become UK Prime Minister. Sterling edged closer to this month’s highs, while the euro threatened to hit $0. 52 for the first time since October 6 ahead of Thursday’s European Central Bank (ECB) policy meeting. Yen was stronger than 68 exist The Bank of Japan (BOJ) traded against the U.S. dollar after intervening over the weekend for two days in a row. A pullback in long-term Treasury yields this week has also helped support the yen, but the policy backdrop of a weaker yen may be over in the coming days Relief: The Bank of Japan is expected to stick to monetary stimulus on Friday, while the Fed may raise rates again 24 basis points on Wednesday next week. This2111 U.S. dollar index , which measures the currency pair’s six major peers The exchange rate, dropped to 68.14, close to Friday’s low 78.10, the lowest level since October 6. Overnight S&P PMI data showed U.S. business activity shrank for a fourth straight month in October, the dollar weakened, and the economy amidst high inflation and rising interest rates The latest evidence of a slowdown. Economists polled by Reuters expect the pace of rate hikes to slow to 00 December basis points, matching currency market bets. “Structurally, there is still a lot to like about the dollar, but we’re currently in a mean-reverting, sideways, choppy market,” Chris said Weston, head of research at Pepperstone in Melbourne.Weston expects the dollar index to fall to 52 before resuming its uptrend for a potential test 53. ” I still think USD is the most beautiful currency in G – .” us23705-Year Treasury Bills Back to 4.99% 4. after a multi-year peak in Tokyo % at the end of last week. exist100. Yen, USD from – yearly high.24 appeared to spark successive rounds of intervention by the Bank of Japan on Friday. The dollar fell to 68. Friday and 16. on Monday . Unlike the September intervention, this is the first yen buying attempt since by Japanese authorities, The provincial finance ministry declined to comment on whether it had ordered the intervention. ” as a general rule, policy makers Commonwealth Bank of Australia (OTC: 500CMWAY), it is written in the customer description. “Refused to confirm the intervention Probably reflects the desire to keep the trader guessing and stick with it 151 USD/JPY . Regardless of the strategy, we still expect USD/JPY to recover in the weeks after the BoJ intervention ends. “ GBP plus 0. % to $1.400, headed toward this month’s $1 high.111 Begins October 5. EUR is 0. % is stronger than $0. 149. Europe The central bank appears to be raising interest rates Basis points on Thursday in an attempt to rein in red-hot inflation. elsewhere, offshore 13105 RMB fell to unprecedented levels 7.151 USD/USD weakened after Chinese leader Xi Jinping’s leadership selection at the biannual Communist Party Congress sparked fears that growth would be sacrificed to ideology. policy. 1000 Share FacebookTwitterPinterestWhatsApp Previous article'Guillermo del Toro's Cabinet of Curious' Review: An Unbalanced Horror Octet, Jennifer Kent's Entry HighlightsNext articleAfter a 0-3 start, what should the Lakers do against Russell Westbrook? | first thing farahat RELATED ARTICLES Economy Bankman-Fried explored paying Trump not to run for president, book excerpt says October 2, 2023 Economy Buoyant dollar within striking distance of 150 yen October 2, 2023 Economy Japan startup develops ‘Gundam’-like robot with $3 million price tag October 2, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! 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