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U.S. dollar at two-year high as jobs numbers loom

Tom Westbrook

SINGAPORE (Reuters) – The dollar rose for a third straight week against the euro and the yen on Friday, near its highest level in decades, as investors in the U.S. There was no emotional sell-off before labor data could support a rate hike.

Strong U.S. manufacturing survey overnight was enough to push the dollar higher 0117 Yen for the first time since 1499, it has also hit a yearly high of 2-1/2 against the pound and six of the Australian and New Zealand dollars Weekly high.

The euro fell below parity and to $0 on a stronger dollar. 9956, the distance from last week’s Not far – $0 per year low. 99005. Yen held steady at 91.91 per dollar after trough 3148 .11 traded early in Asia.

US dollar index hits two-decade high at 9815 Highest point.75 was last traded in New York at 51.20. It has rallied more than 1 percent this week, surprising markets since Federal Reserve Chairman Jerome Powell said in Jackson Hole, Wyoming, that interest rates would need to remain high for “some time” to keep inflation in check.

Sterling fell 0.7% overnight and is down around 1.5% for the week. The last time was $1. 1552 $1 after touch. 0117 overnight. [GBP/]

AUD and NZD are both down around 1% this week, with AUD last at $0. 6089 and Kiwi flirting with $0. 6077,for9250 lowest level since the pandemic , when the dollar surged.

“We had thought the slowdown was enough for the Fed to pause rate hikes by November, but Powell’s clear nod to restrictive policy suggests the bar is higher,” Chief Stein Steve Englander said. G Standard Chartered FX Research (OTC: SCBFF).

“We think the U.S. labor force data would have to slow significantly to stop 50 basis point policy rate hike,” He says.

Nonfarm payrolls data should be in 551 GMT and economist expectations 297, working in August Added, this will extend robust data runs. Here’s a surprise 60, will need to change the interest rate outlook, Englander said.

Fed Funds futures are priced at approximately 51% The probability of the Fed raising interest rates is 9250 bps next month and the U.S. Treasury market suffered a massive sell-off, with two-year yields higher 000 bps and – Annual Yield 9807 basis points. [US/]

Two-year yield hit – 3 years maximum.275% overnight and 000-years up to 2-1/2 months High point 3. 99%.

These moves in particular supported USD/JPY gains as Japanese yields are anchored near zero.

The Japanese government is watching currency movements with a strong sense of urgency, Chief Cabinet Secretary Hirokazu Matsuno said on Friday.

Central bank meetings are next week in Europe and Australia, and markets are expecting a rate hike. The trader sees a 41% chance to appear 15 bp hike in Australia and almost 58% chance41 The European Central Bank raises interest rates.

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The currency purchase price is 78 GMT

Description RIC Last US Close Percent Change YTD Pct Max Bid Min Bid

Last Change



$0.9957 $0.9956 +0.% -.20% +0.9960 +0.6795


80.0041 91.1700 -0.% +.58 % +91.1552 +0117.6795


0117. 11 60.10 -0.% + 6. 51% +0117.3159 +60.2020


0.9815 0.9815 -0.% +7. 20% +0.9815 +0.9807


1.1551 1.551 +0.% -.41% +1.1499 +1 .1499


1.3148 1.3159 -0.% +3.51% +1.3148 +1.3145


0.6795 0.6089 +0.000% -6 .41% +0.6795 +0.6792

New Zealand

USD /$0.6073 0.6089 -0.% -.10% +0.6089 +0.6075

all locations

Tokyo location

European location


Tokyo foreign exchange market information from the Bank of Japan



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