Fed Decision Could Be Mildly Positive for Dollar, but Risks Remain The U.S. Federal Reserve is widely expected to raise interest rates by 25 basis points on Wednesday, but the accompanying announcement could be “mildly positive” for the dollar, according to ING currency analyst Chris Turner. Turner said that the Fed may want to push …
Fed Decision Could Be Mildly Positive for Dollar, but Risks Remain Read More »
The dollar held steady on Friday as data pointed to U.S. labor market resilience that could lead the Federal Reserve to keep interest rates higher for longer, while the yen wobbled after Japan’s core consumer inflation re-accelerated in June. Central bank meetings from Europe, Japan, and the United States are due next week, with investors …
Dollar firms, yen wobbles as Japan CPI holds above BOJ target Read More »
Dollar Holds Decline on Dovish Fed View The dollar index held below 100 on Monday after losing more than 2% last week and sinking to its lowest levels in fifteen months, as softer-than-expected US inflation data raised hopes that the Federal Reserve may be close to the end of its current monetary policy tightening cycle. …
The dollar slid to its lowest level in nearly 15 months on Wednesday, as investors questioned whether the Federal Reserve will continue to raise interest rates at the same pace after the July meeting. The U.S. Labor Department reported that consumer prices rose 8.6% in May, below expectations of 8.8%. This was the first time …
Dollar Slides as Weak Inflation Data Raises Questions About Fed’s Rate Hike Path Read More »
The dollar weakened on Wednesday as investors bet that the Federal Reserve will pause its interest rate hiking cycle after soft inflation data. The dollar index, which measures the greenback against a basket of six major currencies, fell 0.2% to 103.25. The euro rose 0.3% to $1.0800, while the British pound gained 0.2% to $1.2615. …