The U.S. dollar slipped on Wednesday ahead of a closely-watched inflation reading later in the day that will provide clues on the path of Federal Reserve interest rate hikes.
Meanwhile, Philadelphia Fed Bank President Patrick HarkerMoney markets are pricing in a roughly 74% chance that the Fed will raise rates by 25 basis points next month, though multiple rate cuts are also being priced in as early as July through to the end of the year.
Banking turmoil sparked by the collapse of Silicon Valley Bank last month has added to bets that the Fed would not raise rates as high as previously feared in order to ease stress on the sector.that the U.S. central bank should be patient about raising interest rates in the face of recent banking sector stress.
Against the yen , the dollar slipped 0.06% to 133.62, though was perched near Monday's one-month high of 133.87 yen, a reflection of the stark contrast between the Fed's aggressive monetary policy tightening cycle and the Bank of Japan's ultra-loose policy.in its global financial stability report released on Tuesday that the BOJ could help prevent abrupt policy changes later by allowing more flexibility in its yield curve control policy.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Newark school board candidates forum set for Wednesday, ahead of April 25 electionThe virtual forum at 6 p.m. on April 14 is intended to educate voters and improve last year's low 3% turnout
Baca lebih lajut »
Forex Today: US Dollar strengthens ahead of US InflationThe US Dollar rose on Monday on holiday-thinned trading, amid higher US yields. On Tuesday, China will inform inflation figures, and Australia Consume
Baca lebih lajut »
US Dollar loses strength ahead of key US CPI dataThe US Dollar (USD) stays on the back foot on Tuesday and weakens against its major rivals as investors gear up for the highly anticipated March Consu
Baca lebih lajut »
US Dollar Index: DXY bears hold the reins near 102.00 ahead of US inflation, Fed MinutesUS Dollar Index: DXY bears hold the reins near 102.00 ahead of US inflation, Fed Minutes – by anilpanchal7 DollarIndex Fed Inflation RiskAversion Recession
Baca lebih lajut »
D.C.-area forecast: Big warm-up this week, with 80s starting WednesdayThe second half of the week is more like mid-June than mid-April.
Baca lebih lajut »
Mainly Dry And Trending Warmer Through Wednesday - Alabama NewsThe sky remains partly to mostly cloudy across our area on average Monday afternoon. Monday afternoon remains breezy with an east-northeast wind of 10 to 15 mph. Temperatures likely remain cool, with highs in the upper 60s to low 70s.
Baca lebih lajut »