The U.S. dollar neared its lowest in seven months against other major currencies, after data last week suggested the Federal Reserve could slow the pace of its rate hikes, while China re-opening its borders boosted riskier currencies. | Reuters
Friday’s monthly employment report showed an increase in the number of workers on non-farm payrolls, and a slowing in wage growth – welcome news for the U.S. central bank.
“If it were another 5 percentage points lower, then that would be obviously deep recession territory, which, historically, has generally been associated with a stronger dollar against everything other than the yen and the Swiss franc,” he said. Fed fund futures now show investors believe the most likely outcome for the Fed’s February meeting is for a 25-basis point increase.The dollar index, which measures the U.S. dollar against six major currencies, was last down 0.1 percent at 103.62, having fallen 1.15 percent on Friday as investors shifted into riskier assets.
Sterling was on the charge again on Monday, rising 0.55 percent to $1.2159, after having spiked by 1.5 percent on Friday. The euro rose 0.28 percent to $1.0674, building on a 1.17 percent rally on Friday. The Japanese yen was the outlier among the major currencies, easing 0.2 percent to 132.33 per dollar.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
'Once in a century' flood cuts off communities in northwestern AustraliaPrime Minister Anthony Albanese describes the flooding as 'devastating' and pledges federal assistance.
Baca lebih lajut »
'Once in a century' flood cuts off communities in northwestern AustraliaPrime Minister Anthony Albanese describes the flooding as 'devastating' and pledges federal assistance.
Baca lebih lajut »
United States, South Korea to partner on advanced air mobility developmentThe U.S. Federal Aviation Administration said on Saturday it had agreed to partner with the Korea Office of Civil Aviation future Advanced Air Mobility aircraft development and operations. | Reuters
Baca lebih lajut »
US, South Korea to partner on advanced air mobility developmentThe US Federal Aviation Administration said on Saturday it had agreed to partner with the Korea Office of Civil Aviation future Advanced Air Mobility aircraft development and operations.
Baca lebih lajut »
Bolsonaro supporters invade Brazil presidential palace, Congress, Supreme CourtLeftist President Luiz Inacio Lula da Silva announces a federal security intervention in Brasilia lasting until January 31 after capital security forces initially were overwhelmed by the invaders.
Baca lebih lajut »
MUFG expects peso to rebound in 2nd half - BusinessWorld OnlineMUFG Global Markets Research expects the peso to strengthen against the dollar in the second half of the year as it sees inflation easing and the country’s current account deficit narrowing. “Fundamentals were more domestically supported and externally dragged in 2022. There may be some partial reversal in 2023. A more balanced current account outlook […]
Baca lebih lajut »