The U.S. dollar eased slightly as investors digested the possibility that Federal Reserve may raise interest rates further than expected, while sterling edged higher ahead of the Bank of England policy meeting. | Reuters
“We are seeing a slight pullback in dollar after the big moves yesterday,” Alvin Tan, head of Asia FX strategy, RBC Capital Markets, pointing out that market activity was muted as a result of a public holiday in Japan.
“They are going to reduce the pace but keep on tightening,” he added, noting that this was not something new but pushes back the growing narrative of a Fed pivot because of slowdown in growth. “This shall further embolden expectations of policy divergence with a much hawkish Fed relative to other central banks around the world. Further tightening of financial conditions shall put downward pressure on risk assets and strengthen the dollar.”Meanwhile, the pound was last trading at $1.1412, up 0.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
China stocks notch trillion-dollar gain on hopes of reopening, better U.S. tiesChinese markets soared, and the yuan rose with about a trillion dollars added to the value of Chinese stocks in week as rumors and news reports fed hopes for twin relief in U.S.-China tension and China’s tough COVID rules. | Reuters
Baca lebih lajut »
Strong dollar pushes up Philippine debt to P13.5 trillionSince the start of 2022, the national government's debt has gone up by 15.2%.
Baca lebih lajut »
China stocks notch trillion-dollar gain on hopes of reopening, better US tiesGains in value across Hong Kong, Shenzhen, and Shanghai over the week are approximately $1 trillion.
Baca lebih lajut »
Oil slips as dollar firms, but supply worries check lossesSINGAPORE - Oil futures fell early on Thursday as the dollar firmed on the Federal Reserve&039;s hawkish stance, but concerns over looming supply risks kept a floor under prices. Brent crude
Baca lebih lajut »
Fed jacks up interest rates again, hints at smaller increases ahead - BusinessWorld OnlineWASHINGTON – The Federal Reserve raised interest rates by three-quarters of a percentage point again on Wednesday and said its battle against inflation will require borrowing costs to rise further, yet signaled it may be nearing an inflection point in what has become the swiftest tightening of U.S. monetary policy in 40 years. The double-sided […]
Baca lebih lajut »