Dollar near one-month high as yen edges toward 160
- The dollar held near a one-month high in Asian trading on Thursday, supported by expectations of a Federal Reserve rate hike, while the Japanese yen edged toward the psychologically important 160-per-dollar level.
- Traders ramped up bets on further Fed tightening after stronger-than-expected October CPI data, as US central bank officials expressed concern over stubborn inflation and left open the possibility of larger rate increases.
- Currency data showed the dollar index rose 0.63% to 102.85, its highest level since October 14, reflecting broad strength in early Asian trading against a basket of major currencies including the yen and euro.
- Japan's chief currency official Atsushi Mimura said recent currency moves had been "too fast," warning it was too soon to forget about intervention efforts seen this summer.
- A Reuters poll shows the BOJ may hike rates as soon as next month, while major brokerages including Goldman Sachs now expect additional increases early next year in addition to a December move.
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37 Articles
The dollar is maintaining its high levels against major currencies on expectations that the Fed may pursue stronger interest rate hikes. While pressure on the euro and Japanese yen continues, the sharp rise in US bond yields is supporting the dollar's trajectory.
Today, the United States dollar, near its highest level in 19 months, has stabilized, supported by rising expectations of the US Federal Reserve's tendency to tighten monetary policy and raise interest rates.
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برس بيThe dollar held steady near its highest level in 19 months on Tuesday, following strong gains over the week fueled by growing expectations of further US interest rate hikes. The euro slipped 0.1% to $1.1049, close to its lowest level against the US currency since April 2025. On a weekly basis, it fell 0.8%, heading for its biggest weekly loss since late September. The yen was little changed at 159.875 against the dollar, near its lowest level si…
(Tokyo=Yonhap News) Correspondent Seong-mi = The yen is only worth about 2 months due to the expectation that interest rate differences with Japan will widen due to the expectation that interest rate hikes will accelerate in the US...
The yen continues to weaken, with the value of the yen returning to the 160 yen per dollar range due to expectations of interest rate hikes following the rise in the U.S. consumer price index and the Bank of Japan's cautious monetary policy. Citing past instances of large-scale market intervention, the Japanese government expressed caution regarding rapid exchange rate fluctuations and strongly hinted at the possibility of market intervention.
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