Dollar poised for third weekly gain as buoyant data seen keeping Fed cuts at bay

Dollar poised for third weekly gain as buoyant data seen keeping Fed cuts at bay

TOKYO, Jan 16 : The dollar was poised for a third weekly gain on Friday after positive U.S. economic data lowered expectations for rate cuts by the Federal Reserve anytime soon.The greenback rose overnight on a surprise decline in weekly jobless figures and was steady in Asian morning trade. The yen remained

Dollar poised for third weekly gain as buoyant data seen keeping Fed cuts at bay - Regional Media News

By Rocky Swift TOKYO, Jan 16 (Reuters) - The dollar was poised for a third weekly gain on Friday after positive U.S. economic data lowered expectations for rate cuts by the Federal Reserve anytime soon. The greenback rose overnight on a surprise decline in weekly jobless figures and was steady in Asian morning trade. The yen remained at levels that risked intervention in currency markets by Japan to defend its currency. Fed funds futures have pu…

Dollar Gains on Strong US Economic News and Hawkish Fed Comments

The dollar index (DXY00 ) climbed to a 6-week high on Thursday and finished up by +0.26%. The dollar is moving higher today on better-than-expected US economic news. Weekly jobless claims unexpectedly fell to a 6-week low, and the Jan Empire and Jan Philadelphia Fed business outlook surveys rose more...