Dollar sellers hit pause for US inflation data
- On Tuesday, the dollar found support in Asia as markets awaited US inflation data that could bolster Federal Reserve rate hike bets.
- Expectations for rate cuts turned to bets on hikes this year after the US-Israeli war on Iran drove up energy prices and fueled inflation.
- The euro jumped 0.7 per cent to $1.1220, reversing a Friday fall, while Japan sold $97 billion in reserves defending the yen through late July and August.
- Markets price an 85 per cent chance of a Federal Reserve rate increase next month, though fears a Democratic sweep of Congress could slow growth.
- Macquarie strategists Thierry Wizman and Gareth Berry said, "This could be a factor that slows US growth in 2027 and helps put a top in for the dollar.
32 Articles
32 Articles
Why did the dollar rise? Expectations of new rate hikes in the United States boosted bond yields and strengthened the currency.
The commercial dollar rises in moderate pace on the morning of Friday, without relief even after it has risen 1.62% and reached the highest closing value since June 2025 on the eve. The domestic exchange continues to be pressured by the mistrust of the market about the government's fiscal policy after the approval in the Senate of the basic text of the project that aims at the economy of about R $ 50 billion of the next year's budget. Moreover, …
US dollar slips ahead of US inflation report - London Business News
The US dollar edged lower on Tuesday as Treasury yields declined ahead of the US inflation report. Signs that tensions with Iran could ease as diplomatic efforts continue have reduced… The post US dollar slips ahead of US inflation report appeared first on London Business News
US dollar steadies as Fed governor calls for more rate hikes
[GDANSK/LONDON] The US dollar nudged higher on Tuesday (Nov 10) following a bumpy few days, helped by hawkish remarks from Federal Reserve Governor Christopher Waller ahead of US inflation data that c... Read more at The Business Times.
Falling oil prices and rising stock markets have led investors to shift towards riskier assets, causing the dollar to give back its gains. The dollar index hovered around 101.7 on Tuesday as markets awaited the US October inflation report for its impact on interest rate expectations.
Channel News Asia
Dollar sellers hit pause for US inflation data
SYDNEY, Nov 10 : The dollar found support following a bumpy few days and held firm in Tuesday's Asia session while traders waited for US inflation data, which could push it higher if it bolsters rate hike bets.A tumble in oil prices and gains overnight for stocks had knocked the dollar lower as investors rota
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