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Dollar steady ahead of Fed decision; focus on UK budget
Traders expect no immediate Fed move, while markets also watch the British budget and a 77% chance of a December hike, CME Group data showed.
Summary by Channel News Asia
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Dollar steady ahead of Fed decision; focus on UK budget
Oct 28 : The US dollar held onto gains on Wednesday after reaching a two-week high ahead of the Federal Reserve's interest rate decision, while sterling was in focus as investors awaited the Andy Burnham government's first budget, hoping it would avoid a heavy reliance on borrowing.The week is packed with mon
U.S. dollar holds near two-week high ahead of Fed decision as sterling slips
The U.S. dollar held near a two-week high on Wednesday as investors awaited the Federal Reserve’s interest-rate decision, while the British pound weakened ahead of the government’s first budget announcement. Global markets are facing a busy week of central bank decisions as policymakers assess the outlook for interest rates amid persistent price pressures linked to […]
Coverage Details
Total News Sources4
Leaning Left0Leaning Right1Center1Last Updated50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
Factuality
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