The Dollar Reached a New High at Dawn, the Forint Is Under Pressure
8 Articles
8 Articles
The dollar strengthened further on Thursday after higher-than-expected US inflation data was released on Wednesday. As a result, the market has essentially priced in a December interest rate hike, and one Fed decision-maker even considers a 50 basis point hike to be out of the question. On Thursday, trading is likely to be more subdued ahead of Friday's US producer price index, with the dollar index likely to test the resistance band between 102…
aljazeera.net
Today, Thursday's dollar rose to its highest level in 19 months compared to the major currencies, supported by increasing expectations to raise the US interest rate.
The dollar continued its gains against major currencies on Thursday, supported by growing expectations that the Federal Reserve will raise interest rates in the United States. The dollar index, which measures the performance of the US currency against a basket of six major currencies, rose 0.25% to trade at 103.01 points, after touching 103.08 points, its highest level since April 2015. Traders intensified their bets […] The article "Dollar Hits…
As the dollar index reached its highest level in 19 months, gram gold was trading at 6,428 Turkish Lira as of 09:15, down 0.12 percent. Quarter gold was selling for 10,591 Turkish Lira, while ounce gold was trading at $3,977, down 0.20 percent.
Today, Thursday, the US dollar rose to its highest level in 19 months against a basket of major currencies, supported by increased expectations of higher US interest rates, following inflationary statements that exceeded estimates and statements by Federal Reserve officials that kept monetary policy high.
Higher-than-anticipated U.S. inflation led to this increase.
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