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Markets 3 years ago
Dollar strengthens as Fed expected to stay hawkish, yen fragile
The dollar firmed on Monday after strong consumer spending data pointed to persistent underlying inflation pressure, cooling bets that the US Federal Reserve could flag a slowdown in its aggressive interest rate hikes.
Markets 3 years ago
Dollar eases amid bets on less hawkish Fed, sterling firm
The safe-haven US dollar eased against peers on Tuesday amid signs Federal Reserve rate hikes are already putting the brakes on the world's biggest economy, while risk sentiment improved with Rishi Sunak about to become Britain's prime minister.
Markets 3 years ago
Asia stocks jump as relief rally builds after UK U-turn
Asia stocks nudged higher on Tuesday as the dramatic U-turn in British fiscal policy brightened investor sentiment, while the US dollar took a breather at its lowest levels in more than a week as a revival in risk-taking lowered its appeal.
Economy 3 years ago
Biden says "not concerned" about strength of US dollar
"I'm not concerned about the strength of the dollar. I'm concerned about the rest of the world," Biden told reporters in the western state of Oregon when asked about the dollar, which has strengthened to the upper 148 yen level, just below the psychologically important 150 yen line.
Markets 3 years ago
Dollar at 24-year peak to yen as US yields jump; sterling on the ropes
The dollar rose to a fresh 24-year high against the yen on Wednesday, moving above levels that prompted intervention by Japanese officials last month, as traders braced for US inflation data and its impact on further Federal Reserve rate hikes.
Economy 3 years ago
PREMIUM
Some win, some lose: Industries expect further rupiah drop
The decline in the rupiah’s exchange value has had a mixed impact on Indonesian businesses, with many expecting more pressure as input costs rise, while some stand to gain more revenue from customers paying in United States dollars.
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