Thu, March 28, 2024

Forex

Dollar

Dollar six-week high

The dollar hit a six-week high as strong U.S. economic data led traders to bid for higher interest rates. Fewer Americans filed new claims for unemployment benefits last week than expected. Monthly producer prices rose the most in January in seven months. The Fed’s target range is currently 4.53% to 4.76%, with a sharp increase …

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dollar

The dollar eased after a strong US economic data

The dollar fell as investors grabbed riskier currencies after strong US economic data boosted confidence in the outlook for global growth, even as the Federal Reserve raised interest rates further. Reports from the US Commerce Department showed that US retail sales rebounded sharply, driven by big-ticket purchases such as cars and other goods. This came …

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dollar

Dollar gains on yen

The dollar was testing a five-week high against its major peers on Monday, with particular gains against the rate-sensitive Japanese yen as investor speculation that the Federal Reserve is going to keep monetary policy on hold for longer pushed U.S. yields higher. These expectations will be challenged or highlighted by the main event of the …

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