TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Forex

US data and rate hike bets fuel dollar strength By Reuters

by souhaib
November 17, 2021
in Forex
0
US data and rate hike bets fuel dollar strength By Reuters
74
SHARES
1.2k
VIEWS
Share on FacebookShare on TwitterShare on Reddit
ADVERTISEMENT


You might also like

Top 3 Central Banks Set to Raise Rates Again in May By Invezz.com

The dollar rises, but is on track for a new monthly loss By Investing.com

Italy tries to speed up the third disbursement of European funds after extension By EFE

US data and bets on rate hikes boost dollar strength
© Reuters. Illustrative file image of euro banknotes, Hong Kong dollars, United States dollars, Japanese yen, British pounds, and Chinese yuan taken on January 21, 2016. REUTERS / Jason Lee / Illustration / Archive

Por Saikat Chatterjee

LONDON, Nov 17 (Reuters) – The dollar was trading at a four-and-a-half-year high against the yen and 1.12 against the euro on Wednesday, following strong data in the United States and comments from policy makers in the United States. the Federal Reserve will boost expectations of a rate hike in mid-2022.

* Retail sales in the United States rose more than expected in October, according to data released Tuesday, adding to the boost provided this week by data that showed consumer prices in the country rose at the highest rate since 1990.

* “Yesterday’s strong retail sales figure did exactly what it was supposed to do and pushed the dollar into new bullish ground against a number of currencies,” said Jeremy Thomson-Cook, chief economist at international business payments specialist Equals. Mo.

* Money markets are pricing in a high probability of a Fed rate hike in June, followed by another in November. CME data suggests a 50% probability of a 25 basis point rate hike by July 2022.

* The, which measures the currency against six rivals, was up 0.1% to 96,053 units, having previously touched 95,884 for the first time since July last year.

* The greenback rose to 114.975 yen, its highest since March 2017, before falling back and trading at 114.77 yen.

* The euro fell sharply to $ 1.1263 for the first time since July 2020 before trading down 0.2% to $ 1.1319.

* Saint Louis Federal Reserve Chairman James Bullard said Tuesday that the central bank should “take a more restrictive approach” at its next meetings to prepare in case inflation does not start to subside.

* Meanwhile, the British pound rose to a one-week high against the US dollar and a 21-month high against the euro, after data showed UK inflation hit a 10-year high in October, boosting expectations of a rate hike as early as next month.

* As for cryptocurrencies, he was trading just below $ 60,000, after falling below that level on Tuesday for the first time this month. Last Wednesday it reached its all-time high at $ 69,000.

(Reporting by Saikat Chatterjee; Edited in Spanish by Javier Leira)

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Share30Tweet19Share
Previous Post

Justin Bieber and longtime mentor Usher at the NBA season opener in LA

Next Post

My eyes are two caves, and time is a sculptor.. a 100-year-old look at the oldest man in Sharqia.. Today’s picture

souhaib

Recommended For You

Top 3 Central Banks Set to Raise Rates Again in May By Invezz.com

by souhaib
April 24, 2023
0
Top 3 Central Banks Set to Raise Rates Again in May By Invezz.com

© Shutterstock Top 3 central banks set to raise rates again in May Invezz.com - Frustration is the name of the game in the FX space, as FX...

Read more

The dollar rises, but is on track for a new monthly loss By Investing.com

by souhaib
April 24, 2023
0
The dollar rises, but is on track for a new monthly loss By Investing.com

© Reuters. By Peter Nurse Investing.com - The US dollar gains positions at the start of trading on Monday in Europe, but is on track for a second...

Read more

Italy tries to speed up the third disbursement of European funds after extension By EFE

by souhaib
April 22, 2023
0
Italy tries to speed up the third disbursement of European funds after extension By EFE

© Reuters. Italy tries to speed up the third disbursement of European funds after extension Rome, Apr 21 (.).- The Italian Government held a meeting today to speed...

Read more

The Sao Paulo Stock Exchange does not operate because it is a holiday

by souhaib
April 22, 2023
0
The Sao Paulo Stock Exchange does not operate because it is a holiday

The Sao Paulo Stock Exchange does not operate because it is a holiday

Read more

As the Sri Lankan currency soars, will the Pakistani rupee follow? By Invezz.com

by souhaib
April 22, 2023
0
As the Sri Lankan currency soars, will the Pakistani rupee follow?  By Invezz.com

As the Sri Lankan currency soars, will the Pakistani rupee follow? Invezz.com - The Sri Lankan currency has had one of the best results in 2023. According to...

Read more
Next Post
My eyes are two caves, and time is a sculptor.. a 100-year-old look at the oldest man in Sharqia.. Today’s picture

My eyes are two caves, and time is a sculptor.. a 100-year-old look at the oldest man in Sharqia.. Today's picture

No Result
View All Result

Recent Posts

  • NBA: Chris Paul ‘to become a free agent as the Phoenix Suns waive future Hall of Famer’
  • Pedro Pascal recounts his family’s tough immigration story
  • Watch: Kilauea Volcano Erupts on Hawaii’s Big Island
  • GameStop Just Fired Its CEO and Canceled Its Earnings Call.
  • Bank of America Travel Rewards Credit Card for Students Review 2023

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Entertainment
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Politics
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Entertainment
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Politics
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide