From Brecorder · Reuters · · 1m
Dollar Hits 19-Month High as Fed Hike Bets Grow
Dollar soars to 19-month peak as Fed rate hike expectations surge, yen edges toward 160.
In brief
Dollar soars to 19-month peak as Fed rate hike expectations surge, yen edges toward 160. Dollar index reaches 103.02, highest since April 2025, after strong inflation data and Fed rate hike bets grow, while yen approaches 160 per dollar following dovish Bank of Japan comments. Originally reported by Brecorder.
Dollar Index Rises
Dollar index climbs to 103.02, highest since April 2025, after strong Fed rate hike expectations.
Fed Rate Hike Bets Grow
Traders ramp up bets on further Fed rate hikes following stronger-than-expected October inflation data.
Yen Approaches 160
Yen edges toward 160 per dollar after dovish Bank of Japan comments and trader activity.
Bank of Japan Dovish Remarks
Bank of Japan board member Toichiro Asada pushed back against calls for a near-term rate hike, warning of economic harm.
Yen Intervention Risk
Market analysts warn yen could face intervention if dollar/yen rises above 160.
Wholesale Inflation Re-accelerates
Japan's annual wholesale inflation re-accelerated to 7.1% in October, up from 6.8% in September.
In short
Dollar index reaches 103.02, highest since April 2025, after strong inflation data and Fed rate hike bets grow, while yen approaches 160 per dollar following dovish Bank of Japan comments.
