From The Economic Times · Reuters · · 1m
Dollar Pauses as Fed Focus Intensifies
Dollar dips briefly before Fed rate decisions next week.
In brief
Dollar dips briefly before Fed rate decisions next week. Dollar briefly dipped as investors anticipated hawkish central bank rate moves in Japan, US, and Europe next week. Originally reported by The Economic Times.
Dollar Pauses
Dollar took a brief pause Thursday as investors prepared for central bank meetings next week.
Sterling Rises
Sterling hit a one-month high of $1.3409 supported by hotter-than-expected British inflation.
Australian Dollar Holds
Australian dollar hung on above 70 US cents at $0.7025 after recent gains.
New Zealand Kiwi Rises
New Zealand kiwi reached a one-month high of $0.5709 ahead of expected rate hike.
Euro Stalls
Euro settled in tight range above $1.12 amid fiscal concerns and energy fragility.
Yen Holds at 158
Yen held steady at 158 to the dollar amid intervention threats and rate hike expectations.
Fed Rate Decision
Federal Reserve expected to hold rates at 3.75-4% in October but hike in December.
The headline
Dollar briefly dipped as investors anticipated hawkish central bank rate moves in Japan, US, and Europe next week.
