From mint · · 1m 10s
Dollar Dips as Traders Wait on Fed
Dollar dips as traders wait on Fed; Aussie gains.
In brief
Dollar dips as traders wait on Fed; Aussie gains. US dollar dips as traders weigh oil-driven inflation risks and await Fed meeting, while Australian dollar rises on hawkish RBA comments. Originally reported by mint.
Dollar Dips
US dollar index dipped as traders weighed oil-driven inflation risks and waited for next week's Federal Reserve meeting.
Fed Outlook
Fed funds traders see only a small chance of a hike next week, with the next interest rate increase expected in December.
Aussie Gains
Australian dollar jumped after RBA deputy governor flagged materially worse inflation outlook.
French Unrest
French 10-year borrowing costs reached 24-year highs as anti-government protests pressured the euro.
AI Trade Impact
AI trade boosted US growth and inflation, keeping it above target while other countries lagged.
Sterling Rise
Sterling rose 0.16% to $1.34 after UK inflation rose more than expected, strengthening case for Bank of England rate increase.
Yen Firms
Yen firming to 158.12 per dollar as Bank of Japan signals scope for higher borrowing costs.
The headline
US dollar dips as traders weigh oil-driven inflation risks and await Fed meeting, while Australian dollar rises on hawkish RBA comments.
