NewsFeeder
10-10-2018, 08:40 PM
Dollar steady, yen at October highs after U.S. stocks slide
The dollar index, a gauge of its value against six major currencies, fell 0.11 percent to 95.407 on Thursday, after hitting a high of 95.79 in the previous session. The U.S. Federal Reserve's apparent determination to raise interest rates over the next 12 months has driven up U.S. Treasury yields, which have been further bolstered by good economic data. "We expect rising inflation to keep the Fed hiking interest rates at its current once-a-quarter pace until the middle of 2019," Capital Economics said in a note.
https://finance.yahoo.com/news/dollar-steady-yen-october-highs-013316758.html?.tsrc=rss
The dollar index, a gauge of its value against six major currencies, fell 0.11 percent to 95.407 on Thursday, after hitting a high of 95.79 in the previous session. The U.S. Federal Reserve's apparent determination to raise interest rates over the next 12 months has driven up U.S. Treasury yields, which have been further bolstered by good economic data. "We expect rising inflation to keep the Fed hiking interest rates at its current once-a-quarter pace until the middle of 2019," Capital Economics said in a note.
https://finance.yahoo.com/news/dollar-steady-yen-october-highs-013316758.html?.tsrc=rss