Dollar Rises Against Major Counterparts On Rate Hike Bets

RTTNews | 936 hari yang lalu
Dollar Rises Against Major Counterparts On Rate Hike Bets

(RTTNews) - The U.S. dollar climbed higher against its major rivals on Friday, lifted by expectations the Federal Reserve will continue to hold interest rates higher for more time.

Data showing an improvement in consumer sentiment, and a rebound in near-term inflation expectations supported the dollar.

Data released by the University of Michigan this morning showed U.S. consumer sentiment saw a continued improvement in February. The report showed the consumer sentiment index rose to 66.4 in February from 64.9 in January. Economists had expected the index to inch up to 65.0.

The consumer sentiment index increased for the third straight month, reaching its highest level since hitting 67.2 in January 2022.

Meanwhile, one-year inflation expectations climbed to 4.2% in February from 3.9% in January, with expectations rebounding after falling for three straight months.

Richmond Fed President Thomas Barkin said it's important for the U.S. central bank to continue to raise rates to ensure it brings inflation back to the 2 percent target.

The dollar index surged 103.68 before easing slightly to 103.59, still up 0.36% from the previous close.

Against the Euro, the dollar firmed to 1.0680 from 1.0743.

The dollar strengthened to 1.2060 against Pound Sterling, gaining from 1.2121.

Against the Japanese currency, the dollar eased marginally to 131.38 yen.

The dollar is trading at 0.6917 against the Aussie, rising 0.3%. Against Swiss franc, the dollar advanced to CHF 0.9238 from CHF 0.9222. Against the Loonie, the dollar firmed to C$ 1.3445 from C$ 1.3359.

read more
U.S. Services Index Climbs To Six-Month High In August

U.S. Services Index Climbs To Six-Month High In August

Service sector growth in the U.S. accelerated by more than anticipated in the month of August, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI rose to 52.0 in August from 50.1 in July, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.5.
RTTNews | 58 minit yang lalu
U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

A report released by the Labor Department on Thursday showed labor productivity in the U.S. surged by much more than previously estimated in the second quarter of 2025. The Labor Department said labor productivity shot up by 3.3 percent in the second quarter compared to the previously reported 2.4 percent jump. Economists had expected the increase in labor productivity to be unrevised.
RTTNews | 1j 16min yang lalu
U.S. Trade Deficit Widens More Than Expected As Imports Spike

U.S. Trade Deficit Widens More Than Expected As Imports Spike

With the value of imports spiking, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of July. The Commerce Department said the trade deficit shot up to $78.3 billion in July from a revised $59.6 billion in June. Economists had expected the trade deficit to increase to $75.7 billion.
RTTNews | 1j 46min yang lalu
U.S. Jobless Claims Rise More Than Expected To Two-Month High

U.S. Jobless Claims Rise More Than Expected To Two-Month High

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 30th. The Labor Department said initial jobless claims climbed to 237,000, an increase of 8,000 from the previous week's unrevised level of 229,000.
RTTNews | 1j 50min yang lalu
U.S. Private Sector Job Growth Slows More Than Expected In August

U.S. Private Sector Job Growth Slows More Than Expected In August

A report released by payroll processor ADP on Thursday showed private sector employment in the U.S. increased by less than expected in the month of August. ADP said private sector employment rose by 54,000 jobs in August after jumping by an upwardly revised 106,000 jobs in July. Economists had expected private sector employment to rise by 65,000 jobs.
RTTNews | 2j 8min yang lalu
U.S. Weekly Jobless Claims Rise More Than Expected

U.S. Weekly Jobless Claims Rise More Than Expected

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 30th.
RTTNews | 2j 57min yang lalu