Dollar Mostly Firm Against Major Counterparts

RTTNews | 752 gün önce
Dollar Mostly Firm Against Major Counterparts

(RTTNews) - The U.S. dollar gained marginally against its major counterparts on Monday amid speculation the Federal Reserve will keep interest rates higher for longer duration to contain inflation.

Comments from Fed Governor Michele Bowman that the central bank needs to hike interest rates to bring inflation to the 2% target.

Bowman said she backed the latest rate increase last month because inflation remains too elevated, and job growth and other indications of activity show the economy has continued to expant at a moderate pace.

Traders also noted comments from New York Fed President John C. Williams that the central bank needs to keep the restrictive stance for some time.

The dollar index, which climbed to 102.38, dropped to around 101.98 around mid morning, but recovered subsequently, and was last seen at 102.10, up 0.08% from the previous close.

Against the Euro, the dollar is up marginally at 1.1004, and against Pound Sterling, it is weak at 1.2784.

Against the Japanese currency, the dollar firmed to 142.48 yen. The dollar settled little changed against the Aussie at 0.6575. Against Swiss franc, the dollar settled at CHF0.8730 today, not much changed from the previous close. Against the Loonie, the dollar was flat at C$1.3371.

read more
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 30 dakika önce
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | 1s 0 dakika önce
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | 2s 13 dakika önce
FTSE 100 Weak Again, Looks Headed For Weekly Loss

FTSE 100 Weak Again, Looks Headed For Weekly Loss

U.K. stocks are trading lower on Friday, losing ground for a fourth straight session, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews | 2s 46 dakika önce
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 2s 53 dakika önce