6/20/2023 0 Comments Dollar index market watch![]() The Australian dollar also had its best daily rise in a month, up 1.3% versus the U.S. The Japanese yen posted its best daily gain in a month, up 1% at 142.675 yen per dollar, as it clawed away from recent 24-year lows.īank of Japan Governor Haruhiko Kuroda said on Friday rapid yen moves were undesirable after a meeting with Prime Minister Fumio Kishida. The Bank of England said on Friday it would delay its next monetary policy meeting by one week due to the period of royal mourning. Sterling gained 0.8% to $1.1592, after a modest dip the previous day following the death of Queen Elizabeth. read moreĬurrencies perceived as riskier bets also benefited from an improvement in market sentiment to end the week, reflected in gains across European and U.S. European Union energy ministers were split on Friday over whether to cap Russian gas prices, as they met to work out steps to shield citizens. One of the big gainers was the euro, which leapt as much as 1.2% to a three-week high of $1.0114, a day after the European Central Bank raised its key interest rate by an unprecedented 75 basis points (bps).Įurope still faces a weak economic outlook, with sky-high energy prices squeezing consumers and businesses. is consistent with our view that the backdrop remains favorable for the dollar, as it stands to benefit from higher real rates while the global economy slows," wrote Jonathan Petersen, Capital Economics senior markets economist wrote in its latest research note. consumer price data next week likely to be closely watched.Ĭapital Economics expects the CPI to continue to edge lower. rate futures are pricing in an 87% chance of the Fed hiking by 75 bps hike this month, with fresh U.S. On Friday, the dollar index dropped as low as 108.35 and was last down 0.5% at 108.96. The greenback this week soared to a 24-year high against the yen, a 37-year peak versus sterling, wit the dollar index surging to a more than 20-year high. But this is not a reversal of the trend on dollar strength," he added. The market looked at everything overnight and decided that this is a good juncture to square up and that process has brought the dollar lower. "Probably position-taking will be light until the FOMC (Federal Open Market Committee) meeting. "Markets are getting a little nervous about levels, really historic levels, so the market decided not to push the dollar's strength at this juncture and lightened up positions," said Greg Anderson, global head of FX strategy, at BMO Capital Markets in New York. On the week, the dollar index, which tracks the greenback's value against six major peers, posted its first weekly fall in four on Friday. ![]() inflation report that could determine the size of the Federal Reserve's rate hike at this month's policy meeting. CNN Sans ™ & © 2016 Cable News Network.NEW YORK, Sept 9 (Reuters) - The dollar fell to a more than one-week low on Friday as investors consolidated gains after a sharp rise against most currencies, ahead of a U.S. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account
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