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Sunday, December 4, 2022

The super dollar is heading to close a week of increases

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The money markets show that investors currently expect US rates to peak around 5% in June Next year.

The dollar index contracted 0.2% to 106.375. so far week has risen 0.4%paring last week’s 4% drop, after US inflation data triggered one of the biggest weekly falls for the currency in decades.

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The euro rises 0.2% against the dollar to $1.0381, while the pound gains 0.5%, to $1.1926. Both have reached multi-month highs against the dollar since consumer inflation data showed a weakening of price pressures in the United States. Front of Japanese currency, the dollar remains stable around 140.27 yen.

The treasury bond yields They were also rising after Bullard’s remarks, but not enough to scale the week’s highs, with 10-year returns trading around 3.82%.

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Earlier this week, data from retail sales in the United States, what were they stronger than expected they also debunked speculation about a pause in rate hikes, as they seemed to suggest that consumers are still spending.

Source: Ambito

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