China to speed up vaccination against Covid-19 virus among the elderly, health authorities declared on Tuesday, aiming to overcome a key stumbling block in efforts to ease unpopular “zero-COVID” policy restrictions.
The dollar index fell to 106.82 from a 20-year high of 114.78 on September 28.as investors expect US rates to peak early next year, with inflationary pressures expected to ease
The euro was down 0.15% against the US currency at $1.0324. The dollar fell 0.15% to 138.69 yen. And the offshore yuan also rose against the dollar to 7.1445 units.
European Central Bank President Christine Lagarde declared that euro zone inflation had not peaked and risked being even higher than expected, hinting at a series of interest rate hikes. .
Economists polled by Reuters expect euro zone inflation to come in at 10.4% year-on-year.
The market will closely follow the comments of the Fed Chairman, Jerome Powell on Wednesday, looking for further signs of further tightening, and US jobs data for November to be released on Friday.
The US central bank is expected to raise rates by an additional 50 basis points when it meets on December 13-14.
Source: Ambito
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