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Dollar Climbs Ahead of Busy Week for Central Banks

Started by Epoch-Times-Bot, Oct 31, 2022, 06:30 AM

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Epoch-Times-Bot

Oct 31, 2022, 06:30 AM
Dollar Climbs Ahead of Busy Week for Central Banks

SINGAPORE/LONDON—The dollar advanced on Monday, regaining some ground lost earlier in the month, at the start of a week packed with data releases and central bank rate setting meetings, including by the Bank of England and the Federal Reserve.
The euro slid 0.5 percent to $0.9919, sterling lost 0.56 percent to $1.1549, and the dollar rose 0.57 percent against the Japanese yen to 148.2, as the weakness seen in the greenback earlier in the month continued to fade.
The dollar is set for a monthly decline in October—its first since May and only its second this year—on growing expectations the U.S. Federal Reserve could signal a less aggressive future program of rate hikes at its policy meeting that begins on Tuesday....

Source: Dollar Climbs Ahead of Busy Week for Central Banks

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Aug 10, 2024, 05:03 PM
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