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Dollar Drops as Optimism Spreads Before Fed and BoE Decisions

Started by Epoch-Times-Bot, Nov 01, 2022, 08:45 AM

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Epoch-Times-Bot

Nov 01, 2022, 08:45 AM
Dollar Drops as Optimism Spreads Before Fed and BoE Decisions

TOKYO/LONDON—The U.S. dollar sank from a one-week high against a basket of major peers on Tuesday as the mood in financial markets brightened ahead of key Federal Reserve and Bank of England (BoE) meetings this week.
The Fed is widely expected to raise its benchmark rate by 75 basis points (bps) on Wednesday, its fourth such increase in a row. But for the December meeting, futures markets are split on the odds of a 75- or 50-bps increase.
Over in Britain, the BoE is also expected to raise rates by an outsized 75 bps on Thursday before slowing back down to hike by 50 bps in December....

Source: Dollar Drops as Optimism Spreads Before Fed and BoE Decisions

xenzol

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Aug 11, 2024, 01:31 AM
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