Empower your business in Sri Lanka and internationally with Prifinance expert corporate and financial services. Streamline company formation and investment opportunities with our tailored advice and solutions.

Dollar firms after upbeat U.S. data raises rate hike expectations

TOKYO, Nov 24 (Reuters) - The dollar firmed in Asian trading on Thursday after news of a pickup in U.S. economic growth early in the fourth quarter increased the chances of the Federal Reserve tightening monetary policy. The dollar index, which tracks the greenback against a basket of six major peers, rose 0.1 percent to 101.79, pushing back toward its overnight high of 101.
online pharmacy buy ciprodex with best prices today in the USA

91, its highest in nearly 14 years.

U.S. markets will be closed Thursday for the Thanksgiving holiday, while Tokyo markets were closed for a public holiday on Wednesday. Investors are now pricing in a nearly 100 percent probability of a December Fed rate increase, according to CME FedWatch, and some investors expect more hikes in 2017 if economic momentum is sustained. U.S. data on Wednesday showed new orders for U.S. manufactured capital goods rebounded last month on rising demand for machinery and equipment, while consumer sentiment rose this month following Donald Trump's election which many viewed as positive for their personal finances and the economy. "The economic figures were better than expected, which also pushed up chances of an interest rate hike next month, to nearly 100 percent, with more hikes possible after that," said Kaneo Ogino, director at foreign exchange research firm Global-info Co in Tokyo. The dollar was up 0.1 percent at 112.56 yen after rising as high as 112.
buy minocin online https://bccrf.org/minuet/wp-content/uploads/2020/08/png/minocin.html no prescription pharmacy

98 yen on Wednesday, its loftiest peak since March. "The market is still short dollars, and Japanese importers are still far behind to cover their exposure, so the downside will be limited even with this unexpected high-speed dollar rise," he said. Minutes of the Fed's Nov. 1-2 meeting, the last one ahead of the election, were released on Wednesday and showed the central bank was gearing up to raise rates.
online pharmacy buy diflucan with best prices today in the USA

Voting members of the Fed's rate-setting committee saw equal risks the economy would overshoot or undershoot their forecasts for continued growth and a tightening labour market.

The dollar has strengthened since Trump was elected president as U.S. Treasury yields spiked on expectations that the new administration would boost debt-funded stimulus spending and stoke inflation.
online pharmacy buy strattera with best prices today in the USA

Since Trump's Nov. 8 victory, global bond markets have lost close to $2 trillion, according to Bank of America Merrill Lynch data. Japan's top currency diplomat Masatsugu Asakawa said there will be no change to Japan's currency policy after Trump forms his administration, the Nikkei newspaper reported on Thursday.

The euro shrugged off an upbeat reading on business activity and dipped 0.1 percent to $1.0540, wallowing not far from its overnight low of .
buy cenforce online https://bccrf.org/minuet/wp-content/uploads/2020/08/png/cenforce.html no prescription pharmacy

05265, which was its lowest since December 2015. Euro zone business activity expanded the most in nearly a year in November on strong manufacturing and buoyant services growth in Germany, raising hopes that economic momentum is picking up again.

Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x