The dollar edged higher on Monday in thin and choppy trading, in line with higher U.S. Treasury yields as investors braced for multiple half a percentage-point rate hikes this year from the Federal Reserve.
Volume was light on the day with Hong Kong, European, and Australia, and New Zealand markets closed for Easter Monday.
The U.S. rate futures market has priced in 96% chance of a 50 basis-point hike at next month's Fed policy meeting, and about 215 basis points in cumulative rate increases. At Monday's lows, the yen was nearly 10% weaker than where it was at the beginning of March. It fell nearly 2% against the dollar last week, marking a sixth straight losing week.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
US Dollar Forecast: Fed Chairman Powell to Speak at IMF MeetingDevelopments coming out of the IMF 2022 Spring Meeting may influence the US Dollar as Chairman Jerome Powell is scheduled to speak at the event. Get your weekly US Dollar forecast from DavidJSong here:
Leer más »
Biden to Require US-Made Steel, Iron for InfrastructureThe Biden administration is taking a key step to ensure federal dollars will support U.S. manufacturing
Leer más »
Biden to require US-made steel, iron for infrastructureThe Biden administration is taking a key step toward ensuring that federal dollars will support U.S. manufacturing — issuing requirements for how projects funded by the $1 trillion bipartisan…
Leer más »
US Dollar Forecast: Fed Chairman Powell to Speak at IMF MeetingDevelopments coming out of the IMF 2022 Spring Meeting may influence the US Dollar as Chairman Jerome Powell is scheduled to speak at the event. Get your weekly US Dollar forecast from DavidJSong here:
Leer más »
Japan's yen bounces briefly after Kuroda commentsThe yen won a brief reprieve after hitting fresh two-decade lows from Japanese policymaker comments on Monday, even as holidays confined the U.S. dollar to narrow ranges against most other currencies.
Leer más »