Dollar, minutes of the Fed, Brexit in brief



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The dollar was trading better against its main counterparts on Thursday after the US Federal Reserve's September meeting announced a few minutes that the central bank was planning to continue raising interest rates this year.

All Fed policymakers supported rising interest rates last month and also agreed that borrowing costs needed to increase further.

Interest rate futures are now predicting a 83% chance that the Fed will raise rates in December, according to CME's FedWatch monitoring tool, which is on its fourth rise this year. Two more increases are likely next year.

The dollar index, which measures its value against six major peers, has traded at 95.664, up from 0.1% on Thursday.

"The dollar is being bought because it's being tracked after the FOMC minutes are released," said Ray Attrill, head of monetary strategy at NAB.

"Dollar bulls seem to think that the market is undervaluing what the Fed can do," added Attrill.

The benchmark 10-year US Treasury yields climbed to 3.2% on Thursday. The last time they exchanged below the psychologically important threshold of 3%, it was September 18th.

The euro has changed hands at $ 1,1501 on Thursday.

The British pound lost 0.12% against the dollar on Thursday at $ 1.3096, which weakened after the Brexit's chief negotiator for the Brexit, Michel Barnier, said Wednesday that It took longer to get an exit agreement for Britain.

The Canadian dollar changed hands at 1.3022. The dollar gained 1.6% against the loonie over the last twelve trading days.

The Japanese yen had a series of four-day wins against the dollar on Wednesday, with the greenback gaining 0.65% against the Japanese currency.

The yen changed hands at 112.65 against a dollar on Thursday. The dollar has gained 0.9% against the yen since Monday, when the yen had reached its highest level in a month of 111.61.

The Australian dollar, often considered a barometer of risk appetite around the world, changed hands on Thursday at 0.7126 USD, gaining 0.24% against the greenback thanks to a report on unemployment vigorous.

The Australian dollar hit a two-year low of $ 0.7039 on October 5 and analysts are still expecting the currency to remain under pressure.

"The combination of a stronger US dollar and commodity price pressures could test the low of the past two years, around $ 0.7040 in future sessions," said Michael McCarthy. , based in Sydney, Chief Market Strategist at CMC Markets.

Elsewhere, in a highly anticipated paper by the markets, the US Treasury's half-yearly currency report released Wednesday did not name China or any other trading partner as a currency handler.

"The fact that they refrained from singling out China as a money handler is a positive development, especially in terms of emerging market currencies," said Attrill.

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