“The dollar notching its fourth-consecutive week of gains highlights just how far the U-turn in the market narrative has gone as data this week continues to highlight strength in the U.S. economy and its underlying inflation drivers,” said Simon Harvey, head of FX Analysis at Monex.
The market is pricing U.S. rates to peak in July at 5.35 percent and remain above 5 percent until the end of the year, having walked back expectations of a deep rate cut this year. Incoming BOJ chief Ueda, who was nominated earlier this month in a surprise move, warned that uncertainties regarding Japan’s economic recovery remained “very high”, warranting the BOJ maintaining its ultra-loose monetary policy.The yen was volatile, weakening 0.3 percent to 135.06 per dollar, after touching its highest since Monday in Asian trading hours.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: bworldph - 🏆 9. / 68 Read more »
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Source: inquirerdotnet - 🏆 3. / 86 Read more »