U.S. Dollar Inches Up To Highest Levels In Ten Months
27 9월 2023 - 01:21AM
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The value of the U.S. dollar has moved modestly higher during
trading on Tuesday, extending the upward trend seen in recent
sessions.
Currently, the U.S. dollar index is up 0.18 points or 0.2
percent at 106.18, rising to its best levels in ten months.
The greenback is trading at 149.04 yen compared to the 148.88
yen it fetched at the close of New York trading on Monday. Against
the euro, the dollar is valued at $1.0574 compared to yesterday's
$1.0593.
The dollar is benefitting from its appeal as a safe haven amid
ongoing concerns about the outlook for U.S. interest rates, with
JPMorgan Chase (JPM) CEO Jamie Dimon warning in an interview with
The Times of India that rates could go as high as 7 percent.
"I am not sure if the world is prepared for 7%," Dimon said. "I
ask people in business, 'Are you prepared for something like 7%?'
The worst case is 7% with stagflation."
"If they are going to have lower volumes and higher rates, there
will be stress in the system," he added. "We urge our clients to be
prepared for that kind of stress."
Minneapolis Federal Reserve President Neel Kashkari also wrote
in an essay posted on Tuesday that there is a 40 percent chance the
Federal Reserve will have to push rates "meaningfully higher" to
combat stubborn services inflation.
Last week, the Fed left interest rates unchanged as widely
expected but forecast another rate hike before the end of the year
as well as keeping rates at elevated levels for longer than
previously anticipated.
Euro vs Sterling (FX:EURGBP)
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Euro vs Sterling (FX:EURGBP)
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부터 12월(12) 2022 으로 12월(12) 2023
