Home / forex / FOREX-Dollar hits 30 days hight on rate-hike view, sterling falls

FOREX-Dollar hits 30 days hight on rate-hike view, sterling falls

 

It gained more than a cent against the sterling after BoE Governor Mark Carney said now was not the time to raise U.K. interest rates.
Chicago Fed President Charles Evans said on Monday it may be worthwhile for the U.S. central bank to wait until year-end to decide whether to raise interest rates again.
This would leave the door open for the possibility of another rate hike by year-end after two hikes so far this year.
The U.S. central bank as expected raised key overnight borrowing costs by a quarter point to 1.00-1.25 percent last Wednesday.
But Carney warned of weak wage growth and a likely hit to incomes as Britain prepares to leave the European Union, sending sterling to a two-month low of $1.2603.

as declared in

FOREX-Dollar hits 21 days high on Federal comments, sterling slips

FOREX Dollar hits 30 days hight on rate hike view, sterling falls FOREX-Dollar-hits-30-days-hight-on-rate-hike-view-sterling-falls

The British pound fell almost a cent against its U.S. counterpart after BoE Governor Mark Carney said now was not the time to raise UK interest rates.
Against the yen, the dollar rose to as high as 111.90 , its strongest level since May 26.
The dollar index – which measures the greenback against six other major currencies, including sterling – climbed to 97.648 , its highest since the end of May.
That marked a gain of almost 3 percent from the dollar’s near 2-month low of 108.81 yen set on June 14.
Last week three BoE policymakers had voted in favour of a hike.

as declared in

FOREX-Dollar hits session high vs yen after existing home sales data

 

New York Fed President William Dudley and Bosto
TREASURIES-Yield curve flattens on bullish Fed, falling inflation(Adds oil price drop, CPI data; Updates prices) * Yield curve flattest level since Dec 2007 * Thirty-year bond yields lowest since November * Fed speakers in focus this week By Karen Brettell NEW YORK, June 21 The U.S. Treasury yield curve flattened to almost 10-year lows on Wednesday as investors evaluated the impact of hawkish Federal Reserve policy on the economy even as inflation measures are deteriorating.

 

collected by :kiven Dixter

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