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Dollar inches higher as Fed's signals no rush to cut rates

Channel News Asia LogoChannel News Asia13h ago

Dollar inches higher as Fed's signals no rush to cut rates - Channel News Asia

Quick Summary:

LONDON :The dollar inched up on Thursday after the Federal Reserve indicated it was in no rush to cut rates further this year due to uncertainties around U.S.tariffs, while the pound slipped ahead of the Bank of England's policy decision.

"The latest labour market data won't do much to build conviction amongst the Monetary Policy Committee as they continue to balance a weak economy and sticky inflation," said Matt Swannell, chief economic adviser to the EY ITEM Club.

Sterling touched a more than four-month high of $1.3015 in early Asian hours before retreating back to $1.2975 ahead of the BoE policy decision, where the central bank is expected to keep rates on hold.

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Dollar inches higher as Fed's signals no rush to cut rates - Channel News Asia (Picture 1)Dollar inches higher as Fed's signals no rush to cut rates - Channel News Asia (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-20 @ 17:13:10 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 820 words

Reading Time: 5 minutes read

Sentences: 29 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 27189371

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 64 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 42 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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The story "Dollar inches higher as Fed's signals no rush to cut rates" was covered 13 hours ago by Channel News Asia, a news publisher based in Singapore.

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It's most recent story was published 42 minutes ago.

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  • URL: https://beamstart.com/news/dollar-inches-higher-as-feds-17424631444062

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