Dollar just off August high, US rates and election in focus

Quick Summary:

The U.S.dollar clung to a 2-1/2 month high on Tuesday on expectations the Federal Reserve will take a measured approach to interest rate cuts, while a too-close-to-call U.S.election campaign kept investors on edge.

The Bank of Japan is carefully looking at the upside risks from rising import prices as the yen weakens, Executive Director Takeshi Kato was quoted as saying by Jiji Press on Tuesday.

He flagged that according to Polymarket - a decentralised prediction market platform - the former president is now the clear favourite, leading Kamala Harris by more than 20 per centage points, while polls point to a much tighter race.

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Article Details

Category: EconomyBusiness

Markets: SingaporeFranceJapan

Topics: Dollar Cuts Investors Month Rising Cent Election Euro Rate Last Seen

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 16:07:40 (5 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 750 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23196724

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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