Firm dollar keeps peers on back foot ahead of BOE, Fed decisions

Quick Summary:

TOKYO : The dollar hovered off a four-month high on Thursday as the market continued to digest Republican Donald Trump's win in the U.S.presidential election, while investors eyed several central bank decisions that will be topped off by the Federal Reserve.

Trump’s policies on restricting illegal immigration, enacting new tariffs, lowering taxes and deregulation may boost growth and inflation and crimp the Fed’s ability to cut rates.

Following the election, markets now see about a 70 per cent chance the Fed will also cut rates next month, down from 77 per cent on Tuesday, according to the CME Group’s Fed Watch Tool.U.S.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Bank Election Trump Rates Yields Cent Market July Dollar Moves Wednesday

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 08:23:45 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 632 words

Reading Time: 4 minutes read

Sentences: 21 lines

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Copyright Owner: © Channel News Asia

News ID: 23454538

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Official Website: channelnewsasia.com

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