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

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The story "Firm dollar keeps peers on back foot ahead of BOE, Fed decisions" was covered 2 weeks ago by Channel News Asia, a news publisher based in Singapore.

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Firm dollar keeps peers on back foot ahead of BOE, Fed decisions - Channel News Asia

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.