US dollar rally pauses before jobs data, Aussie droops on RBA outlook

Quick Summary:

TOKYO : The dollar hovered close to a three-month peak on Wednesday in a big week for macroeconomic data that could reveal the path for U.S.monetary policy.

Recently though, economic readings have pointed to a resilient economy, particularly for employment, spurring a paring back of bets on the pace of rate reductions.

Finance minister Rachel Reeves, along with Prime Minister Keir Starmer, has reiterated the need for tough fiscal measures to help close a hole in British public finances.

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Category: EconomyBusiness

Markets: SingaporeAustraliaJapanUnited States

Topics: Cent Reserve Bank Tuesday Australia Seen Three-month Inflation Rate Wednesday Dollar

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 09:23:20 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 744 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23333819

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