The dollar was flat at 113.88 yen JPY=, down from its eight-week high of 114.38 yen reached earlier in the week. REUTERS/Dado Ruvic/Illustration/File PhotoLONDON The dollar traded near a three-week high on Friday, on track for its strongest week this year, after strong data bolstered expectations that the Federal Reserve will raise interest rates again in June. With investors now pricing in an 80 percent chance of a Fed rate hike next month, while other central banks continue to ease policy, that could drive the dollar higher. A rally to 14-year highs for the dollar, inspired by the election of U.S. President Donald Trump, has fizzled out since the start of this year. The currency has fallen as much as 5 percent as the pro-growth measures Trump had promised have been called into question.
as informed in That, said analysts, was partly the result of a broad market focus shift away from politics and back towards monetary policy. The dollar was flat at 113.81 yen, down from its eight-week high of 114.38 yen reached earlier in the week. The currency has fallen as much as 5 percent as the pro-growth measures Trump had promised have been called into question. With investors now pricing in an 80 percent chance of a Fed rate hike next month, while other central banks continue to ease policy, that could drive the dollar higher. A rally to 14-year highs for the dollar, inspired by the election of U.S. President Donald Trump, has fizzled out since the start of this year.
as informed in
FOREX-Dollar heads for strongest week this year on Fed hike bets
That, said analysts, was partly the result of a broad market focus shift away from politics and back towards monetary policy. The dollar was flat at 113.88 yen
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