Report

rss

Iraq News

Kurdistan

Economy

World

All News

U.S. dollar rises, but off near two-year peak amid hawkish Fed signals

Category: Economy

Date: 2022-04-08T08:36:32+0000
U.S. dollar rises, but off near two-year peak amid hawkish Fed signals

Shafaq News / The U.S. dollar climbed to nearly two-year highs on Thursday, as investors digested hawkish signals from the Federal Reserve, but wondered whether the currency's value already reflected further tightening moves.

The dollar index hit 99.823 on Thursday, the highest since late May 2020. It was last up 0.2% at 99.810.

"With traders pricing in more than 225 basis points of interest rate hikes over the rest of this year, there's certainly more risk of the Fed failing to meet expectations than exceed them," said Matthew Weller, global head of research at FOREX.com and City Index.

St. Louis Fed President James Bullard, a voter this year on the Federal Open Market Committee and a known hawk, continued to sound the alarm on inflation on Thursday.

He said the Fed remains behind in its fight against inflation despite increases in mortgage rates and government bond yields that have raced ahead of actual changes in the central bank's target federal funds rate.

Bullard's comments, however, had little impact on the dollar.

Chicago Fed President Charles Evans and Atlanta Fed President Raphael Bostic, neither of whom are voters in 2022, on Thursday supported rate increases, but provided a somewhat dovish counterpoint.

Bullard's comments, however, had little impact on the dollar.

Chicago Fed President Charles Evans and Atlanta Fed President Raphael Bostic, neither of whom are voters in 2022, on Thursday supported rate increases, but provided a somewhat dovish counterpoint.

(Reuters)

related

USD/IQD closes lower in Baghdad 

Date: 2022-04-24 14:59:49
USD/IQD closes lower in Baghdad 

Dollar closes higher in Baghdad's markets

Date: 2021-07-17 15:46:26
Dollar closes higher in Baghdad's markets

USD/IQD exchange closes at the morning rates on Monday

Date: 2021-12-06 16:40:07
USD/IQD exchange closes at the morning rates on Monday

USD/IQD exchange rates stabilize in Baghdad

Date: 2022-06-08 07:41:31
USD/IQD exchange rates stabilize in Baghdad

USD closes higher in Baghdad's markets

Date: 2021-10-13 15:36:52
USD closes higher in Baghdad's markets

USD/IQD exchange rate hits a new low, experts warn of recession

Date: 2022-02-20 14:18:08
USD/IQD exchange rate hits a new low, experts warn of recession

USD closes higher in Baghdad's markets

Date: 2021-11-01 14:56:25
USD closes higher in Baghdad's markets

Dollar/Dinar rates drop in Baghdad

Date: 2021-08-23 11:08:23
Dollar/Dinar rates drop in Baghdad