The dollar continues rally, climbing above 153 against the yen for the first time in nearly three months. This surge is attributed to strong U.S. economic data and expected divergences in interest rate policies among major global central banks.
Recent positive economic indicators have dampened expectations regarding the Federal Reserve's pace of interest rate cuts. The greenback is on track for its 16th gain in 18 sessions, reflecting investor confidence.
The yield on benchmark U.S. 10-year notes rose 3.4 basis points to 4.24%, signaling investor optimism. This increase follows a series of positive economic reports and has contributed to the dollar's strength against the yen.
Investors are also closely monitoring the upcoming U.S. presidential election on November 5, as political outcomes could significantly impact the dollar's trajectory. The potential for Donald Trump’s victory has raised concerns about inflationary policies.
The Bank of Canada recently cut its key benchmark rate, while the European Central Bank remains cautious. These differing approaches create a backdrop for the dollar's continued strength.
Don't miss out on the latest Forex trading news and analysis. Visit our website for more benefits of trading with FIXIO: Explore Forex Trading with FIXIO.
The dollar continues rally, reaching a 3-month high against the yen, driven by strong economic indicators and political factors.
Superior trade execution & trading conditions with the NDD method.
The online FX industry provides a platform for investors worldwide to engage in the buying and selling.
Subscribe to our daily newsletter and get the best forex trading information and markets status updates
Trade within minutes!
日本語
English
Comment (0)