Odaily Planet Daily News The dollar continued its upward trend from last week, as the market expected the Fed to maintain a gradual pace of interest rate cuts, which broadly supported the dollar. The DXY dollar index on the intercontinental exchange pumped 0.3%, erasing about two months of decline. The Wall Street Journal's dollar index pumped 0.4%, also returning to the level of August. The dollar rose 0.5% against the yen and 0.3% against the euro. The indicators announced this week are unlikely to change the prospect of the Fed cutting interest rates by 25 basis points next month. (Jinshi)
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Dolar terus naik, Fed AS diperkirakan akan memangkas suku bunga dengan hati-hati
Odaily Planet Daily News The dollar continued its upward trend from last week, as the market expected the Fed to maintain a gradual pace of interest rate cuts, which broadly supported the dollar. The DXY dollar index on the intercontinental exchange pumped 0.3%, erasing about two months of decline. The Wall Street Journal's dollar index pumped 0.4%, also returning to the level of August. The dollar rose 0.5% against the yen and 0.3% against the euro. The indicators announced this week are unlikely to change the prospect of the Fed cutting interest rates by 25 basis points next month. (Jinshi)