SINGAPORE, Sept 1 ― The dollar rose broadly today, particularly against the yen, as investors braced for higher US interest rates while expecting anchored Japanese rates to go nowhere anytime soon.
“Dollar/yen should break 140 before the September . Looks like we won't have to wait much longer,” said Sean Callow, a currency strategist at Westpac in Sydney. Euro zone inflation rose to a record high at 9.1 per cent in August, data released yesterday showed, solidifying the case for further big European Central Bank rate hikes to tame inflation.
Source: Loan Digest (loandigest.net)
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