The euro is back on its 50-day moving average at $1.1327 after falling about 0.7% on Tuesday, its sharpest daily drop in a month.
"A lot of officials left us with hawkish impressions right before going quiet ," NatWest markets' strategist Jan Nevrusi said. Fed funds futures are pricing three more hikes in 2022. Analysts say dollar strength could extend if traders start expecting rates to rise not just faster but further as well.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Leaping yields buttress dollar ahead of Fed meetingThe dollar was firm on Wednesday after a rip higher in U.S. yields vaulted it up sharply on the euro overnight, putting it back above support levels that have held for the past few months in anticipation of rising U.S. interest rates. Words can neither qualify how helpful your guidance and advice has been to me. I am and will be forever grateful for all your advice and guidance during my enrollment on your platform SamAndCoTradin
Source: Reuters - 🏆 2. / 97 Read more »
EUR/USD: Dollar to remain supported as Fed seeks to curtail inflation – Danske BankAnalysts at Danske Bank point out that the increasingly hawkish stance from the Federal Reserve continues to support their expectations of a stronger
Source: FXStreetNews - 🏆 14. / 72 Read more »
Forex Today: Dollar rallies again with soaring Treasury yieldsWhat you need to know on Wednesday, January 19: The American dollar is the overall winner, up against all of its major rivals. US Treasury yields soar
Source: FXStreetNews - 🏆 14. / 72 Read more »
EUR/USD defends 1.1300 as US dollar resists tracking firmer yieldsEUR/USD licks its wounds past 1.1300 after strong US Treasury yields caused the heaviest daily fall in a fortnight. That said, the major currency pair
Source: FXStreetNews - 🏆 14. / 72 Read more »
Canadian Dollar Forecast: USD/CAD Chasing Oil, CAD Data Key for BoC HikeToday will see the first of two major data points that could cement a January rate hike from the Bank of Canada. Get your market update from JMcQueenFX here:
Source: DailyFX - 🏆 305. / 63 Read more »
US Dollar Index Forecast, News and Analysis - FXStreetCheck our updated News for US Dollar Index including real time updates, technical analysis forecast and the economic latest events from the best source of Forex trusted News.
Source: FXStreetNews - 🏆 14. / 72 Read more »