Euro, Hong Kong dollar, U.S. dollar, Japanese yen, pound and Chinese 100 yuan banknotes are seen in this picture illustration, January 21, 2016. REUTERS/Jason Lee/Illustration/File PhotoNEW YORK, April 5 - The dollar index was last up 0.048% at 104.27, after rising to 104.690 It has had a turbulent week, falling from a five-month high to a two-week low after an unexpected slowdown in U.S.
"It's really encouraging the market to get more and more comfortable with this fact that we know rates have to come down, but do they really need to come down quickly? And do they need to come down as much?" said Amo Sahota, director at Klarity FX in San Francisco. "That should continue to underpin dollar strength on a broad basis," said Brad Bechtel, global head of FX at Jeffries.
Ueda also said inflation would likely accelerate from "summer toward autumn" as bumper pay hikes push up prices, his strongest hint yet that another interest rate hike was possible in coming months.
Source: Loan Digest (loandigest.net)
MTPIX REP CEN CRYCUR ECO FRX INT JOB MCE PLCY PXP ECON FIN FRX/ USD/ TOPNWS ECI MPLT STX TOPCMB BASMTL COM CPPR METL MTGFX
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