Dollar sits atop one-year peak as Powell sends yields up, shares hesitant

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SYDNEY : The U.S. dollar extended its broad rally early on Friday, towering at one-year highs as a hawkish turn from the Federal Reserve chief sent short-term Treasury yields higher, leaving Wall Street futures in the red and most Asia markets struggling. Fed Chair Jerome Powell said there was no need to rush rate cuts with the economy still growing, the job market solid and inflation still above the 2 per cent target, tempering expectations for a rate cut next month. Fed fund futures for next

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Dollar sits atop one-year peak as Powell sends yields up, shares hesitant https://www.channelnewsasia.com/ - 15.11.2024 05:36
Dollar sits atop one-year peak as Powell sends yields up, shares hesitant https://www.channelnewsasia.com - 15.11.2024 03:32

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Dollar sits atop one-year peak as Powell sends yields up, shares hesitant https://www.channelnewsasia.com/ - 15.11.2024 05:36
Dollar sits atop one-year peak as Powell sends yields up, shares hesitant https://www.channelnewsasia.com - 15.11.2024 03:32