The dollar wobbled on Wednesday as expectations of a rate hike by the Federal Reserve next week receded, though currency moves were subdued as traders contemplated whether an end to the global monetary policy tightening cycle was near.
"The cash rate is now 4.1%, which we think is in a deeply restrictive territory, so that obviously means that the risk of a hard landing in the Australian economy has increased," said Carol Kong, a currency strategist at Commonwealth Bank of Australia.expectations that the Bank of Canada could resume its tightening campaign at an interest rate decision later on Wednesday sent the Canadian dollar to a near one-month high of C$1.3388 to the greenback.
Against the dollar, sterling rose 0.05% to $1.2429, while the Japanese yen edged roughly 0.2% higher to 139.32.Euro zone consumers lowered their inflation expectations, a European Central BankIn Asia, data out on Wednesday showed that China's exports shrank much faster than expected in May and imports fell, albeit at a slower pace, as manufacturers struggled to find demand abroad and domestic consumption remained sluggish.
The Chinese yuan barely reacted to the release, with the offshore yuan last 0.02% higher at 7.1278 per dollar. "We are getting to a point where there is a need for more policy stimulus ... so perhaps something could be coming around the corner, and that's probably keeping the market hopeful," said Bank of Singapore's Sim.
Elsewhere, the Turkish lira slid nearly 3% to a fresh record low of 22.15 per U.S. dollar, while the kiwi edged 0.13% lower to $0.6071.The U.S. Securities and Exchange Commission on Tuesday sued
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Dollar edges up as markets weigh chances of Fed rate hikeThe dollar edged up against major peers on Monday, as markets priced in around a 1-in-4 chance of the U.S. Federal Reserve raising benchmark rates this month after robust jobs data on Friday.
Consulte Mais informação »
US Dollar Index: DXY suffers from downbeat data, yields amid Fed blackoutUS Dollar Index: DXY suffers from downbeat data, yields amid Fed blackout – by anilpanchal7 DollarIndex RiskAversion Fed Macroeconomics YieldCurve
Consulte Mais informação »
Fed easing cycle to kick off a multi-year Dollar bear trend later this year – INGBeing bearish on the Dollar is ING’s baseline view. A weaker Dollar can export lower US rates around the world Our baseline view in FX markets is that
Consulte Mais informação »
Gold Price Forecast: XAU/USD edges higher as US Dollar, yields dribble on mixed Fed concernsGold Price (XAU/USD) seesaws around $1,963 amid the early hours of Wednesday’s Asian session, after a two-day rebound within a short-term trading rang
Consulte Mais informação »
US Dollar Index: DXY edges higher past 104.00 as markets reassess Fed betsUS Dollar Index (DXY) consolidates the previous weekly losses with mild gains around 104.15 amid an inactive Asian session on Wednesday. Adding streng
Consulte Mais informação »
Dollar adrift as traders assess Fed options; Aussie buoyantThe dollar edged lower on Wednesday as traders assessed the odds of a rate hike by the Federal Reserve next week, while the Aussie scaled a fresh three-week high in the wake of a rate increase and a decidedly hawkish stance by its central bank .
Consulte Mais informação »