The dollar hovered near a four-month high against the euro and scaled a five-week peak on the Japanese yen on Wednesday, as traders awaited U.S. inflation data and wagered a high reading could pressure the Federal Reserve to wind back policy support.
The greenback has already caught a boost from last week's strong U.S. jobs data and from recent remarks by Fed officials hinting that asset purchase tapering is on the cards. Hot inflation could also add to expectations for rate hikes next year.
The yen , which has dropped for five consecutive sessions against the dollar, fell marginally to 110.65 per dollar in early trade, its lowest since mid July. "With what we have in hand now, we would expect this pattern to continue," said Charalambos Pissouros, head of research at Cyprus-based brokerage JFD Group, with Wednesday's inflation data offering another possible nudge.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
S&P 500 Futures Show Calm as Investors Await Fed CluesU.S. stock futures struggled for direction as investors awaited clues from Federal Reserve officials about plans to ease stimulus measures.
Consulte Mais informação »
Fed Circ upholds VA cutoff on resuming disability benefitsPartially disabled veterans whose benefits are suspended when they are recalled to active duty are not automatically entitled to benefits once their tours of duty end, a divided federal appeals court held.
Consulte Mais informação »
WSJ News Exclusive | Progressive Opposition to Jerome Powell Clouds His Chances for Second Term as Fed ChairmanMembers of President Biden’s economic team generally support a second term for Fed Chairman Jerome Powell, but resistance is growing among progressive Democrats.
Consulte Mais informação »
Fed's Rosengren says central bank should announce taper plans in SeptemberBoston Federal Reserve Bank President Eric Rosengren said during an interview with the Associated Press on Monday that the U.S. central bank should announce in September that it will start reducing its $120 billion in monthly purchases of Treasury and mortgage bonds in the fall.
Consulte Mais informação »