Market Signal

US Dollar Hits Two-Month High After Jobs Report Fuels Fed Rate Hike Bets

Sourced from 3 publications

  • •The US dollar reached a two-month high on Monday following a blowout US jobs report that intensified Federal Reserve rate hike speculation, per Forexfactory.
  • •Bond traders anticipate this week's CPI data will show the biggest surge in US consumer prices in several years, according to Bloomberg.
  • •The US dollar traded at NT$31.628 in Taipei, rising NT$0.153 from its previous close, Focus Taiwan reported.
  • •The Japanese yen edged further into a range that could trigger intervention by Japanese monetary authorities.
  • •Australian markets were closed for a holiday, muting early currency trading activity.

Sources

U.S. dollar up in Taipei trading - Focus Taiwan

Focustaiwan

US dollar climbs to two-month peak as Fed hike bets ramp up

Forexfactory

Bond Traders Bet on a CPI Surge That Bolsters Case for Fed Pivot

Bloomberg

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Curated from 3 sources. Every summary is reviewed for accuracy, but may still contain errors. We always link to original sources for verification.

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