U.S. Dollar Rises Amid U.S. Fed Rate Hike Speculation
26 Settembre 2023 - 7:49AM
RTTF2
The U.S. dollar strengthened against other major currencies in
the European session on Thursday, as the remarks from Minneapolis
Federal Reserve Bank President Neel Kashkari signaled a rate hike
speculation among the traders.
In an event hosted by the University of Pennsylvania's Wharton
School of Business, Neel Kashkari said that the U.S. central bank
is likely to raise its rates further and keep them high for some
time to bring inflation back down to 2 percent.
"If the economy is fundamentally much stronger than we realized,
on the margin, that would tell me rates probably have to go a
little bit higher, and then be held higher for longer to cool
things off," he said.
In the Asian trading today, the U.S. dollar held steady against
its major rivals.
In the European trading now, the U.S. dollar rose to more than
6-month highs of 1.0569 against the euro and 1.2170 against the
pound, from early lows of 1.0593 and 1.2215, respectively. If the
greenback extends its uptrend, it is likely to find resistance
around 1.04 against the euro and 1.17 against the pound.
Against the yen and the Swiss franc, the greenback advanced to
nearly a 1-year high of 149.19 and nearly a 6-month high of 0.9151
from early lows of 148.70 and 0.9119, respectively. The greenback
may test resistance of 151.00 against the yen and 0.93 against the
franc.
Against the Australian and the New Zealand dollars, the
greenback climbed to a 5-day high of 0.6388 and a 4-day high of
0.5936 from early lows of 0.6431 and 0.5974, respectively. On the
upside, 0.62 against the Aussies and 0.57 against the Kiwi are seen
as the next resistance levels for the greenback.
Moving away from an early 4-day low of 1.3449 against the
Canadian dollar, the greenback advanced to a 5-day high of 1.3500.
The next possible resistance level for the greenback is seen around
the 1.36 region.
Looking ahead, building permits for August, U.S. S&P/Case
-Shiller house price index for July, U.S. CB consumer confidence
for September, U.S. new homes sales data for August, and U.S.
Richmond Fed manufacturing index for September, U.S. Dallas Fed
services index for September, Canada manufacturing sales for August
and wholesale sales data for August are slated for release in the
New York session.
At 1:30 pm ET, Federal Reserve Board Governor Michelle Bowman
will give welcome remarks on Post-Pandemic Challenges and
Strategies for Addressing Rental Housing Affordability before the
"Fed Communities - Keys to Opportunity in the Housing Market:
Research on Strategies for Preserving and Expanding Rental Housing
Affordability" event, in Washington D.C., U.S.
Grafico Cross Euro vs US Dollar (FX:EURUSD)
Da Set 2024 a Ott 2024
Grafico Cross Euro vs US Dollar (FX:EURUSD)
Da Ott 2023 a Ott 2024
