Post Profile






The dollar is bulking up

The dollar is stronger. The US dollar index is up 0.5% at 96.21 as of 7:35 a.m. ET, around a two-month high. The greenback's appreciation follows comments by Cleveland Fed president Loretta Mester, who said: "We have to be a little pre-emptive in making sure that we're moving the interest rate up so that we can keep the expansion sustained." " We are sympathetic to her arguments, but we cannot follow her in claiming a rate hike is compelling in November," noted Marc Chandler, the global head of currency strategy at Brown Brothers Harriman.
read more

share

Related Posts


The dollar is stronger

Business & Finance : Business Insider: Money Game

Good morning! The US dollar index is stronger by 0.4% at 94.36 as of 10:41 a.m. ET. "The US dollar weakened in the first half of the week as participants continued to react to the shockingly poor jobs report and shift in Fed expecta...

The dollar is inching back up — here's what's happening in FX

Business & Finance : Business Insider: Clusterstock

Good morning! The US dollar is slowly inching back up after getting destroyed against the majors following last Friday's dismal jobs report. The dollar index is stronger by about 0.2% at 94.17. It got as high as 94.26 earlier in the...

Fed’s Mester Supports Rate Rise in First Half of 2015

Business & Finance / Economics : Wall Street Journal Economics Blog

Expressing confidence weak inflation will eventually rise again, Federal Reserve Bank of Cleveland President Loretta Mester said Wednesday the U.S. central bank remains on track for raising rates in the next few months.

Fed’s Mester Says ‘Comfortable’ With Hiking Rates In First Half Of 2015

Business & Finance / Economics : Wall Street Journal Economics Blog

NEW YORK--Expressing confidence weak inflation will eventually rise again, Federal Reserve Bank of Cleveland President Loretta Mester said Wednesday the U.S. central bank remains on track for raising rates in the next few months.

Global Stocks Rebound As Fed Fears Ease, Dollar Falls From 7 Month High

Business & Finance : Zero Hedge

If yesterday's session was dominated by concerns about Fed tightening and rising long-end rates, today fears about a hawkish Fed have subsided, and as a result European, Asian stocks and S&P futures all rose amid speculation Federal...

Comments


Copyright © 2016 Regator, LLC